TORONTO, Dec. 2, 2014 /CNW/ - Home Trust, a wholly owned subsidiary of Home Capital Group Inc. (TSX: HCG), today announced that it has extended sponsorship to Payvision for the Canadian market. Home Trust, a federally regulated Canadian financial institution, and Payvision, one of the fastest-growing Global Acquiring networks, have teamed up to offer Payvision's Canadian, US and international payment service providers, online merchants, independent sales organizations and acquirers with a great opportunity for international growth through a robust local payment processing solution focused on both domestic and global needs.
Home Trust and PsiGate, also a wholly owned subsidiary of Home Capital and specializing in eCommerce and card-not-present payment solutions, welcome Payvision to Canada and are excited about the international reach provided by being connected to one global acquiring platform. This agreement gives Home Trust access to Payvision's cross-border ecommerce community, industry knowledge and network of global acquirers.
With its world-class international processing platform, Payvision can support Home Trust's merchants with multi-currency processing, helping them to expand their geographical footprint. Canadian online merchants can now benefit from a single API integration of domestic and international processing on one global acquiring platform, enabling full control all of the business they do in any country or region in the world.
"Home Trust is excited about the international potential of this relationship," said Martin Reid, President, Home Trust Company. "With the global capabilities offered by Payvision, Home Trust and PSiGate are able to help our Canadian online merchants expand internationally."
"The Canadian market is an online-savvy marketplace that requires tier-one processing solutions with a focus on cross-border payments," said Rudolf Booker, CEO and founder, Payvision. "Being in Canada provides us with a tremendous opportunity to build on our mission of connecting cultures through cross-border commerce, and working with Home Trust helped outline detailed requirements and market expectations, and provided great insight into the Canadian landscape."
About Home Capital and Home Trust
Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba. For more information, please visit www.hometrust.ca.
PSiGate is a wholly owned subsidiary of Home Capital Group Inc., specializing in online and card-not-present payments in the Canadian market. PSiGate offers fast, secure, and reliable payment gateway services, including real time reporting and configurable fraud tools. In addition, PSiGate offers Canadian and US dollar merchant accounts and a variety of value added solutions including virtual terminal and mobile solutions. For more information, please visit www.psigate.com.
Payvision is an independent Payment Solution Provider specialized in Global Card Payments for the ecommerce market. Payvision offers acquiring Banks, agents, Payment Service Providers, ISO, MSPs and their merchants a secure PCI DSS compliant, PSD Licensed international payment processing network enhanced with innovative technology. Over the past decade, Payvision has consistently expanded its geographical footprint in over 40 countries with offices in New York, Utah, San Francisco, Madrid, Paris, London, Cologne, Toronto, Singapore, Tokyo, Hong Kong, Macau, and Auckland, resulting in vast knowledge and insight in the complexity of Card Payments and ecommerce. Payvision provides its customers 24/7 Support, 150+ transaction currencies and regional card settlement currencies, a high-end reporting interface and a solid risk management solution. Payvision's experience in the different international regions has resulted in a global network of global acquiring banks, connecting over 300 trusted business partners with more than 5000 web merchants worldwide, for which we process over 100 million transactions a year. For more information about Payvision, please visit www.payvision.com.
SOURCE: Home Capital Group Inc.
For further information: Gerald M. Soloway, CEO, or Martin Reid, President, 416-360-4663, www.hometrust.ca