Canada-based cloud-based platform Peloton Technologies has launched PCI compliant payment links for businesses. Specifically, Peloton Technologies has introduced a new feature to its platform, offering secure, self-generated payment links.

These links are designed to streamline the process of payment collection for businesses, providing simplicity, customisation options, and compliance with Payment Card Industry (PCI) standards. The addition of payment links to the Peloton platform aims to offer businesses a safe and efficient method to collect payments under their own branding, without the need for extensive compliance expenses. Unlike traditional methods, where a link is attached to an invoice, Peloton's solution allows for attaching the invoice directly to the payment link, simplifying the process of sending payment requests via email or text.

In the official press release, representatives from Peloton Technologies emphasised the challenges faced by small and medium-sized enterprises (SMEs) in meeting PCI compliance standards. They brought up Peloton's commitment to providing SMEs with a straightforward and cost-effective tool for secure payment collection, comparable to solutions employed by larger organisations through expensive Enterprise Resource Planning (ERP) systems. Peloton aims to alleviate the complexity and cost associated with maintaining PCI compliance for SMEs, offering an affordable payment collection method that meets stringent security standards.

According to the official press release, the company's main focus is on simplifying payments and improving efficiency for businesses through its comprehensive commerce solution. In essence, the Canadian fintech company enables small to medium-sized businesses to access global markets while minimising the time spent on handling payments. Other developments from Peloton Technologies According to betakit.com, in November 2023, Peloton Technologies secured CAD 2 million in seed funding, just three weeks following its acquisition of KIS Payments.

At the time, dhe company had opted not to disclose the identities of its investors in this latest equity round. However, Peloton's spokesperson emphasised that the investors brought a wealth of expertise across various domains including payments, banking, risk management, compliance, accounting, IT architecture, and securities law. Some of these investors have also assumed roles on Peloton Technologies' advisory board.

Representatives from Peloton Technologies underscored the significance of this capital infusion, highlighting its pivotal role in the startup's acquisition strategy. They also characterised the round as a ‘precursor’ to a larger fundraising effort slated for early 2024. .