Services
PAYMENT SERVICES
KORTA PAY is a Payment Service Provider and operates in the field of acquiring and payment services. The company maintains a high standard of safety while offering competitive terms to its customer.
ACQUIRING SERVICES
KORTA PAY handles the complete payment service and acquiring process for VISA and MasterCard transactions. KORTA PAY handles technical setups and connections, authorizations, data delivery, merchant service, billing and settlements.
POS & ONLINE PAYMENTS
KORTA PAY partners with Verifone in order to supply the merchant with suitable POS terminals and maintenance service. Online payments are simple and convenient through either the KORTA PAY Payment Gateway connection or the readily available KORTA PAY WebPayments i-frame solution.
CARD STORAGE & RECURRING PAYMENTS SYSTEM
Merchants are able to register and charge recurring payments from their customers’ credit cards in a simple and easy manner. Recurring payments can be made with different intervals and with or without a final date.
Security
DATA SECURITY STANDARD
Payment Card Industry Data Security Standard, or PCI DSS, is a security standard applied by Visa International and MasterCard International. The PCI security standard provides a strict framework to ensure that companies handling credit card data fulfill all aspects of data security process. KORTA PAY was the first Icelandic company to receive an onsite PCI DSS certification in 2005 and the certification has been renewed annually ever since. KORTA PAY supports Verified by VISA and MasterCard Secure Code.
 
In cooperation with selected partners, KORTA PAY offers acquiring services all over Europe.
About us
KORTA PAY was established in June 2002 and its founders are experienced in the development of debit- and credit card acquiring services in Iceland. KORTA PAY is licenced as a payment institution by the Icelandic Financial Supervisory Authority and is a principal member of MasterCard International and Visa Europe. Today, the company services approximately 20% of Icelandic merchants.
The managers
Jóhannes I. Kolbeinsson
CEO
Anna Reynis
CFO
Bjarni Þór Sigurðsson
Director of Sales & Services
Gunnar M. Gunnarsson
CTO
Contact us
If you have any questions, comments or concerns please feel free to contact us. We will respond as soon as possible.