LONDON | SafeCharge today announced 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.
'Reduce direct acquiring costs'
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.”
The SafeCharge group is a global provider of payments service, risk management and IT solutions for online businesses. The 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. SafeCharge International Group Limited is listed on the London Stock Exchange AIM market (AIM: 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.