|By Marketwired .||
|June 18, 2014 08:00 AM EDT||
MONTREAL, QC and NEW YORK, NY and LONDON, UNITED KINGDOM -- (Marketwired) -- 06/18/14 -- Ingenicard America Inc., a provider of international electronic cash cards, announced a new partnership today with Payza to utilize its Payza as a Platform technology to establish online services in the U.S.
Ingenicard's electronic cash card works in much the same way as a prepaid/prefunded card. It is currently accepted by merchants and used by consumers throughout the U.S. The card is accepted at over 327,000 ATMs in the US and 1,000,000 ATMs worldwide. Unlike traditional debit cards, Ingenicard's electronic cash card operates over a secure private network, allowing purchases at stores participating in the private network. Consumers can also send money instantly across the network.
Payza, through its online secure payment platform, allows consumers to instantly send funds, receive funds, and make payments. Merchants and businesses can take advantage of features such as Mass Pay for corporate disbursements, Email Invoices and Instant Payment Notifications (IPNs). This new partnership will give U.S. Ingenicard members access to over 75,000 online merchants and 10 million consumers in over 190 countries.
"Payza has one of the largest merchant and consumer user bases in the world," said Ali Nizameddine, Payza's Executive Vice President of Product and Technology. "The partnership with Ingenicard gives Ingenicard consumers immediate access to a global market, and offers yet another way for Payza's current consumers and merchants to benefit from the huge U.S. market. It also expands the availability of our processing service in the United States."
Ingenicard's U.S. merchants will benefit from the versatility, support and security of the Payza platform. It offers integration support for popular third party shopping carts including ZenCart, OSCommerce, WHMC, and OpenCart. Merchants can also give their customers the option to store their details at the payment step to provide faster repeat checkouts.
In addition, U.S. merchants will benefit from Payza's Resolution Center, supported by a dedicated team of resolution specialists. The Resolution Center helps to reduce chargebacks by assisting in resolving disputes swiftly.
The Payza platform is SSL encrypted and has PCI DSS Level 1 Compliance. Combined with Payza's proprietary Fraud Matrix system the platform assures the highest level of security in the industry.
Payza is a leading online payments technology platform used by licensed entities around the world. Payza's highly secure platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With millions of members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and the company's blog.
Clarity Communications for Payza