May 26, 2017

SafeCharge customers to accept card payments in the U.S. through partnership with Chase

SafeCharge (LON:SCH), a leading payments technology company, today announced a partnership to process payments in the United States through Chase, a global leader in card processing.

Through the partnership, SafeCharge customers will benefit from card processing under domestic conditions. For the consumer, this means a smoother payment experience and a greater likelihood of a transaction being accepted.

Chase serves more than 250,000 merchants and 560,000 locations across the United States. The company processed 16.88bn transactions in 2016 and this, according to Nilson, makes them the third largest acquirer in the US, representing around 20% of the market.

SafeCharge’s proprietary payments platform includes a gateway, a card issuer and acquirer itself meaning it connects directly to all the major card brands including Visa, MasterCard, American Express and China Union Pay. SafeCharge’s global payments platform is available in 4 continents providing cross border businesses diversified acquiring options to choose from in order to optimise their payment acceptance rate.

“The US is one of the biggest markets in the world. The Federal Reserve estimates that US credit and debit card payments were worth almost $6 trillion in 2016.There’s a growing requirement from both consumers and merchants to accommodate cross-border payment acceptance, boosting conversion and enhancing the customer experience,” said David Avgi, CEO, SafeCharge.

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SafeCharge Limited is an Electronic Money Institution authorised and regulated by the Central Bank of Cyprus and is a principal member of Mastercard, Visa and Unionpay International (CUP). SafeCharge Financial Services Limited is authorised and regulated by the Financial Conduct Authority as a Payment Institution. Both SafeCharge companies are wholly owned by SafeCharge International Group Limited.