Montréal, Thursday 3rd November, 2011 – Optimal Payments Plc (LSE: OPAY), a leading online payments provider, announces that Dealfind, the largest Canadian-owned group buying site in North America, is now using NETBANX exclusively to process online payments for all its North American business.
Dealfind is Canada’s most visited daily deal site, offering deals in 28 Canadian markets and 21 markets throughout the U.S., with new U.S. markets added monthly. Dealfind started processing transactions in certain markets via Optimal’s NETBANX solution in January 2011 and last month, switched to NETBANX for all its North American transactions.
“The Optimal Payments NETBANX gateway provided Dealfind with an excellent technology solution and sophisticated fraud tools,” said Michael Tulman, CEO and Co-Founder of Dealfind. “We were impressed with NETBANX’s user-friendly back-office and reporting functionality, together with their competitive pricing. The NETBANX team really understood our market – the daily deal space – and approached our payment needs with innovative thinking on how to minimize our risk and increase our conversions.”
Dealfind chose Optimal Payments and its NETBANX payment gateway services to be its exclusive partner and provider of online payment processing based on the reliability and flexibility of its proprietary NETBANX payment gateway. PCI-DSS Level 1 compliant, and geo-redundant running on state-of-the-art technology, the NETBANX payment gateway delivers secure processing of global credit/debit card, online direct debit, Interac Online, and local payment options in 180 different countries. The NETBANX gateway also delivers comprehensive risk management for merchants through its proprietary risk rules engine and extensive fraud screening tools. Easy for merchants to integrate, the NETBANX gateway includes a comprehensive bilingual back-office that provides merchants all the tools they need to manage their customer billing profiles, and obtain real-time reporting.
“The daily deal space presents its own challenges for the processing of payments and management of risk,” said Danny Chazonoff, Chief Operating Officer of Optimal Payments. “We worked closely with Dealfind to find a secure solution that worked for them – and their members – in what we believe is a rapidly growing market.”
About Optimal Payments Plc
Trusted by businesses and consumers in over 180 countries to move and manage billions of dollars each year, Optimal Payments Plc is the leading payments company offering a true alternative to banks and card schemes. Merchants use the NETBANX® processing service to simplify how they accept and settle card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.
Optimal Payments Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company NETELLER (UK) Ltd is authorised and regulated as an e-money issuer by the UK's Financial Services Authority (FSA).
Media and Investor Contacts
Optimal Payments' media relations team can be contacted through the Media Relations Contact page. Relations with the investor and analyst community are managed by Citigate Dewe Rogerson who can be contacted through the Investor Relations Contact page.