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PAYPLUG LABS

Next generation online payments and fraud detection API for European SMEs

Total Cost €

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EC-Contrib. €

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Partnership

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Project "PAYPLUG LABS" data sheet

The following table provides information about the project.

Coordinator
PAYPLUG 

Organization address
address: 23-25 RUE JEAN JACQUES ROUSSEAU
city: PARIS
postcode: 75001
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country France [FR]
 Project website http://www.payplug.com
 Total cost 2˙977˙725 €
 EC max contribution 1˙750˙000 € (59%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2014
 Funding Scheme SME-2
 Starting year 2015
 Duration (year-month-day) from 2015-06-01   to  2017-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PAYPLUG FR (PARIS) coordinator 1˙750˙000.00

Map

 Project objective

The European e-commerce market is growing fast, but the complexity of setting up online payments and the concerns about credit card fraud still represent significant barriers that prevent many SMEs from trading online. Indeed, the EU’s target for 33% of SMEs to be selling online by 2015 is far from being met (only 14% in 2013).

PayPlug Labs aims to offer SMEs a next generation payment system that will reduce software integration costs thanks to a state-of-the-art REST API, and provide low-touch fraud protection thanks to modern statistical algorithms and machine learning.

The project fills the gap between traditional online payment solutions, that require expensive integration efforts, and e-wallet solutions. Additionally, existing fraud detection systems are commercialised separately and rely on dated “rule-based” technologies implying prohibitive set up costs for SMEs.

The project will be led by PayPlug, a company created in 2012 that has developed an easy-to-install online payment “plugin” for micro-enterprises. The company is composed of a talented management team with a strong background (Google, Harvard, Polytechnique), and a high-profile advisory board. The company has attracted 1.4M€ of private investment and employs 10 full-time employees.

 Deliverables

List of deliverables.
Publication of White Paper on Online Payments and Security Websites, patent fillings, videos etc. 2019-05-30 12:05:18

Take a look to the deliverables list in detail:  detailed list of PAYPLUG LABS deliverables.

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The information about "PAYPLUG LABS" are provided by the European Opendata Portal: CORDIS opendata.

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