News from the Wire

Payscout aligns with Europe’s Secure Trading Financial Services

Friday, April 17, 2015 — 12:14:18 (EDT)

Los Angeles, April 16, 2015 -- Payscout, a U.S. global merchant services provider (MSP) and payment service provider (PSP) announced its fourth European partnership with the acquiring service provider, Secure Trading Financial Services (STFS). A fully regulated, European provider of end-to-end acquiring services, STFS will enable Payscout to extend payment gateway services into the region, and offer its merchants the ability to operate in the European market for the first time. Additionally, the STFS alliance will offer Payscout merchants a series of value added services, including exceptionally quick and efficient application approvals for merchants who wish to process online sales from European customers.

“It is my pleasure to announce Payscout Inc. is now a registered ISO partner of Secured Trading,” said Cleveland Brown, CEO of Payscout. “Payscout's mission is to support the entrepreneurial dream one transaction at a time and we have now expanded into our fourth partnership in Europe which gives our clients enhanced global processing coverage. Secured Trading is known for their strength in providing technology and security to complex industries, and this partnership offers strong support for our mission.”

Based in the U.S., with an established footprint throughout Latin America, the Caribbean and Asia-Pacific, Payscout is expanding its global e-commerce and card-not-present services into Europe and offering full risk PSP services through the STFS partnership. The alliance affords existing and prospective Payscout merchant customers with an avenue for extending business services into various European markets.

Along with access to optimal, end-to-end European acquiring services, Payscout merchants will have the benefits of the STFS self-management portal, convenient tools for viewing transaction activity and producing comprehensive transaction reports, a suite of risk management services, and flexible settlement terms. STFS also offers a unique paperless application and onboarding process, enabling approved merchants to begin selling online in a short turn-around time period.

“Our partnership with Payscout is a great example of the value we can add to payment gateways, in this case helping them reach new frontiers,” said Mike Norton, STFS Managing Director, “We’re offering a standard of service that’s currently not available on the market – getting merchants up and running in a fraction of the time of our competitors. It’s a very compelling proposition for our partners and their merchants. With the bespoke technical connectivity we have built within the STFS system, linking up with us couldn’t be simpler, and we’re excited about expanding our partnership with Payscout.”

About Payscout:

“Payscout Supports the Entrepreneurial Dream One Transaction at a Time.”

Payscout is a global merchant service provider (MSP) and payment service provider (PSP) with tier-one bank sponsorships in the United States, Latin America, Caribbean, Asia-Pacific and Europe. Serving small to medium businesses (SMBs) and enterprise companies alike, Payscout offers payment processing solutions for brick-and-mortar and eCommerce transactions. The company has earned acclaim as a new-generation provider of merchant banking services, specializing in online/eCommerce retailers with a predominant proportion of card-not-present (CNP) transactions; and it is one of the few providers to deliver a true global payment solution that encompasses all merchant risk verticals. Customers can access Payscout’s credit card processing services via a state-of-the-art, web-based user portal and through direct interactions with highly trained experts. In addition to supporting thousands of clients across a multitude of industries and all 50 states, Payscout maintains global partnerships with VISA USA, Bank of America Merchant Services, VISA Europe, VISA Latin America, VISA Asia Pacific, MasterCard Worldwide, China Union Pay, Deutsche Bank, First Data and Payscout Brazil. Payscout was recognized as one of America’s fastest-growing privately held companies in 2014, ranking #2,416 on Inc. magazine’s Inc. 5000 list. Within the financial services industry, Payscout placed #140 nationally and #24 in California. For more information, visit www.payscout.com .

About Secure Trading Financial Services

Launched in 2014 as part of the UC Group of companies, Secure Trading Financial Services Ltd (STFS) is a new kind of acquirer. STFS is focused on speed and simplicity for its merchants – it offers a full cross boarder acquiring service across Europe and, with its unique paperless application process, it can board merchants in a quick and efficient manner and get them live within just 48 hours. This coupled with STFS’s unique PCI DSS portal to enable its merchants to complete their self-assessment online, offers merchants all the speed and security they are looking for from their payment providers.

Secure Trading Financial Services Ltd is a Financial Institution licensed by the Malta Financial Services Authority (“MFSA”) and also a Principle Member of Visa and MasterCard, enabling it to deliver an end-to-end acquiring service across Europe.

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Source: Company press release.