FT. LAUDERDALE, Fla. (February 6, 2013) — SegPay, one of the world's leading providers of Internet payment processing services, is growing among numerous international markets because of new offerings, expanded service and a greater emphasis on security. New services for clients in the European Union highlight these efforts. In particular, a recently launched payout structure makes SegPay the only IPSP in the EU to convert payouts directly through the acquiring bank, making the process more secure. This model mirrors the payout process for their U.S. clients.
Over the past year, SegPay increased their EU client base by nearly 18 percent. SegPay has also seen an increase in number of transaction and the volume of transactions coming from the EU.
"International markets have proved a major growth area for SegPay," said Cathy Beardsley, CEO of SegPay. "We ensure that we are not only compliant with all regulations, but provide industry leading service to make sure our clients get paid before we do. The strategy has paid off with more clients picking SegPay for their IPSP needs."
Previously, SegPay used a 3rd party trust to convert EU payouts. By switching payouts to come directly from the bank, SegPay furthers its mission of keeping client funds secure. Other benefits of the new service:
SegPay began moving EU payouts to its acquirer in August and has now completed the transition for all EU IPSP clients.
About SegPay
Since 2005, SegPay has offered webmasters a state-of-the-art billing platform that provides real time credit card, direct-debit and check authorization services; automated password management systems, marketing tools, real time sales reporting, and an online Web interface that makes account changes fast and convenient. SegPay has earned a solid reputation throughout the webmaster community and constantly strives to provide the best possible level of service to its growing client base. For more information, visit http://www.segpay.com/