SafetyPay Announces its First Patent Awarded by the US Patent Office

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SafetyPay is pleased to announce that it has secured its first patent for intellectual property protection from the US Patent and Trademark Office.  The patent relates to electronic payment and financial clearinghouse services allowing individual and corporation shoppers to make online purchases directly through their own online bank account. The patent wording more specifically reads:

Electronic bill payment services provided by means of the global information network; financial services in the nature of a payment system for businesses and consumers for the purchase of goods and services, namely, a financial clearing house between financial institutions and merchants; financial clearinghouse between corporations; merchant credit card processing services; money transfer services, electronic funds transfer services, and bill payment services; clearing and reconciling financial transactions for others, namely, payments clearinghouse allowing individual and corporation shoppers to make online purchases directly through their local bank.

“We submitted the application in 2006 and finally after all this time and effort, we have been awarded this patent which covers all countries around the world,” stated Manuel Montero, CEO. “It was definitely worth the wait because not only does it help to protect our intellectual property, but also it bolsters SafetyPay’s credibility and legitimacy in the marketplace,” he added.

For more information, visit www.safetypay.com.

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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.

SafetyPay Partners With Brazil’s 6th Largest Bank, HSBC Bank Brazil

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SafetyPay, a secure payment facilitator and clearinghouse benefiting online shoppers, online merchants and banks worldwide, today announced a partnership with Brazil-based HSBC Bank Brazil ($72 billion in assets), that will extend SafetyPay’s online payment services to the bank’s 5.5 million account holders and 400,000 small and midsize business clients, providing them with the ability to pay with their own currencywhen shopping with worldwide merchants online.

To read the full press release, click here

SafetyPay White Paper Released – Download Here

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As consumers replace cash, checks and credit cards with online and mobile banking, financial institutions need to alter services and offerings to keep up with consumer demand for convenience and security. New regulations preventing fee increases require banks to find alternative income sources, and SafetyPay’s white paper illustrates the ability of banks to use innovative technology to generate revenue and deliver considerable benefits to customers.

SafetyPay’s white paper looks at the benefits of new innovative payment methods and their ability to serve as an additional revenue generator for banks. The credit card has been the predominant online payment method, however, credit cards were not invented with the Internet in mind. As ecommerce has grown, their inherent deficiencies have become more apparent – increased risk of fraud and high costs for merchants to process. Because of this, inroads have been made by new payment methods as consumers recognize their convenience and security. In fact, by 2012, new payments are projected to reach 30 percent of online payments. Financial institutions providing online payment alternatives promote greater customer loyalty and satisfaction.

“Online banking makes international e-commerce a simple and safe process for merchants and consumers alike, and banks offering modern payment options are successfully attracting and retaining customers,” said Manuel Montero, CEO of SafetyPay. “At SafetyPay, our objective is to share the immense benefits online banking channels offer. We enable financial institutions, large and small, to enlist contemporary banking methods to generate revenue and provide a fraud proof payment solution to consumers and online retailers.”

To download the full white paper, please click here

SafetyPay is Named One of Southeast’s Hottest Companies

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SafetyPay has been named one of the United States’ fastest growing companies, according to Lead411. Companies must be in either the Software, Wireless, Internet, or Media industry and be a privately held organization, and located within the districts/states of Kentucky, Tennessee, North Carolina, South Carolina, Georgie, Florida, Alabama, Mississippi, Arkansas, or Louisiana. In addition, they must have a 100% increase in revenues over the past 3 years, over $1M in funding in the past 2 years, or 2X traffic gains to their website in the past 12 months AND over 1 million unique visitors a month.

About SafetyPay

SafetyPay is a global, safe and secure e-payment solution that enables online banking customers to shop from merchants worldwide and pay directly through their online bank account in local currency. Customers are never required to disclose any personal financial information neither to the merchants nor to SafetyPay, and all payment transactions are done securely from within the bank’s online environment.

For more information, please visit www.safetypay.com

About Lead411
Lead411 provides information, news, and research about U.S. companies and their executives. Founded in 2001, its goal has been to focus on quality corporate data that is valid and useful rather than producing as many company records as possible. In addition, Lead411 tracks company news in order to alert its customers about venture financing, new hires, hiring plans, etc. Customers include Gartner, Administaff and ADP.

For more information or to view the complete article, please visit http://www.lead411.com/southeast-companies.html