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Montréal, Québec, Canada - Sunday, February 05, 2012 - 13:40

THE FIRST-EVER
INTERNET DIRECT PAYMENT SYSTEM
The origin - It's not a copy, it's 100% authentic ! Last updated on : March 30, 2010


Internet direct payment : Othentik makes ingenious use of the online bill payment option offered by financial institutions. Consumers complete transactions directly through their financial institution, without ever having to disclose banking information (credit or debit card number, PIN, etc.) to the merchant with whom the transaction takes place.

In spring 2000, the founders of Othentik Technologies, Francis Mathieu and Patrick Rioux, invented a revolutionary concept: The first-ever method of direct payment via Internet, HyperPayment.

Steps were immediately taken to patent the process. After extensive meetings with various organizations in the banking, technology and commercial industries, each aspect of the process was quickly validated and improved upon. Throughout that time, our Internet direct payment system was very enthusiastically received, convincing the co-founders of its viability.

For doing all of that, we we're not only two, and it tooks more than a day or two! Othentik, it's almost 10 years and a little over forty investors mainly in Quebec / Canada. Most of these shareholders are seasoned business people from all backgrounds. And also some of our brave small investors who have invested much of their savings because they believe in Othentik. Hard as iron, today as in the beginning, to the legitimacy and the necessity of the payment solution of Othentik. Without neglecting the important contribution of dozens of collaborators and direct supporters of Othentik.

I re-affirms all my recconnaissance to each of them. Thanks to you all, Othentik now is internationally well known.
Friendly and warmly, Group Thanks!


Internet direct payment : visitors from all around the world - E-Wise NACHA OTHENTIK OCTAS
+ some words on Octas, Clic Revenu from Governement of Quebec and ... on the NACHA.

Many Thanks to Google Translation. Most of the original and final texts of this website
are in french and can be found here.



Who, When, How, What ? Why OTHENTIK ?

... « Who is the Asterix who thought of the name "Othentik"? » Asked Mr. Jacques Parizeau, the former prime minister, at one of our first meetings in 2001. Indeed the question was and is important in several respects. This is Francis Mathieu, co-founder / co-inventor, who had enlightenment! ...

... So for these reasons, almost ten years later, Othentik has been and still is the best business name that it was possible to find!




Othentik Paiement direct Internet à la Revanche des NerdZ sur Canal Z INTERNET PAYMENTS IN CANADA AND USA

Indeed the story of Othentik and his debut is full of happy and unhappy surprises! Almost all confidentiality agreements have now expired or are about to be.

Everything, You're going to know everything about the story of Othentik and payment via the Internet in Canada and the United States.

You'll learn so much information about Othentik but also on other Canadian initiatives as HyperWallet, Nvision, Moda, etc ... It will also address some banking projects not always glorious, even if financed by means of tens of millions of dollars, such as Mondex, Certapay and Acxsys, etc ...

TQS Association canadienne des paiements - Othentik Technologies

Similarly, you're going to learn many initiatives, knowledge and relationships with the banking Quebec and Canada, including, among others, the Canadian Payment Association, Interac, Acxsys ... and how to overlook our spectacular introduction into the U.S. market and our passage through the mouth of the wolf, NACHA!

Across North America, in the banking world, Othentik made his mark and, proudly and authentically, marks the history, at least the history of Internet payment!

We are to complete the drafting of a large and imposing structure. The writing is going very well. It is a long and arduous work with delicate delivery will be the least noticed! The period covered: late 1999 to today. This will be a revealing and liberating for us how. So back in the coming weeks for this book captivating, surprising, but how informative!

You want to be sure not to miss this? Click here to send us your email address and we will send an electronic copy of our exciting story when it becomes available.



Credit cards payments via Internet V$ direct payments via Internet VS Online Bill Payments that already exist

2 to 3% - Currently when you pay a $ 100 purchase with a credit card over the Internet merchant pays 2 to $ 3 fee for payment transactions to credit institutions. Of course, ultimately the consumer who pays the costs. For a purchase of $ 200, charges for the transaction is 4 to $ 6. For $ 300, $ 6 to $ 8, etc ... However it does not take more resources to make a transaction of $ 100 or $ 1000. Real taxing! ...

There is no more reason why it costs more to pay an invoice from a web merchant rather than an electricity bill, for example. We can and must now simplify the payment via the Internet. We must see it as a simple and customary "payment of invoices" to its financial institution with a fixed and minimal costs to the transaction.



Fraud by credit card not authenticated

If you have not yet been a victim of theft of your credit card number you probably underestimated the discomfort it causes. Maybe you'll even suspect your children or your friends have copied your card number or your gas station, your grocer, your favorite restaurant?

That assault of being robbed. Especially when it could have been avoided.

Remember, most of the time it is in the physical world that you are stealing your card number to make it then use the Internet among others to play at the casino, watch movies XXX ...

The transmission and receipt of credit card number to Internet merchants or third parties without authentication or password should be declared illegal. Anyone can do well the head in the sand, but there is a very important problem that hinders any development of electronic commerce and for the problem there is a solution for nearly 10 years.



Our Company

OTHENTIK TECHNOLOGIES is a Montreal-based firm specialized in e-commerce. It provides financial institutions, merchants and consumers with a Web-based solution for direct payment that aims to fully meet their needs in terms of the sale and purchase of products and services online.

OTHENTIK’s vision is to become the leader in the field of online payment and make debit the standard means of payment processing via Internet, while promoting the growth and success of its clients.

OTHENTIK hopes that its customers will acknowledge it as the dominant specialized firm in the e-commerce market when it comes to B2B, B2C and P2P direct payment solutions.

At OTHENTIK TECHNOLOGIES, we are committed to the idea that the best solutions are those for which a need is expressed by consumers. By remaining closely attuned to market realities while investing for the future, we are assured of satisfying our customers.

OTHENTIK TECHNOLOGIES is founded on an organizational structure that encourages team spirit and cooperation in a healthy work environment.

The values we transmit to our employees are based on honesty, respect, professionalism and integrity.

Our multidisciplinary team relies on experienced resources who are dedicated to pursuing the OTHENTIK mission. All have proven their worth in their respective fields: e-commerce, banking systems, information systems, technology watch, e-business strategies, and business development.

OTHENTIK ’s long-term growth is guaranteed by this combination of hands-on and management experience.



The Authentic Company

Internet direct payment in the news since 2000
Diagram of a Transaction

Infos - Consumer
Infos - Merchant


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