Tag Archives: internet payment gateway

Business, Financial, Financial Services, Financial Solutions, Money

UC Group moves online security to a new level with acquisition of information security specialists, Cognosec GmbH

UC Group has acquired Cognosec GmbH in a bid to extend its global information security services for the online business community. UC Group and Cognosec GmbH will jointly focus on assisting businesses to trade more securely, by providing integrated security, risk management and payment services, in response to the growing number and sophistication of cybercrimes.

Cognosec GmbH will become part of UC Group’s payment business, reporting to the SecureTrading Group. SecureTrading and Cognosec GmbH together will help merchants to secure the whole payment processing value chain – data, devices and networks – as cybercrime threats become more complex and harder to manage using existing safeguards. Critically, the two companies will also help online retailers and operators to meet their PCI DSS obligations as compliance becomes increasingly complex and expensive.

UC Group is a trusted advisor to US, UK, Asia Pacific and EU lawmakers and regulators and has extensively led the call for improved consumer and business protection to identify and minimise the growing risks to online businesses. In Europe alone, cyber-attacks are growing by 60 per cent a year, while 85 per cent of credit card record thefts are stolen by means of organised crime. The US currently accounts for 47 per cent of the global credit and debit card fraud, while generating only 27 per cent of the global total volume of purchases and cash, according to a recent Nilson Report.

The Cognosec GmbH acquisition enables UC Group to combat payment processing value chain and information security risks through the assessment and application of appropriate security for businesses in any part of the globe.

Oliver Eckel, CEO at Cognosec GmbH, says, “There are strong mutual benefits to both UC Group and Cognosec GmbH; through our specialisms in assurance, governance, enterprise risk and information security management, coupled with UC Group’s understanding of the online market and selected exclusive worldwide partnerships, we will be able to further extend our global reach. As more and more business goes online, the volume and type of threats to security are growing; we have the skills and track record to ensure that key business assets are safeguarded, whilst ensuring that businesses can trade uninterrupted. And with the advent of mobile business, our clients will be looking for even greater support, which we are better placed to offer as part of UC Group.”

Kobus Paulsen, CEO of UC Group, says, “UC Group leads the way in improving the quality and efficiency of internet business for online product and service providers. Recently UC Group has spearheaded the drive to regulate online gaming in Spain and the US to apply appropriate controls and safeguards for improved consumer protection. The acquisition of Cognosec GmbH strengthens our core proposition: to offer our clients safe and secure e-solutions for global trading.”

Via EPR Network
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Mobile workforce solution provider ensures its services are on TAAP thanks to SecureTrading

TAAP, which helps organisations in the private, public and not-for-profit sectors save money and improve service through the latest mobile technology has chosen SecureTrading, the UK’s leading independent payment processor, to enable its clients to take payments using mobile devices. The solutions are used by a range of customers including charities such as Shelter to allow credit and debit card payments to be made via smartphones.

TAAP (The Agile Application Platform) is a sophisticated workflow system, which provides mobile workforce solutions and applications to organisations operating ‘in the field’. Using mobile devices pre-loaded with TAAP software, clients can receive, collect and transfer rich data from a PDA, smartphone or tablet to a secure web portal or back-office system in seconds. The systems are also scalable and flexible, making it easy to adapt to the most demanding environments from charities involved in face-to-face to fundraising to automotive clients delivering replacement vehicles and parts.

As with any transaction, data integrity is paramount and the solution’s software doesn’t save any of the credit card details so the transaction is fully secure and PCI compliant.

Angela Walker, Marketing Manager at TAAP, says: “SecureTrading’s products meet our business requirements and by offering an alternative payment method to cash, our clients have the opportunity to generate more income through cards and also improve cash flow as invoices do not need to be chased.”

Tim Allitt, Head of Sales & Marketing at SecureTrading, says, “Providing our clients with the facility to take payments via smartphones and PDAs is part of our ongoing mobile payment strategy. Indeed, the importance of mobile payments will become increasingly clear over the coming months and SecureTrading’s focus is on ensuring our gateway is accessible via whatever technology online retailers, merchants and partners want to employ.”

Via EPR Network
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PCI-PAL And SecureTrading Pal Up To Enhance Call Centre Payment Security

PCI-PAL, a market leading contact centre solution has entered into a partnership with SecureTrading, the UK’s leading independent payment processor specialist, to allow call centre agents to take card payments safely and securely.

The solution de-scopes the call centre PCI risk by permitting callers to enter sensitive credit card data using their telephone keypad whilst remaining in conversation with the call centre agent at all times. The encrypted card holder data is sent securely to SecureTrading’s PCI-DSS Level 1 infrastructure.

PCI compliance for contact centres is an on-going process. It is time-consuming and costly and if not obtained, it can lead to data security breaches which may result in significant reputation and financial loss for organisations. PCI-PAL allows businesses to overcome this challenging area of compliance by restricting sensitive card data from entering organisations’ premises and networks, which bears significant cost savings for the call centres.

Both PCI-PAL, which is a division of IPPlus PLC Group, and SecureTrading have large client bases which affords a mutually beneficial business relationship. PCI-PAL hopes to add real value by utilising their bulk buying power to allow customers to access SecureTrading’s extremely competitive rates, as well as high levels of customer service.

William Catchpole, CEO at PCI-PAL comments: “We are very excited about the prospect of working with SecureTrading for PCI-PAL. The need for contact centres to achieve PCI compliance is a challenge faced by operations and technical teams across the sectors. Together we can supply a simple customer and agent friendly data gathering service with secure, competitive payment processing.”

Tim Allitt, Head of Sales & Marketing at SecureTrading, comments: “It is always satisfying to work with a business that shares our passion for customer service and technical innovation. We look forward to working with PCI-PAL over the coming months as they seek to enhance their clients’ customer experience through reduced PCI costs and increased customer service.”

Via EPR Network
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Business, Financial, Financial Services, Financial Solutions, Money

SecureTrading Helps Companies Expand Abroad With Brace Of International Currency Solutions

SecureTrading helps companies expand abroad with brace of international currency solutions.

In an increasingly competitive domestic market, many UK retailers are seeking to expand overseas. Ecommerce Expo 2011 will see SecureTrading, the UK’s leading independent payment processor launch their Dynamic Currency Conversion (DCC) and Sofortüberweisung solutions to assist customers expanding internationally.

DCC allows credit cards holders to have the cost of a transaction converted to their local currency when making a payment in a foreign currency, so they instantly know the price, therefore boosting their propensity to buy.

DCC also enables retailers to generate new revenue from transactions they are currently accepting, because they can earn commission on currency conversion.

Sofortüberweisung allows customers to pay merchants from their internet bank account, again with the benefit of dramatically reducing the risks of chargebacks. Sofortüberweisung is widely used in Austria, Belgium, Germany (51.4%* of all Germans prefer to use Sofortüberweisung) and to a lesser extent the Netherlands and the UK.

Tim Allitt, Head of Sales & Marketing, SecureTrading, said, “Successful expansion in one country can be a springboard for further success elsewhere and it’s key to provide the right methods of payment in particular markets. By launching Dynamic Currency Conversion and Sofortüberweisung, SecureTrading is demonstrating its international credentials and helping its customers grow in new markets by providing them with the correct tools to do business.”

Via EPR Network
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