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Ogone Payment Services announces remarkable growth figures

BRUSSELS - Ogone Payment Services has grown substantially in the past year and is aiming for over 40% growth in turnover by the end of this year. In 2011, the company completed transactions representing a cumulated amount of 12.3 billion Euro, an increase of 43% on 2010. Furthermore, analysing only January and February 2012, there is a 45% increase in cumulative amount based on the same months last year. In 2012, the monthly run-rate is in excess of 1.25bn EURO. In addition, 2011 has been a year of geographic expansion for Ogone with its opening of a US office and its acquisition of EBS in India.

Ogone now boasts 35,000 customers in over 45 countries, representing a 25% increase in the number of customers compared to this time last year. The company has also expanded its certified links with banks and acquirers and is now connected to more than 200 internationally which allows Ogone to offer over 80 payment methods in Europe, Asia, Latin America and the Middle East.

In addition, external auditing confirms Ogone’s compliance with level 1 PCI DSS (Payment Card Industry Data Security Standard), the highest level of security compliance. This confirms Ogone’s secure data handling, transmission and processing. Level 1 certification is required by all service providers, third party processors, payment gateways, and other organisations that store, transmit, or process payment card information on behalf of financial institutions, payment brands, or merchants and which handle over 300,000 transactions per year. Ogone was required to demonstrate compliance through an independent audit of its physical security measures, IT environment and information security policies and procedures.

This is the ninth consecutive year that Ogone has been able to announce this top security compliance. This, coupled with Ogone’s increased workforce of 100 employees in India, due to the acquisition, and its expanding office in Europe which is currently looking to recruit a further 70 people to join its 130 strong team and a further 50 to join the team in India, making a 350 strong global team by the end of 2012, represents Ogone’s commitment to continued growth and levels of customer service.

Peter De Caluwe, CEO of Ogone commented: “We’re very excited about the growth and direction of Ogone right now. We’re growing fast but we remain committed to offering the best levels of service to our customers during this time. Personal data remains a huge issue both to companies and their customers. We must do whatever we can to make customers feel safe when purchasing online – this is in everyone’s best interest.” He continued, “One of the ways we help merchants to ensure the safety of their customers’ data is to offer merchants the ability to store customer data on Ogone’s servers in order to reduce the need for investment in their own systems. This makes PCI-DSS accreditation of the highest level critical to our business and our customers and we’re very pleased to have been awarded this level of compliance for the ninth consecutive year.”

Certification of Ogone’s data security standards was conducted by NTT Security (Qualified Security Assessor QSA), a fully independent and certified provider of information security and compliance auditing.

PCI DSS is the payment card industry security requirement for entities (merchants and service providers) that store, process or transmit cardholder data. The standard is rigorous and has been endorsed by all major card brands including Visa Inc., MasterCard Worldwide, American Express, Discover Network, and JCB.

 

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