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Press Release

CurrentDesk teams up with Praxis Cashier to help brokers increase deposits by up to 20%

Date

Dec 16, 2020

Category

Press Release

CurrentDesk and Praxis Cashier announced the release of their system integration, helping global Forex brokers to increase their deposits by 10-20%.

The collaboration enables Forex brokers across any regulatory jurisdiction to instantly connect their CurrentDesk broker management platform to the Praxis Cashier system, without requiring their own API.

Brokers gain customizable deposit option controls that can be tailored to each individual trader and situation, which connect directly to their fully branded client portal within CurrentDesk. With access to the Praxis ecosystem of over 350 Payment Service Providers (PSP), more than 1000 Alternative Payment Methods (APM) connections and a dedicated Praxis professional services team, each broker can quickly find the right payment option for their traders.

Spreading processing risk across venues, activating cascading smart routing on card payments, and tracking the most successful payment types for each campaign, Praxis demonstrates that merchants working with their system can experience, on average, an increase of deposits by 10-20%. Sometimes, even as soon as within the first four weeks of their engagement.
With the integration continuously supported and updated, including Praxis Cashier’s PCI DSS Level 1 qualification and connections to 3D Secure V2 PSP technology, brokers benefit from constantly secure and up-to-date methods for accepting client deposits.

Travis Dahm, a co-founder of CurrentDesk, mentioned “Our goal is to strategically align with companies such as Praxis to give our customers the tools they need quickly and efficiently. The collaboration helps our clients to remain current in a constantly evolving payment processing industry.”

“We are pleased to announce our cooperation with CurrentDesk and for merchants to take advantage of the swift setup time facilitated by this new integration.” Natalie Agopian, Praxis Senior Business Development Manager stated “Our advanced cashier software and efficiency in integrating new payment solutions will greatly assist brokers in their business needs.”

About CurrentDesk

CurrentDesk develops innovative software solutions to support brokerage and trading operations. Their solutions tactically reduce workloads, streamline processes, and increase efficiency. The firm’s integrated back-office and CRM solution has been deployed by brokers throughout the world, receiving overwhelmingly positive feedback

About Praxis Cashier

Praxis Cashier is a leading global payment technology with extensive experience in online businesses such as fintech, online gaming, e-commerce, and more. With offices in Spain, Cyprus and Ukraine Praxis offers smart cashier software designed to overcome high-risk processing challenges and increase business transaction approval rates. Praxis acts as a technical connector between Payment Service Providers (PSPs) and business owners/merchants, providing data handling for all incoming and outgoing payments, but does not process the financial payments themselves. Praxis is integrated with over 300 payment solutions, representing one of the most comprehensive, highly-secure, PCI DSS Level 1-compliant platforms on the market.

Services are integration and data transfer only and do not include transaction processing