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AEON Payment Technologies: Scale Your Business with Confidence

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John Abraham, CEO, AEON Payment TechnologiesJohn Abraham, CEO
Financial institutions spend the lion’s share of their time on manual payment reconciliation processes to avoid errors and unnecessary penalties due to compliance violations. The lack of payments processing optimization hinders their ability to innovate and grow quickly. Founded by seasoned payments industry experts in 2015, AEON Payment Technologies has emerged as the best-kept secret of many financial institutions and merchants that are growing at lightning pace. AEON combines the power of the cloud and its proprietary technology tools to offer not only comprehensive payments processing but also additional services. The cornucopia of value-added payment processing services allows organizations to expedite payment transactions across platforms, including social media, and enhance business growth by releasing new products to the market quickly. Backed by trust, transparency, compliance, and cost benefits, AEON’s clients focus on business innovation with confidence.

“To help our clients overcome the limitations of the traditional cash management platforms and fintech companies, we took the visionary approach of migrating payments processing to the cloud in 2015 that allowed us to easily handle transactions at scale on behalf of our clients,” says John Abraham, CEO of the company. “Today, we host more than 9.5 million prepaid, debit, and credit cards on the AWS cloud, so our clients focus on business growth.” Besides being PCI-compliant, AEON played a pioneering role in implementing biometric security to card payments through which it aids its clients to penetrate more deeply in various global markets. Features such as payments processing across multiple payments across countries, currencies, and languages, comprehensive reporting, and rewards programs make AEON the go-to partner.

Using its vast experience and expertise, team AEON has equipped itself with custom-developed technologies that enable clients to steer clear of the traditional business challenges.


We took the visionary approach of migrating payments processing to the cloud in 2015 that allowed us to easily handle transactions at scale on behalf of our clients

AEON can integrate its in-house technologies with clients’ legacy systems, be it the core banking platform or data warehouse, for better reporting. Besides, the company offers standard templates using which its clients can release their products quickly in the eCommerce domain.

The company’s clients have come to appreciate its payment handling via social media tools. Cardholders can check account balances, view transactions/statements, and transfer funds directly from within social media tools such as WhatsApp and Viber. In an instance, AEON provided one of its clients with an end-to-end solution through which the client’s customers can send money and pay bills using cards over WhatsApp. Such a feature set has worked wonders in growing business for the client. In another instance, a different client of AEON was looking for a stable platform to improve their payment performance. In just nine months, AEON migrated the client’s 5.5 million card portfolio to its cloud platform, certified it for MasterCard, and secured the entire infrastructure with biometrics. This helped the client grow its portfolio by 3.5 million cards in less than three years.

As the payments industry continues to evolve rapidly, AEON will continue to integrate its technologies through API and real-time interfaces with new fintech platforms to cater to new business use cases. AEON has also adopted machine learning to predict fund requirements for settlements; and the company aims to expand the impact of this cutting-edge technology to cater to the unique client requirements. The company has recently filed an application with the Cyprus Central Bank to become a Payment Institution according to European and Cyprus laws, which will allow it to offer BIN Sponsorship services and acquiring services. Having its eyes set on the EMEA market, AEON has all hands on deck developing exciting products aimed at simplifying payments.

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Top 10 Payment and Card Companies in Europe - 2020
AEON Payment Technologies

Company
AEON Payment Technologies

Headquarters
Nicosia, Cyprus

Management
John Abraham, CEO

Description
Founded by seasoned payments industry experts in 2015, AEON Payment Technologies has emerged as the best-kept secret of many financial institutions and merchants that are growing at lightning pace. AEON combines the power of the cloud and its proprietary technology tools to offer not only comprehensive payments processing but also additional services. To help our clients overcome the limitations of the traditional cash management platforms and fintech companies, it took the visionary approach of migrating payments processing to the cloud in 2015 that allowed us to easily handle transactions at scale on behalf of our clients. Today, it hosts more than 9.5 million prepaid, debit, and credit cards on the AWS cloud.