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Press release

Paysafe joins Vendorcom

Commitment to help shape European payments processing market solutions

 

LONDON, MONTREAL, NEW YORK (February 16, 2016) –  Paysafe, a leading global payments provider, today announced that it has become a member of pan-European membership organisation, Vendorcom, to connect with key stakeholders in the payments community.

Vendorcom promotes innovation through collaboration and provides a range of opportunities for knowledge sharing within the payments industry. Through Vendercom, Paysafe will help the payments community to better understand and more effectively meet market needs.

Commenting on the membership, Andrea Dunlop, CEO Acquiring and Card Solutions at Paysafe said: “Payments exist in an ever changing eco-system, where there is increasing demand for innovative companies to provide solutions that challenge outdated traditional players. Our membership with Vendorcom and its member organisations reflects our increased commitment to growth in the European market for our core Payment Processing business. We look forward to sharing knowledge with other industry leaders, ensuring that collectively we drive the industry forward in a way which benefits all stakeholders – consumers, merchants, payment providers and regulators.”

In Europe, Paysafe is one of a select number of financial institutions granted principal membership for merchant acquiring by MasterCard Europe and Visa Europe. That means Paysafe can provide merchant accounts in the UK without the need for third-party banks, enabling a very competitive service.  Globally, Paysafe works with a number of acquiring partners to ensure maximum flexibility - matching retailers with an account which best suits their individual needs.

Vendorcom Chairman Paul Rodgers said: “We’re delighted that Paysafe has joined our growing membership base. Paysafe’s innovative approach to payments in Europe will provide added value to the knowledge sharing that we drive through our events and discussions, and we look forward to working with Paysafe and our members to drive further innovation in the payments industry.

About Vendor com

Vendorcom is a pan-European membership organisation with the primary aim of connecting all stakeholders in the payments community to enable them to provide more innovative, effective and secure solutions to the market based on the strongest possible insight and collaboration on common issues. Vendorcom’s core activities include quarterly conferences, monthly networking events and weekly special interest groups which provide a range of opportunities for knowledge sharing and resolving issues, enabling the payments community to better understand and effectively meet market needs.

For more information visit: www.vendorcom.com 

Vendorcom on Twitter: @Vendorcom

Vendorcom

Paul Rodgers

Chairman at Vendorcom

Tel:       +44 7785 502605

Email:   paul.rodgers@vendorcom.com

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe makes transactions easy by enabling fast, convenient and secure ways to pay-before, pay-now and pay-later through its digital wallets, prepaid card, payment processing and card issuing & acquiring products and services. We believe that every point of every payment should be relevant, simple and safe. With nearly two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money via more than 100 payment types and 40 currencies. Paysafe’s brand portfolio includes  NETELLER® and Skrill®, paysafecard®, payolution® and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com

Paysafe

Gavin Haycock

SVP, Corporate Communications

Tel. +44 (0) 203 8269767

gavin.haycock@paysafe.com

 

 

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