CrossPay and First Data Announce Strategic Agreement at GiGse 2014
SAN FRANCISCO, July 15, 2014 /CNW/ -- Bringing ease and convenience to the legalized online gambling market in the U.S. and Canada, First Data, the global leader in payment technology and services solutions, and CrossPay Services, a boutique payment service provider, have partnered to bring the benefits of simple and secure payments to the emerging regulated online and traditional brick and motor gambling industry.
First Data recently launched PayLucky™ Solutions for legalized online and offline gambling and gaming in response to an industry challenged with the need to manage an array of providers offering multiple payment options. The innovative package of comprehensive payment services is offered all in one place and all from one source. Beyond check processing, the solutions suite includes credit cards, open and closed loop prepaid and mobile payments.
"Adding First Data's products to our existing check processing and money transfer services creates an exciting proposition for our clients," said Dickson Jay, chief executive officer, CrossPay Services. "We have an opportunity to capitalize on the growing online market in the U.S. and Canada by providing operators with the most powerful payment options in one simple offering."
As an initial step in this partnership, the companies will offer TeleCheck® solutions to U.S. and Canadian gaming operators including legalized online gaming. The solutions will leverage Telecheck's market-leading capabilities in the areas of warranty, risk management, and ACH settlement. The service helps to protect gaming operators and players with proprietary analysis on individual spending habits and qualifies players through third party validation.
"PayLucky is about innovation and the next wave of payment acceptance for casinos, tribal gaming and online gambling," Jonathan O'Connor, general manager, Online Gambling and Alternative Markets, First Data. "Through our relationship with CrossPay, we will drive innovation and industry change by leveraging depth of expertise and experience from both companies."
"Payments continue to challenge the U.S. online gambling industry and our strategic partnership delivers new solutions to those challenges," said Morden "Cookie" Lazarus, executive chairman, CrossPay Services. "We will also offer new services to the brick and mortar casino market in Canada through this strategic relationship."
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and YouTube.
About CrossPay Services
Headquartered in Montreal and Nevada, CrossPay Services is a boutique payment solutions company which builds industry-leading products and compliments them through powerful strategic partnerships. CrossPay Services specializes in helping businesses develop a competitive advantage through tailored commerce solutions. CrossPay Services works with its clients to optimize every aspect of their commerce, and help them navigate the constantly changing world of payments. CrossPay focuses on excellence in payments and nothing else. For more information on CrossPay Services please call 514-687-9030 or visit www.crosspayservices.com.
SOURCE CrossPay ServicesFor further information: Tania Fini, CrossPay Services, 514-687-9030, email@example.com, Kwiyoung Baumgarten, First Data, 404-890-2713, firstname.lastname@example.org, http://www.crosspayservices.com