Custom online payment and fraud-management solution allows leading fashion retailer to capitalize on online shopping movement as part of ongoing global expansion
LONDON, MONTREAL and NEW YORK, May 7, 2014 /CNW Telbec/ - Optimal Payments (LSE AIM: OPAY), a leading global online payment solutions provider, has been selected by leading Canadian fashion retailer Groupe Dynamite Inc. to provide a broad array of online payment and fraud prevention services for its Dynamite® and Garage® websites in Canada and the U.S.
Utilizing its NETBANX® payment platform and services, Optimal Payments developed a single-source custom solution allowing Groupe Dynamite Inc. to deliver its customers a consistent brand experience across its many markets. The platform protects the well-known and respected fashion retailer and its clients from fraud and potential security breaches.
"We are pleased to have been selected by Groupe Dynamite Inc. to support its international ecommerce expansion," said Danny Chazonoff, chief operating officer, Optimal Payments. "Our custom solution offers Groupe Dynamite Inc. the global online payment functionality and fraud management tools for expanding their online presence and reaching new markets."
Optimal Payments enjoys a strong reputation for providing end-to-end solutions with robust fraud management capabilities for major retailers across the globe. It developed a customized risk and fraud management solution for both the Dynamite and Garage websites. This includes its proprietary Risk Rules Engine (RRE) with custom fraud-monitoring rules and parameters; the ability to hold payments for review; and tokenization to which securely stores cardholder data for customers making repeat purchases. All of these risk-management tools ensure Groupe Dynamite Inc. maintains its PCI DSS compliance while minimizing losses from fraud and chargebacks.
Optimal Payments' payment processing capabilities coupled with its established relationships with global acquiring banks make the company poised to support all retailers seeking to expand their ecommerce offering internationally, efficiently and securely.
About Groupe Dynamite Inc.
Groupe Dynamite Inc. is a Montreal-based company with two brands at the heart of its success, Garage and Dynamite. They operate more than 300 stores in Canada and worldwide and employ close to 5,000 people. They have their roots planted firmly in the terrain of fashion's retail landscape. Acting as a Canadian leader among the international brand landscape, both Garage & Dynamite continue to thrive in an ever-crowded marketplace. Their passionate team continues to lead expansion of the business in new markets, including e-commerce while always leveraging our shared values.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored-value offering to make secure and convenient payments. Optimal Payments Plc is quoted on the London Stock Exchange's AIM, 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).
SOURCE: Optimal Payments Plc.
For further information: Head of Investor Relations, Jessica Stalley, Optimal Payments Plc, + 44 207 182 1707, [email protected]; Media Contacts - United Kingdom: Caroline Merrell/Shelly Chadda/Georgia Colkin, Citigate Dewe Rogerson, + 44 207 638 9571 / +44 785 221 0329, [email protected]; Media Contacts - Canada: Erin Cudmore, Zenergy Communications, +1 416-591-5461, [email protected]; Media Contacts - United States: Richard Anderson/Emily Simmons, Feintuch Communications, +1 718-986-1596 / +1 212-808-4904, [email protected]