SafetyPay Welcomes Colombia to Their International E-Commerce Payment Solution

Originally posted on PRWeb.com http://www.prweb.com/releases/2013/8/prweb11015074.htm

SafetyPay™, the real time online-banking payment solution that enables consumers to shop from merchants worldwide and pay directly from their bank account in their local currency, today announced the availability of the service to Colombian consumers and merchants. Over 85% of banked customers in Colombia can shop online securely and seamlessly from local and international merchants.

“Millions of consumers across Latin America already have access to SafetyPay and use the service to purchase from our merchants in their own countries, as well as USA, Canada and Europe,” said Gustavo Ruiz, General Manager of SafetyPay, Latin America. “Not only does this offer Colombian consumers the same global access, but it provides them the safest online payment solution in the world since they never enter personal or financial data outside of the online banking system.”

Additionally, Colombian merchants will now be able to reach over 300 hundred million consumers worldwide with access to SafetyPay. Though global consumers will have the option to pay in their own currencies, Colombian merchants will be paid in Colombian pesos. They will also benefit from guaranteed payments, low transaction costs, mitigated fraud and no chargebacks.

Colombian merchants can connect to SafetyPay directly or through one of the company’s local and international Payment Service Provider (PSP) gateway partners.

About SafetyPay
SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, pay-outs and promotions. To learn more about SafetyPay, visit http://www.safetypay.com.

SafetyPay Mourns the Loss of President and Chief Executive Officer Manuel Montero

Originally posted on PRWeb.com http://www.prweb.com/releases/2013/8/prweb11003460.htm

SafetyPay™ announced that Manuel Montero, President and Chief Executive Officer, passed away yesterday after suffering a heart arrhythmia two weeks ago while on vacation in Europe. Mr. Montero was 67 years old.

“Our company has lost a talented, dedicated and passionate leader who made an indelible mark on the lives of his colleagues, family and friends, and we are deeply saddened by his death,” said Don Layden, a member of the Board of Directors of SafetyPay. “Manuel was a gifted and intelligent executive who not only founded and led the growth of SafetyPay, but acted as a respected mentor and inspiration to his team.”

Don Layden has been appointed interim CEO by the SafetyPay Board of Directors, which has commenced a search for a new CEO.

Prior to founding SafetyPay in 2007, Montero held numerous high level and executive positions within technology and financial organizations around the world. He served as chairman and CEO of Fiera.com, Inc., Latin America’s leading online and catalog retailer and was chairman and CEO for TNT Logistics in Spain and Portugal. Montero was a managing partner of Roland Berger, Europe’s leading management consulting firm and Deutsche Bank affiliate. He also worked as general manager of American Express Spain and Division Vice President of American Express, where he was responsible for the launch of the company’s Latin American business.

Montero leaves behind a wife, three children and two grandchildren.

About SafetyPay

SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, pay-outs and promotions. To learn more about SafetyPay, visit http://www.safetypay.com.

 

Reports of New Social Game Notifications

Recently, there have been reports of Facebook users seeing notifications about their friends playing certain games or apps. These notifications are not requests from the games, but from Facebook. This is Facebook’s testing initiative to re-engage past game players to their long, lost forgotten social apps, as well as encourage new users to discover new games. These new notifications will include a “Play Now” call-to-action, as previously seen in the “Games You May Like” side modules.

Facebook has been known to test new sidebar modules to promote the discovery of new games, but this new method will be more prominent since it will be at the top of the Facebook Page with the red notification icon.

For the time being, it seems like these testings are limited to a small group of users for the sake of gathering data before implementing these features more broadly.

 

Read more about the reporting here: http://www.insidefacebook.com/2012/06/11/facebook-tries-promoting-games-with-…

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How Airline Companies are Overcoming Online Payment Turbulence

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A recent international airline study showed that airline companies lost approximately $1.4 billion due to online payment fraud in the past year, as released by CyberSource, in association with Airline Information.  According to the study, “Airline Online Fraud Report: Online Payment Fraud Practices and Benchmarks,” online sales for airlines participating in this study totaled $62 billion in 2012; total annual sales ranges from $500 million to $10 billion for each airline company.  

As a solution, airlines can use SafetyPay as a fraud-free online payment solution that will substantially reduce fraud within airline companies.  No registration or credit card information is collected, and funds are taken directly from consumers’ online bank accounts.  No mess and no fuss!  It’s that simple.  

SafetyPay has proven to take airline companies to new heights, as showcased in their case study with Peruvian Airlines.  SafetyPay offered Peruvian Airlines a solution that would allow their clients a convenient way to pay through SafetyPay’s network of banks regardless of whether they bought tickets online or through the phone.  Airline customers could make payments through the Internet or directly at physical locations.  As a result, Peruvian Airlines increased daily ticket sales by 40% in the first few weeks and steadily rose by more than 110% over the following months.  Their call center experienced a 30% reduction in calls event with the increase in ticket sales volume due to the majority of problems resolved by SafetyPay.  To date, SafetyPay is the preferred method of payment in 95% of tickets sold by Peruvian Airlines.  To view the full case study, click here.

