Canadian fashion retail brand selects Optimal Payments for online
LONDON, UK, Nov. 13, 2013 /CNW Telbec/ - Optimal Payments Plc (AIM:
OPAY) ("Optimal Payments"), a leading global online payments provider,
today announces that ShoeMe.ca, a fast growing Canadian online shoe
retailer, has exclusively selected the Optimal Payments' NETBANX
service to accept payments and reduce fraud.
"We chose Optimal for its long-standing track record and reputation in
payment processing and particularly fraud management in the retail
sector," said Sean Clark, CEO of Shoeme.ca. "Optimal's experienced
risk management team identified our fraud patterns and customised
NETBANX so that our fraud was reduced by more than 90%, significantly
decreasing product losses and operational costs."
The NETBANX payment service uses embedded real-time risk management
technology and a proprietary Risk Engine, to capture fraud in real time
and to stop or hold orders without impacting legitimate transactions or
the user experience at checkout. During implementation Optimal Payments
staff analysed the fraud patterns that Shoeme.ca were experiencing to
configure the service to significantly reduce fraud. When fraud occurs
not only does the merchant lose the transaction funds, but banks apply
chargeback fees and the value of the shipped items is lost.
"We are pleased to have been chosen by ShoeMe.ca as their payment
partner," says Martin Leroux, Chief Business Development Officer at
Optimal Payments. "Since 1996 we've an unparalleled track record of
helping merchants accept safe payments from around the world and we
look forward to helping ShoeMe.ca continue to expand their business
Retailing over 100 brands and featuring express shipping and a 100-day
no quibble free return policy, Shoeme.ca has grown to be Canada's
leading pure-play online shoe retail store. The company was established
in 2012 and is based in Vancouver. ShoeMe.ca are on the web at www.shoeme.ca and Twitter at @ShoeMeCA.
About Optimal Payments' NETBANX®
Since 1996 tens-of-thousands of businesses have relied on the NETBANX
service to allow them to accept credit/debit cards, bank debits and
alternative payments from around the corner or around the world.
Delivered from the cloud, the white-label service processes over $8
billion a year and includes merchant accounts, a secure payment
gateway, multi-channel acceptance, configurable fraud rules, and
customer account management. Transaction certainly is maintained at
all times by comprehensive risk services, geo-redundant data-centres
and PCI-DSS Level 1 certification.
For more information visit www.netbanx.com or follow on Twitter @NETBANXServices.
About Optimal Payments PLC
Optimal Payments is a global provider of online payment solutions.
Trusted by businesses and consumers in over 200 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 service
to increase margins, capture new customers and increase their lifetime
value. Being an independent provider has allowed the company to support
tens-of-thousands of 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
Optimal Payments Ltd is authorised and regulated as an e-money issuer
by the UK's Financial Conduct Authority (FRN: 900015).
For more information on Optimal Payments visit www.optimalpayments.com
or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
Image with caption: "Optimal Payments Plc (CNW Group/Optimal Payments Plc.)". Image available at: http://photos.newswire.ca/images/download/20131113_C5804_PHOTO_EN_33162.jpg
SOURCE: Optimal Payments Plc.
For further information:
For further information contact:
Optimal Payments PLC
Sales: North America
Martin Leroux (email@example.com) +1 514 380 2717
Media Relations: Citigate Dewe Rogerson
Caroline Merrell / Nicola Swift / Priscilla Garcia + 44 (0) 207 638 9571
Jessica Stalley +44 (0) 207 182 1707