26 Aug 2014 07:00
SafeCharge International Group Limited
("SafeCharge" or the "Company")
SafeCharge granted VISA Europe principal membership status
SafeCharge (AIM: SCH), the international provider of payments services, risk management and IT solutions for online businesses, today announces it has been granted principal membership status for merchant acquiring by VISA Europe.
The VISA agreement complements the Company's membership of MasterCard Europe, which was granted in December 2013, and allows SafeCharge to directly acquire and process Visa and MasterCard transactions for merchants in the UK and across Europe. The membership status will reduce the Company's direct acquiring cost structure, accelerate the merchant acquisition process and improve its competitive position for winning new business.
David Avgi, CEO of SafeCharge commented:
"Principal Membership of both VISA Europe and MasterCard Europe is a major milestone for SafeCharge and a key part of our strategy to position the Company as a leading player in on-line payments. The membership has been granted following a thorough due-diligence process and serves as a stamp of approval for the quality and transparency of our technologies and services. I am proud of this achievement and look forward to working as a member of the schemes and the benefits this will bring."
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For more information
SafeCharge International Group Limited David Avgi, Chief Executive Officer Tim Mickley, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 7861 3232 |
Shore Capital Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman | +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments service, risk management and IT solutions for online businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). SafeCharge Limited, a wholly owned subsidiary of SafeCharge, is an authorised Payment institution regulated by the Central Bank of Cyprus (CBC). The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria. www.safecharge.com