Payment service provider PayFort, which is based in the Middle East and North Africa (MENA) region, has changed its name to Amazon Payment Services, a letter from Managing Director Omar Soudodi stated, and it will now offer installment payments.
By offering installment payment options, the company hopes to help people in financial binds make payments more easily, according to the letter.
The company was already Amazon-owned, and Soudodi said in the letter that the new name signals the company will still be a “highly secure online payment service that is easy-to-use and seamlessly integrable,” but will now have the benefit of Amazon’s global reach and other high-tech benefits.
“We’ve built Amazon Payment Services using Amazon technologies that help you monitor payment performance and offer protection against fraud,” Soudodi said in the letter. “We also revamped API documentation to make it more intuitive and listened to feedback from the community of developers we have worked with. We developed a new mechanism to capture your feedback and help us solve for your goals and innovate on your behalf.”
Interested in learning how consumers are paying this holiday season?
The Strawhecker Group (TSG) and the Electronic Transactions Association (ETA) surveyed nearly 1,000 U.S. consumers in November to understand spending habits, payments preferences, and opinions on emerging payment technologies this holiday season.