An EU-funded project to design a simple and secure means of collecting online payments will enable more SMEs to efficiently and cost-effectively access the full potential of Europe’s burgeoning e-commerce market.
The PAYPLUG LABS project addresses the needs of SMEs who wish to collect payments online,” explains project coordinator Camille Tyan, CEO of French start-up PayPlug. “What we are doing is developing a next-generation payment platform that reduces software integration costs by a factor of five and provides fraud protection thanks to modern statistical algorithms. In addition, new sophisticated technology will allow PayPlug to accurately detect risky vendors and at the same time register legitimate businesses rapidly.”
Read the full story at the Horizon 2020 website.