LONDON | Barclaycard, one of Europe’s leading payments businesses, announced yesterday that it signed a new partnership agreement to provide full card acquiring services for Digital River World Payments. The agreement will expand Barclaycard’s routes into market and allow Digital River to increase the European credit and debit card processing capabilities of its Payments solution.
Simplifying Taking Card Payments
Tens of thousands of companies - both large and small - use Barclaycard and Digital River to make and take online payments every day. This agreement will simplify the process of taking card payments for many of these companies as they build, manage and grow their businesses, while trading in an increasingly growing global economy.
Cross Border Online Payments
By using Barclaycard’s secure and efficient card processing platform, Digital River World Payments can further enhance its ability to provide cost effective cross border online payments in Europe. Digital River World Payments will act as a single commercial, technical and operational connection.
Reinforcement of Barclaycard's Strategy
Marc Pettican, director of sales and account development at Barclaycard said: “Digital River World Payments is a leading payment service provider and this new relationship reinforces Barclaycard’s strategy of working with key partners to deliver enhanced payment solutions to our customers, and enabling them to achieve their growth aspirations.”
Deliver Greater Value through Full Service Payments Solution
Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments said: “Working with a leading brand like Barclaycard enables us to deliver greater value to our customers as a single partner for transaction processing, settlement and reporting. “Our full-service payments solution simplifies a typically complex payment process for our customers, enabling them to quickly bring their products to market, optimize costs and reduce the number of providers they need to manage their global payments program.”
Barclaycard, part of Barclays Retail and Business Banking, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed. The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.
Key facts published in June 2013:
- - total number of Barclaycard customers: 33.7m
- - total number of Barclaycard clients: 339,200
- - total payments processed: £124bn
Sourced from Barclaycard.