Emergent Payments

Emergent Payments
Private
Industry Payments
Founded 2008(as Live Gamer)
Headquarters Palo Alto, US
Area served
 Worldwide
Key people
 Mitch Davis (CEO), Joe Podulka (CFO), Rossini Zumwalt (CPO), Abhishek Banerjee (CTO)
Products Pay+
Website http://www.emergentpayments.net

Emergent Payments is an online payments company focusing on offering local payment methods in global markets to digital companies.[1] Emergent Payments is based in Palo Alto, California with development centers in North Carolina and Shanghai, as well as international offices in Luxembourg, India, China, South Korea, Brazil, Singapore, Malaysia, Nigeria, Bangladesh and Japan. The company facilitates transactions for online games, digital entertainment, technology platforms, e-learning and other digitally focused companies. The firm also offers risk and fraud protection during those transactions.

Previously, the company was named Live Gamer,[2][3] but in June 2015 it changed its name to Emergent Payments to indicate its shift from gaming e-commerce to the broader market for digital payments. The company also sold its microtransactions engine "Elements" to focus fully on online payments.[4]

History

The firm originated in 2008 as Live Gamer in New York.[5] It was founded by Mitch Davis and Andrew Schneider. Mitch Davis is currently the company's CEO. Emergent Payments is headquartered in Palo Alto, California with second development centers in Research Triangle Park, North Carolina and Shanghai. Emergent Payments has international offices in Luxembourg, South Korea, China, Malaysia, India, Singapore, Bangladesh and Japan.The company sold its Digital Commerce platform (Live Gamer Elements) to Autodesk in June 2014, in order to focus on its core payments technology and business. It re-branded as Emergent Payments in early 2015 and invested in the payments platform, team and operations in high growth international and Emerging markets.

Products

Pay+ is Emergent Payments' Saas-based payments platform. This service, offers over 200 payment methods in over 180 countries.[6] The firm provides risk and fraud protection including advanced techniques such as IP proxy piercing and device fingerprinting. It handles local compliance and VAT requirements for its clients.

The firm can act as a Seller of Records (SOR), for the transactions and assumes the responsibility of tax calculation, tax collection, funds collection and remittance, risk management, chargeback re-presentment and billing support. It provides unified reporting and analytics across all payment methods. This service provides three integration options to meet the client's specific needs- Hosted Paywall to integrate payment methods in under an hour, Deep Link which is linked to Emergent Payments' hosted payment forms to embed them into the checkout flow and direct integration to the REST API, to easily bring payments to any device.

The Pay+ hosted paywall integrate the process of checkout into the whole system. The paywall walks the customer through selecting payment options and completing their purchase. All these services can be availed from a single Pay+ user interface.

References

  1. ↑ Schneider, Andrew (2 June 2015). "Live Gamer Re-launches as Emergent Payments". Retrieved 6 June 2015.
  2. ↑ Unknown, Unknown (2 June 2015). "Live Gamer Re-Launches as Emergent Payments". Yahoo Finance. Retrieved 6 June 2015.
  3. ↑ Unknown, Unknown (2 June 2015). "Live Gamer rebrands as global payments firm Emergent Payments". Venture Beat. Retrieved 6 June 2015.
  4. ↑ Pullen, John Patrick (5 August 2010). "How Mafia Wars can fix the media". CNN Money. Retrieved 26 July 2013.
  5. ↑ "Live Gamer Lands $2,789,672 New Funding". Retrieved 1 August 2013.
  6. ↑ unknown, unknown (22 February 2015). "Company Overview of Live Gamer,". Retrieved 1 June 2015.
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