Prepaid Financial Services Launch New Acquiring Division - eCOMM Merchant Solutions

LONDON, June 29, 2015 /PRNewswire/ --

Acquiring division based in Ireland delivers reliable, adaptable and efficiently managed end to end acquiring and in-house payment gateway solution.

Prepaid Financial Services Limited (PFS) is delighted to announce the expansion of its payment solutions portfolio with the launch of its acquiring division, eCOMM Merchant Solutions (eCOMM), based in Ireland (http://www.eCOMM365.com).

eCOMM provides a vast array of flexible payment acceptance solutions including e-commerce and Mail Order/Telephone Order (MOTO) capability, built around its proprietary technology & PCI DSS compliant platform, to allow merchants quickly and easily integrate with eCOMM.

There are a number of different ways merchants can integrate including APIs, iFrames, Virtual Online payment terminal and hosted payment pages.

Gerry O'Doherty, Head of Acquiring Operations at eCOMM Merchant Solutions, commented: "Our strategy is a straightforward one - to continually go beyond our clients' expectations. We offer a comprehensive package of solutions without costly investments and overbearing maintenance. Furthermore, our offering has the significant added advantage that we provide the payment gateway in addition to the merchant account with a wide variety of integration options."

eCOMM also provide a comprehensive reporting suite with parameter driven transactional reporting empowering merchants and partners with the data, information and analysis to manage and grow their business.

Furthermore, as markets expand and merchants realise their potential by expanding into new markets and countries, the necessity to adopt a more risk based approach to selling online, has become more prevalent with the threat of online fraud. eCOMM help merchants manage that risk and minimise their exposure to fraud through its Prevention, Detection, Monitoring & Control approach.

Noel Moran, CEO of Prepaid Financial Services, commented: "The acquiring sector has changed dramatically over the last decade or so. The speed of technological innovation along with the impact of social trends on buying behaviour means that buyers are better informed and this has opened a Pandora's Box of payment channels and forms. Acquiring is no longer about just acquiring transactions. It is extremely important for us to demonstrate understanding and insight of the merchant's business and the customers they serve. eCOMM Merchant Solutions is well positioned to serve the industry as a dynamic, one stop shop, payments gateway and acquirer dedicated to providing flexible payment acceptance solutions in tune with today's dramatically changing payments landscape."

eCOMM's end to end payment solutions and services include the following:

• MasterCard® and VISA® Processing Capability
• Transaction Acceptance & Settlement
• In house Payment Gateway Solution
• Multiple Billing Options - Single & Recurring
• Merchant Accounts and e-Wallet Solutions
• Risk & Fraud Management
• Comprehensive Back Office Reporting
• Card Issuing Service Partner via PFS

With the launch of eCOMM, PFS has further enhanced its standing within the Payments ecosystem as an Issuer, BIN Sponsor, Technology Integrator, Programme Manager & now - Acquirer, which makes PFS unique in the prepaid and emerging payments space.

PFS is regulated by the Financial Conduct Authority (FCA) and was listed as the 16^th fastest growing company in the UK for 2014 by the Sunday Times Tech Track 100, with exceptional growth of 80% in revenues in the twelve month period to December 2014.

eCOMM Merchant Solutions are authorised and regulated by the Financial Conduct Authority (FCA) as an agent of Prepaid Financial Services. For further information on acquiring solutions from eCOMM Merchant Solutions, please contact us on +353(0)46-907-6546 or [email protected].

Note for Editors

• About eCOMM Merchant Solutions Limited

eCOMM Merchant Solutions are a dynamic, one stop shop, payments gateway and acquirer dedicated to providing merchants with flexible payment acceptance solutions including e-commerce and Mail Order/Telephone Order (MOTO) capability.

We understand the varied needs of your merchant business and the payments industry and provide you with the ability to accept electronic payments safely and securely, across the globe.

Our team of highly experienced payment industry specialists provide a very hands on approach working with our clients.

We provide a seamless integration process via multiple integration methods and quick turnaround times to enable your e-commerce and MOTO transactions to be set up with maximum speed and efficiency and have you up and running in days.

Our on-boarding is simple and straight forward and we provide real time reports for all transaction activity. We offer a comprehensive package without costly investments and maintenance. Our offering is easy to implement with the added advantage that we provide the Payment Gateway in addition to the merchant account.

Our PCI DSS compliant platform includes a full suite of reports to ensure you have all the MI you need on your customer transactions. We take care of compliance and fraud.

For further information regarding eCOMM Merchant Solutions, contact +353(0)46-907-6546 or [email protected].

eCOMM Merchant Solutions Limited are authorised and regulated by the Financial Conduct Authority (FCA) as an agent of Prepaid Financial Services). Registered Office: 1/2 Market Square, Navan, Co. Meath, Ireland.

• About Prepaid Financial Services Limited

Prepaid Financial Services is a UK based multi-award winning global prepaid provider, e-money Issuer and a MasterCard supplier. PFS is authorised and regulated as an e-money issuer by the FCA in the UK and has passported its e-money license across the SEPA region to enable card issuance in up to 40+ countries. PFS operate as an acquirer, issuer, BIN Sponsor and Programme Manager which makes PFS unique in the payment space.

PFS manage multiple programmes' processing millions of transactions every week and our products are utilised by Governments, Local Authorities, blue chip corporations, SMEs and individual consumers taking advantage of our cutting edge, secure technology.

Since launching in 2008, PFS has rapidly established itself as a trusted, dependable and credible prepaid provider to a range of clients across the globe.

For further information regarding Prepaid Financial Services and how prepaid solutions can benefit your organization, contact +44(0)207-125-0321 or [email protected]

Prepaid Financial Services Limited is regulated and authorised by the Financial Conduct Authority, registration number 900036. Registered Office: 36 Carnaby Street, London, W1F 7DR.

SOURCE Prepaid Financial Services (PFS)