Novalnet AG

Name of the product or service

Payment

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Product or service description

Novalnet is a global leader in payment solutions, offering a fully integrated, AI-driven platform that simplifies and automates the entire payment lifecycle for eCommerce businesses. Our end-to-end solution addresses the complexities of payment processing, from multi-currency transactions and fraud prevention to subscription management and regulatory compliance. By unifying over 150 payment methods and seamlessly integrating with leading eCommerce, ERP, and CRM systems, Novalnet empowers merchants to expand their reach and streamline operations.

The problem we solve is twofold:

Fragmented Payment Ecosystems: eCommerce merchants often struggle with managing multiple payment gateways, fraud tools, and compliance requirements. Novalnet consolidates these services into a single, scalable platform, reducing operational overhead and technical complexity. Customer Conversion Challenges: Payment-related friction is a major cause of cart abandonment. Novalnet optimises the checkout experience with advanced fraud prevention, tokenisation for one-click payments, and localised payment options, ensuring higher conversion rates and improved customer satisfaction. With Novalnet, businesses gain a reliable partner that not only simplifies payments but also drives growth through intelligent insights, automated processes, and unmatched customer support.

Distinction from the competition

Novalnet revolutionises eCommerce with an all-in-one payment platform that simplifies processes, boosts revenue, and drives growth.

Key Benefits:

Comprehensive Payment Ecosystem: Supporting 150+ payment methods, 125 currencies, and 120 countries, Novalnet integrates subscription management, fraud prevention, and compliance tools. With 100+ ready plugins for eCommerce, ERP, and CRM systems like SAP Digital Payments, Salesforce, Magento, and WooCommerce, merchants achieve swift, reliable integration. Global Reach, Local Expertise: Tailored to local payment preferences and languages, ensuring a seamless checkout experience across diverse markets. AI-Driven Optimisation: Advanced AI improves fraud prevention, approval rates, and insights to maximise revenue. Quick Integration: Ready-to-use plugins enable fast implementation, reducing time-to-market. 24/7 Multilingual Support: Exceptional service for merchants and their customers anytime. What Sets Novalnet Apart:

End-to-End Automation: A fully automated platform managing the entire payment lifecycle, unlike competitors offering isolated features. Continuous Innovation: In-house R&D delivers cutting-edge AI fraud detection and real-time analytics. Transparent Pricing: Predictable pricing with no hidden fees optimises payment costs. Simplified Compliance: Built-in support for PSD2, GDPR, and PCI DSS ensures effortless regulation management. By combining advanced technology, local expertise, and a customer-first approach, Novalnet empowers businesses to scale confidently while we handle their payment needs.

Product or service innovations

Novalnet’s Latest Innovations: Redefining Security and Efficiency in Payment Management

Over the past 12 months, Novalnet has launched pioneering solutions to enhance security, compliance, and operational efficiency for merchants worldwide.

  1. PCI-ASV Vulnerability Scan: Simplifying PCI Compliance Novalnet introduced a PCI-ASV Vulnerability Scan solution to streamline PCI DSS compliance and protect merchants from data breaches and penalties. Key features include:

Vulnerability Scans: Regularly identifying and addressing potential security weaknesses to mitigate risks proactively. PCI DSS Assessments: Expert compliance evaluations with tailored recommendations for improvement. Security Consultation: Personalised guidance to develop a robust PCI DSS compliance strategy. PCI DSS Attestation: Support in obtaining certification, demonstrating a commitment to stringent data security standards. This solution empowers merchants to safeguard customer data, prevent security threats, and achieve compliance with ease in today’s challenging cyberthreat landscape. 2. Single Sign-On (SSO): Enhancing Efficiency and Security To improve platform accessibility and security, Novalnet integrated Single Sign-On (SSO) with Microsoft Azure Active Directory. Benefits include:

Simplified Access: Teams log in with a single set of credentials, reducing password management complexities. Enhanced Security: Enterprise-grade protocols ensure secure authentication and access control. Improved Productivity: Uninterrupted access streamlines workflows, boosting operational efficiency. SSO integration combines convenience with robust security, enabling businesses to manage access effortlessly while protecting sensitive data. These innovations underscore Novalnet’s commitment to delivering cutting-edge, merchant-focused solutions, setting new benchmarks for security, compliance, and operational excellence in the payments industry. Vote for us!: https://ecommercegermanyawards.com/vote/244680

Customer case study

Case Study: Optimizing Payment Processes for DA Direkt, Part of Zurich Group Germany

Client Overview: DA Direkt, a leading digital insurance provider under Zurich Group Germany, faced challenges in streamlining its payment processes for a global customer base.

Challenges:

Limited Payment Options: A narrow range of payment methods restricted customer adoption in diverse markets. Integration Complexity: Payment processes with SAP systems were resource-intensive. Regulatory Compliance: Navigating financial regulations across regions posed challenges. User Experience: Fragmented payment journeys impacted satisfaction and conversions. Solution: Novalnet provided a comprehensive payment platform tailored to DA Direkt’s needs:

Global Payment Reach: Support for 150+ payment methods and 125 currencies in 100+ countries. SAP Integration: Pre-built connectors for SAP S/4HANA and SAP Commerce Cloud reduced development time. Regulatory Expertise: Simplified compliance with global and local financial regulations. Streamlined User Experience: Unified checkout processes enhanced customer journeys. Results:

Operational Efficiency: Automated workflows and SAP integration reduced manual efforts. Higher Conversions: Diverse payment methods increased customer adoption and revenue. Global Expansion: Enabled customer acquisition in new markets. Improved Satisfaction: Consistent payment experiences led to higher customer satisfaction. Reduced Risk: Advanced fraud prevention minimized losses and improved security. Client Testimonial: “Novalnet’s payment solution has transformed our operations, improving customer satisfaction and streamlining processes. Their expertise in SAP integration and global payment systems has been key to our success.”

This case highlights Novalnet’s ability to simplify global payment challenges, enabling businesses to scale and succeed.


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