TantumPay: new Payment Solution with many Features

Feb 24, 2024
Dominik Hurum Tantumpay

Also available in: Deutsch (German)

TantumPay is an anonymous and brand new payment system with very exciting features. In addition to anonymous online payments for end customers, these include the acceptance of SEPA, SEPA Instant, Visa and Mastercard as well as innovative QR code payments with just one click. In addition, TantumPay can be combined with TantumIdent, the innovative age verification tool. This increases conversion with a one-stop solution.

CASZIN spoke to Dominik Hurum, Managing Director of Tantum AG, about these and many other details.

CASZIN:
You emphasise the possibility of anonymous payment for customers as a special feature. Why is this so important?

Dominik Hurum:
Safeguarding privacy and protecting personal data are of the utmost importance, especially in Germany. This is also reflected in the demand for anonymous payment methods, as data sensitivity is a decisive factor for customer trust. Enabling anonymous payments with TantumPay therefore means not only fulfilling a significant customer wish, but also counteracting one of the biggest hurdles in online commerce – the cancellation of purchase transactions due to data protection concerns. With TantumPay, we are offering a solution that feels like “cash on the Internet”, thereby tapping into a new customer group, which ultimately leads to sales growth.

CASZIN:
Tantum AG has received a licence as an “e-Money Institution”. Does this give customers the option of storing their credit in your wallet in a legally secure manner, similar to a prepaid debit card?

Dominik Hurum:
By granting the “e-Money Institution” licence to Tantum AG, our customers actually have the option of storing credit securely in their wallet, comparable to a prepaid debit card. Users can top up their balance via various payment methods and then pay with just one click on the platforms we support. This variety of payment options in a single app makes TantumPay a comprehensive and flexible solution for online payments.

CASZIN:
Another special feature is the identification associated with the payment. Can providers of erotic sites, for example, use an integrated solution consisting of TantumPay and TantumIdent for age verification and payment almost in one step?

Dominik Hurum:
Ja, die Kombination aus TantumPay und TantumIdent ermöglicht es Anbietern, beispielsweise von Erotikseiten, eine integrierte Lösung für Altersverifikation und Zahlung nahezu in einem Schritt anzubieten. TantumIdent ist eine von der Kommission für Jugendmedienschutz (KJM) positiv bewertete Gesamtlösung, die rund um die Uhr verfügbar ist und durch den Einsatz von KI eine schnelle und zuverlässige Identifikation ermöglicht. Die Verbindung dieser Technologie mit unseren Payment-Services erhöht die Conversion-Rate erheblich, da Nutzer mit nur einem Klick sowohl ihre Altersverifikation als auch die Zahlung abschließen können.

CASZIN:
Anyone offering erotic content on the Internet from Germany must install an age rating system that fulfils the requirements of the KJM (Commission for the Protection of Minors in the Media). Across Europe, slightly different requirements have recently been imposed on so-called VLOPs and VLOSEs (Very Long Online Platforms or Search Engines) with more than 45 million monthly users in terms of the protection of minors. Does TantumIdent reconcile both regulations to a certain extent?

Dominik Hurum:
TantumIdent combines the requirements of the KJM in Germany and the more recent Europe-wide requirements for the protection of minors for “Very Large Online Platforms” (VLOPs) and “Very Large Online Search Engines” (VLOSEs) with more than 45 million monthly users. As a regulated e-money institution, we fulfil all regulatory requirements across the EU and, in conjunction with our payment solutions, offer an effective way to increase user conversion by providing a secure and regulatory compliant environment for age verification and payments.

CASZIN:
What is special about TantumIdent, can it be easily integrated by the provider and how time-consuming is the verification process for users?

Dominik Hurum:
TantumIdent is characterised by very simple integration into existing systems, which makes it extremely attractive for providers. The process for the one-time verification of users is not only efficient, but also user-friendly, so that after the initial verification only a confirmation click is required. This ease of use, combined with the high security and reliability of TantumIdent, makes our solution a valuable tool for providers looking to improve both parental control and user experience.

Further information:

Tantum AG
tantumpay.com
info@tantumpay.com

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