Philippine Online Payment Service Expands to Europe and North America
Manila, Philippines, July 04, 2009 --(PR.com)-- Mozcom PayEasy Online Payment System (“PayEasy”) continues its expansion for accepting online payments worldwide. It recently partnered with UseMyBank, a Canadian online payment solutions provider, to accept real-time bank debit payments from Australia, Austria, Belgium, Canada, China, Germany, Netherlands, Switzerland, and UK. With this new feature in place, Philippine-based PayEasy merchants now have the added option of receiving payments from more people in Europe, who may not have or want to use a credit card for online transactions.
"UseMyBank complements our drive to provide the most comprehensive online payment solution for local merchants," said Dick Chiang, Mozcom COO/CTO. "We take care of the payment processing complexity so that our merchants can focus on selling their products online."
According to a PayPal study, more than 70% of the world population does not have a credit card. This provides a solid case for adopting alternative forms of online payment like bank debit. It is estimated that only about 4% of the Philippine population has credit cards.
UseMyBank offers a secure, safe, real time alternative to credit cards. By allowing online direct bank debit, merchants are offered a safer entry into new market areas with minimal risk. UseMyBank's Anti-Fraud System (AFS) prevents and detects fraudulent use of bank cards quickly, reducing losses due to fraud, and assuring a good funds model of 99.999999%.
"Debit is the fastest growing payment method globally in the 'brick and mortar' retail world, with growth rates that have surpassed the rate of credit card growth the past few years," said Joseph Iuso, CEO, UseMyBank, "Any Merchant that offers customers debit online is simply allowing their customers to extend their offline shopping habits to their online purchases. It follows the basic tenants of Web 2.0 by allowing the Buyer more options for payment - and to finally use the payment method most used offline."
UseMyBank offers a real-time debit payment option to the existing payment processing market place. The company's technology allows clients to pay for goods and services directly over the Internet using their existing financial services provider. The UseMyBank enterprise was founded in 2002 by a senior management team with over 50 years of experience implementing financial services applications, solutions, and payment systems.
Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards (Visa, MasterCard, American Express, Discover, JCB, Diners Club), BancNet and MegaLink ATM cards, PayPal, China UnionPay, Globe G-Cash, Smart Money, Western Union, over-the-counter bank deposits, and direct account debit with major banks in China, Malaysia, Thailand, Taiwan, Canada and several European countries. For more information, visit www.payeasy.ph or call +63(2)848-2606.
###
"UseMyBank complements our drive to provide the most comprehensive online payment solution for local merchants," said Dick Chiang, Mozcom COO/CTO. "We take care of the payment processing complexity so that our merchants can focus on selling their products online."
According to a PayPal study, more than 70% of the world population does not have a credit card. This provides a solid case for adopting alternative forms of online payment like bank debit. It is estimated that only about 4% of the Philippine population has credit cards.
UseMyBank offers a secure, safe, real time alternative to credit cards. By allowing online direct bank debit, merchants are offered a safer entry into new market areas with minimal risk. UseMyBank's Anti-Fraud System (AFS) prevents and detects fraudulent use of bank cards quickly, reducing losses due to fraud, and assuring a good funds model of 99.999999%.
"Debit is the fastest growing payment method globally in the 'brick and mortar' retail world, with growth rates that have surpassed the rate of credit card growth the past few years," said Joseph Iuso, CEO, UseMyBank, "Any Merchant that offers customers debit online is simply allowing their customers to extend their offline shopping habits to their online purchases. It follows the basic tenants of Web 2.0 by allowing the Buyer more options for payment - and to finally use the payment method most used offline."
UseMyBank offers a real-time debit payment option to the existing payment processing market place. The company's technology allows clients to pay for goods and services directly over the Internet using their existing financial services provider. The UseMyBank enterprise was founded in 2002 by a senior management team with over 50 years of experience implementing financial services applications, solutions, and payment systems.
Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards (Visa, MasterCard, American Express, Discover, JCB, Diners Club), BancNet and MegaLink ATM cards, PayPal, China UnionPay, Globe G-Cash, Smart Money, Western Union, over-the-counter bank deposits, and direct account debit with major banks in China, Malaysia, Thailand, Taiwan, Canada and several European countries. For more information, visit www.payeasy.ph or call +63(2)848-2606.
###
Contact
Mozcom Inc.
Robertson Chiang
+63(2)8482606
www.mozcom.com
Robertson Chiang
+63(2)8482606
www.mozcom.com
Contact
Categories