SOURCE: Cotendo


January 25, 2010 00:01 ET

Payoneer Selects Cotendo CDN Suite to Accelerate Access to Its Online Payments Network

Cotendo's CDN and Site Acceleration Suite Speeds Up Web Services to Hundreds of Thousands of Payees Worldwide, Reduces Website Access Times by Up to 75%, and Significantly Lowers Customer Support Costs

SUNNYVALE, CA--(Marketwire - January 25, 2010) - Cotendo, a content delivery network (CDN) and site acceleration services provider, today announced that Payoneer, a leading global payments solution company, has chosen the Cotendo CDN and Site Acceleration Suite to improve the performance of its worldwide payments platform. Performance gains included a 75% decrease in Website access times in some geographical locations resulting in significant increases in worldwide customer satisfaction.

Payoneer operates an online payments platform that provides its partners with an efficient method to pay individuals virtually anywhere in the world. Payoneer's customers include affiliate networks, content providers, direct sellers, market researchers, payroll providers, clinical researchers and others. Payoneer offers reloadable prepaid cards on behalf of its global partners. These companies then use Payoneer's Web interface to load the cards when payments are due. Payees use the Web interface to manage and monitor their card accounts.

Payoneer's Website consistently experiences heavy traffic as evidenced by its recent Alexa ranking of 9,355. The company faced two challenges: high concentrations of traffic from regions with well developed broadband networks like the United States and Europe; and bottlenecks in regions where users do not have the luxury of high-speed Internet connections. One of Payoneer's top priorities was to overcome these challenges, delivering a fast, easy-to-use Web interface to its customers, regardless of location. The Cotendo CDN and Site Acceleration Suite -- with its whole site acceleration of static, dynamic, and secure content -- was ideally suited to meet the global demands of Payoneer's business.

According to Yuval Tal, Payoneer's CEO, the Cotendo Site Acceleration Suite stood out from competing solutions in its ability to accelerate secure content. "As a financial services provider, secure transactions and speed are critical to our business," he said. "Cotendo's SSL acceleration technology really impressed us, and we felt it was clearly the best solution out there."

Tal commented that Cotendo's unified platform provided speedy implementation and simplified ongoing content management. "We didn't need to make any changes to our website to deliver content over Cotendo's CDN. With any other CDN, we would have had to change HTML code and make other modifications. The implementation could not have been more straightforward."

Payoneer is using Cotendo's CDN Balancer to optimize content delivery in different geographic locations. Dynamic Site Acceleration is used for accelerating non-cacheable, dynamic content. The suite also includes a real-time reporting platform for monitoring user activity. "Having real-time data is extremely valuable for us because it enables us to make instant decisions on regional activity." Tal said.

Payoneer achieved immediate and significant performance improvements upon implementation of the Cotendo CDN and Site Acceleration Suite. According to Tal, in some geographical regions, access times have been reduced by as much as 75%. "The improvements in our website performance have had a direct -- very positive -- effect on a massive international customer base." he said.

The Cotendo CDN and Site Acceleration Suite has proven to be a highly economical content delivery solution for Payoneer, from both a price and a cost savings perspective. "Since implementing the CDN, we have significantly reduced our customer service and R&D costs."

"Accelerated content delivery is making a huge difference for users of the Payoneer payments platform," said Ronni Zehavi, Cotendo's CEO. "Together, Payoneer and Cotendo are giving customers around the world unprecedented access to earnings and transaction information. The result is good business for Payoneer's customers and a great experience for their payees."

To learn more about Cotendo's CDN and Site Acceleration Suite please visit

About Payoneer, Inc.

Founded in 2005, Payoneer Inc. provides fully hosted prepaid MasterCard® card solutions for organizations that need to remit payments to remote, dispersed populations worldwide. Payoneer's turnkey prepaid card platform enables companies of all sizes to optimize their payments delivery by replacing traditional payment methods with prepaid MasterCard cards and recurring electronic transactions. Payoneer is a registered MSP with MasterCard Worldwide and an approved partner of Meta Payment Systems®, a division of MetaBank. Payoneer is headquartered in New York and maintains its R&D center in Tel Aviv, Israel. Payoneer is privately held with venture funding from Carmel Ventures, Greylock Partners and Crossbar Capital. For more information, please visit

About MetaBank™

MetaBank is a federally-chartered savings bank regulated by the Office of Thrift Supervision. Meta Financial Group, Inc.® is the holding company for MetaBank, Meta Payment Systems®, and Meta Trust Company®. For more information visit Prepaid MasterCard cards are issued by MetaBank pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.

About Cotendo

Cotendo is a CDN and site acceleration services provider and an innovator of software-focused site acceleration technologies. Cotendo's full suite of CDN and site acceleration services is addressing an important unmet need that Internet content and web application providers have for application-level flexibility and sophisticated management of performance and cost. Cotendo is led by experts in intelligent content management and content delivery networks. Founded in 2008, Cotendo is funded by Sequoia Capital and Benchmark Capital. The company is headquartered in Sunnyvale, California with R&D based in Israel. For more information about Cotendo and its Site Acceleration Suite, visit

Contact Information