Country for PR: United States
Contributor: PR Newswire New York
Friday, December 11 2020 - 05:32
AsiaNet
Adyen and Microsoft Launch Network Token Optimization
AMSTERDAM, Dec. 11, 2020 /PRNewswire-AsiaNet/ --

    - By collaborating with Adyen on Network Token Optimization, Microsoft saw 
positive growth in authorization rates

Adyen [ https://www.adyen.com/ ] (AMS: ADYEN), the global payments platform of 
choice for many of the world's leading companies, expands its collaboration 
with Microsoft to accelerate payments innovation for both companies with the 
launch of Adyen Network Token Optimization. Adyen is one of the first payment 
platforms to enable tokenized payments across multiple schemes and to offer 
automated optimization of the use of tokens to increase authorization rates. By 
adopting Network Token Optimization, merchants like Microsoft are able to 
realize significantly more revenue due to increased authorization rates.
  
Logo - https://mma.prnewswire.com/media/432569/Adyen_Logo.jpg 

"Customer experience is at the center of everything we do, and when it comes to 
the payments process it's about making it faster, simple and secure," said Matt 
Rossmeissl, Vice President of Commerce Engineering Operations at Microsoft. 
"Product innovation is at the core of what we do at Microsoft and Adyen's 
Network Token Optimization is a factor in driving better authorization rates 
and customer satisfaction."

Adyen and Microsoft have been working together since July 2015, starting with 
European acquiring. Today, Adyen processes payments for Microsoft globally, 
across all Microsoft products and services. Microsoft utilizes multiple Adyen 
products in addition to Network Token Optimization, including Real-time Account 
Updater to ensure a seamless consumer shopping experience by always charging 
the most up to date card. Adyen also supports various local payment methods in 
a number of countries for Microsoft, including U.S.-based debit networks, a 
more recent Adyen development. 

"We always build products with a focus on our merchants and their end 
customers, and Microsoft pushes us to help create better global solutions. We 
have benefited from Microsoft's consistent desire to provide better experiences 
for their customers," said Kamran Zaki, COO at Adyen. "At the forefront of 
innovation, the Microsoft team is always willing to act as an early adopter for 
many of our new products and features. We work together every day to create 
positive shopping experiences for Microsoft customers, and are excited to see 
what we will create next."

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world's 
leading companies, providing a modern end-to-end infrastructure connecting 
directly to Visa, Mastercard, and consumers' globally preferred payment 
methods. Adyen delivers frictionless payments across online, mobile, and 
in-store channels. With offices across the world, Adyen serves customers 
including Facebook, Uber, Spotify, Casper, Bonobos and L'Oreal. The cooperation 
with Microsoft as described in this merchant update underlines Adyen's 
continuous growth with current and new merchants over the years.

SOURCE  Adyen

CONTACT: press@adyen.com
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