By using Adyen, Monarch will implement dynamic switching of card volumes between acquiring banks and rationalise the number of merchant accounts it operates. In addition, Monarch will also gain access to a payment platform with connections to over 87 acquiring partners worldwide and also reporting and reconciliation capabilities, risk management, conversion analytics and automated refund/chargeback service tools.
Adyen supports all relevant sales channels, including online, mobile and POS, and can process over 200 different payment methods, 187 transaction currencies and 14 settlement currencies used across six continents. Adyen works with many global customers including SoundCloud, Getty Images, Benetton, KLM, PopCap Games, Greenpeace and Vodafone.
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