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LIMASSOL, Cyprus, Feb. 1, 2023 /PRNewswire/ -- Praxis Tech Ltd announces the launch of its latest product, Hosted Payment Fields. This innovative solution enables businesses to securely collect sensitive payment information from customers, without the need to be PCI-DSS compliant.
Its latest product ensures that businesses can maintain their own cashier with their own user interface while accessing Praxis' hosted payment fields and thus gaining access to more than 525 PSPs worldwide.
The solution, while reducing the risk of fraud and improving merchant-customer relationships, enables merchants to expand into new markets and expand their customer base without the need to completely replace their existing checkout or checkout page .
Praxis Hosted Payment Fields allow merchants to store their payment information on secure, PCI-compliant servers while streamlining the checkout process. Additionally, Praxis merchants can now improve the overall user experience by eliminating the need for customers to fill out long and complicated forms.
Some benefits businesses can expect when using Praxis Hosted Payment Fields include:
Enhanced Security – By hosting payment fields on secure servers, businesses can reduce the risk of fraud and protect their customers' confidential information.
Improved Customer Experience: The streamlined checkout process provided by Praxis hosted checkout fields leads to increased conversions and customer satisfaction.
Greater flexibility – Hosted checkout fields can be easily integrated into any website, regardless of platform or language. Allow a company to maintain its own ATM with the Hosted Payment Fields implemented by Praxis.
Cost Effective: Hosted Payment Fields eliminates the need for companies to invest in expensive PCI-compliant infrastructure, reducing costs and increasing profitability.
User-friendly framework – Merchants have access to full customization while being able to track user behavior and adjust accordingly to increase conversions.
Co-Founder Amit Klatchko commented, "We are confident that Hosted Payment Fields will provide businesses with the security, flexibility and ease of use they need to succeed in today's competitive online marketplace."
He went on to explain that "Praxis' current growth trajectory is steep. We just brought on our new CIO, Guy Karsenti, who is quickly driving our ever-stronger technology team. We will be making some big announcements regarding our product." in the coming months."
Praxis Tech Ltd is a payment technology software company that helps businesses simplify global expansion and optimize their payment infrastructure. They have grown exponentially in recent years and are one of the leading payment orchestration platforms for merchants looking to grow their business, expand into new global markets, and integrate with multiple payment solutions.
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