MONTREAL, Sept. 11, 2012 /CNW Telbec/ - Optimal Payments (LSE: OPAY), a
leading online payments provider, announced today it will be
integrating into Verifi's patented Cardholder Dispute Resolution
Network (CDRN) platform, allowing merchants using Optimal's NETBANX online payment gateway to effectively manage credit card disputes.
"We are pleased to be able to provide another powerful risk management
tool to our NETBANX merchants, said Martin Leroux, Executive Vice
President Sales and Marketing. At Optimal we offer a wide range of
services that allow our NETBANX merchants to minimize the liability and
costs related to managing online fraud".
Verifi's CDRN platform was developed to specifically address what is
known as "friendly fraud". It establishes a connection between
merchants and card issuers to allow the direct resolution of cardholder
disputes. Integrated directly to the card issuers, the platform's
service automatically resolves customer disputes before they become
chargebacks. For merchants and Issuers this is a fast and efficient
system for reducing the operating expenses and costly risks associated
with chargebacks, and for consumers it ensures they have the best
"Verifi is excited to offer its CDRN service through Optimal," said Tony
Wootton, Chief Revenue Officer at Verifi. "Optimal Payments has been a
valuable partner of ours for many years and were carefully selected as
our first reseller based on their experience, trust factor, and
innovation in the online payments space. We have always been
comfortable referring clients to them for the service they provide, and
their expertise and knowledge of the industry is unmatched. This
partnership will further enhance our mutually beneficial relationship
and merchants will benefit from CDRN's close connection between issuers
and customers while maintaining the direct relationship with Optimal."
For Optimal clients, the CDRN service will be available directly through
NETBANX payment gateway which means merchants will not have to
undertake any additional integration efforts for CDRN. Transaction data
is used to match and resolve cases from any participating card issuer
and merchants are notified of resolved CDRN requests. Additional
comprehensive chargeback reporting is also available through the
NETBANX Back Office suite.
NETBANX, a part of Optimal Payments, is a trusted provider of secure
online payment gateway solutions. Since 1996, thousands of e-commerce,
MOTO, and multi-channel businesses around the world rely on the NETBANX
gateway and services for the payment processing of credit/debit cards,
online direct debit and alternative payments as well as the management
of online payment fraud. The NETBANX gateway is state-of-the art,
geo-redundant and PCI-DSS Level 1 compliant. A robust and flexible
platform, it can be configured or customized to meet the
card-not-present needs of any businesses from local e-commerce websites
to large scale international online businesses.
For more information about NETBANX visit www.netbanx.com.
About Optimal Payments
Optimal Payments is a global provider of online payment solutions.
Trusted by businesses and consumers in over 180 countries to move and
manage billions of dollars each year, merchants use the NETBANX ®
processing service to simplify how they accept and settle credit card,
direct-from-bank, and cash payments; and the NETELLER ® payment account
to increase margins, capture new customers and increase their lifetime
value. Being an independent provider has allowed the company to support
tens-of-thousands merchants around the globe across a wide range of
industries. Optimal Payments Plc is quoted on the London Stock
Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company
NETELLER (UK) Ltd is authorized and regulated as an e-money issuer by
the UK's Financial Services Authority (FSA).
For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed.
Verifi™ is a leading provider of global electronic payment and risk
management solutions for card-not-present merchants. The highly
customizable payment and real-time reporting platform serves as a
foundation for Verifi's suite of fraud solutions and risk management
strategies. With a commitment of reducing risk while increasing
profitability for clients, Verifi's multi-layered approach enables
transaction risk management and mitigation, business optimization
strategies, cardholder authentication and chargeback re-presentment for
all major credit card brands. Verifi is PCI Level 1 certified and
headquartered in Los Angeles, California. For more information on
Verifi, please visit: www.Verifi.com or email us at Info@Verifi.com.
For any questions related to news and announcements please contact:
Rob Banchich, Director of Marketing
SOURCE: Optimal Payments Inc.
For further information:
Carla Erlick, Vice President Sales and Merchant Services
Andrew Gilchrist, EVP Corporate Affairs
+ 44 (0) 1624 698 713