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About SafetyPay

SafetyPay is a global, safe and secure online payment solution that enables online banking customers to make internet purchases from merchants worldwide, and pay directly from their local bank account in their local currency.   SafetyPay also offers: business-to-business payments, call center payments, payouts, mobile, and walk-in cash payments. For more information, go to www.safetypay.com.

By 2015, Mobile Payments Are Expected To Be Worth $1 Trillion

As the mobile payment demand continues to rise internationally, so does the global value.  According to Telecoms, the global value of mobile payments is set to reach near $1 trillion worldwide by the year 2015.  The demand for such is determined by the growing enthusiasm for consumers to shop within platforms that are ever changing and up-to-date.  Today’s consumer base relies heavily on convenience and the innovation of new applications that bring e-commerce within a hand’s reach.  

This also brings up the topic of security.  Gerry Penfold, partner of KPMG Risk Consulting says, “there is certainly scope for collaboration between smart-phone manufacturers, telecom companies and retailers but the big, unanswered question revolves around who the customer will trust with their data and their mobile cash.  Battle lines will be drawn around issues such as security, infrastructure and interoperability of devices.  For consumers, speed and security of payment will be the mark of success.”  Therefore, SafetyPay is the only secure solution that ensures no credit cards or financial information needed to make online payments.  

 

 

Study Finds 370 Million Unencrypted Cards on Various Merchants’ Networks

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A study conducted by a merchant data security, SecurityMetrics, shows that 71% of merchants who entered the study were found to store unencrypted payment card data, an increase of 8% of last year.

Merchants who keep this unencrypted payment card data directly violare Payment Card Industry Data Security Standard (PCI DSS) requirements and can have consequences of fines and penalties afetr a compromise. The unprocted data indicates many factors, including improperly designed or confirgured payment application, a non-PCI-compliant payment application or improper card handling by employees.

All together, the sudy found over 370 millio unencrypted cards on various-sized business and home networks, with one network scanning over 96 million payment cards. This study concluded that card discovery and deletion must be performed as a regular business operation to impact security.

“Today’s business landscape is littered with merchants that don’t know exactly what’s on their system,” said SecurityMetrics Director of Forensic Investigations, David Ellis. “In the majority of cases we’ve investigated, the merchant was unaware their system was storing unencrypted payment card data. Merchants must take responsibility for their customers’ card data, which in turn will benefit worldwide commerce in general.”

Read more here http://www.prnewswire.com/news-releases/study-finds-8-percent-increase-of-une…

Americans Prefer Alternative to Cards for Online Payments

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Recent study shows that many Americans would purchase more online if websites would offer alternatives to credit cards. 

This is what the survey shows:

55% are worried about receiving junk mail

54% that their personal information will be sold on to other merchants

51% that their data will be intercepted. 

SafetyPay actually resolves all these issues, and more. SafetyPay is an alternative payment solution that enables online banking customers make internet purchases directly through their bank account and even in their local currency.

SafetyPay never asks for your personal information, never asks you to register and best thing about using it is that the online store never collects your sensitive financial data.

If you’re one of the many Americans who are aware of the issues that are present when shopping online, check out SafetyPay and get to a safer solution.

www.safetypay.com/us

Read More: http://www.finextra.com/News/Fullstory.aspx?newsitemid=23252

How to Shop Safely, Without the Risk of Fraud this Holiday Season

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Online retail sales this holiday season are predicted to reach up to $59.5 billion this year, which puts consumers at higher risk of identity theft and fraud.  If hackers obtain your debit card number, your bank account can be completely emptied out.  Therefore, it is important to shop safely and be cautious about which websites you make purchases from during the holiday season.  The following are some online shopping safety tips:

1.  Make sure that your computer has anti-virus or anti-spyware software to ensure that you aren’t acquiring any viruses or malicious programs.

2.  Check the websites that you make purchases from, to ensure that the sites are secure.  You can check this by looking to see if they provide SSL (Secure Socket Layer) security, which can typically be found somewhere on the home page.

3.  Be careful when you post personal information online.  Do not share any addresses or payment information on social networking sites, as it is easy to access.

4.  Only shop at trusted websites.  Before you make a purchase from a website, check for customer testimonials or look to see if they are part of the Better Business Bureau listings.

5.  Do not give out your social security number online.  No merchants should require you to release your social security number while shopping online.

The safest way to shop online is through SafetyPay, a secure e-payment system that allows all online banking customers to make online purchases worldwide directly through their bank.  SafetyPay provides a safe international shopping experience without the need to disclose any financial information or the use of credit cards.  Shop globally, pay locally with SafetyPay this holiday season.

13% of Identity Theft Came From Offline Shopping

According to the 2011 Identity Fraud Survey Report, 40% of people have had their personal info misused while shopping online, while 13% became identy theft victims when they made purchases through email or phone. The ID protection company, IdentityHawk, explained that during Cyber Monday, consumers are most vulnerable when it comes to online and offline identity theft.

If a shopper is going to buy offline, it is advised that they keep their financial and personal data confidential from close friends of family members and avoid sharing passwords. The report also revealed that 1 out of 7 cases of identity thelf involved someone they personally knew.

For more info, you can read http://www.thepaypers.com/news/e-identity/us-13-of-identity-theft-victims-hav…