April 27, 2020:
Leading specialised payments platform Paysafe Group (Paysafe) announces a partnership with Gala Technology, the innovative Yorkshire-based company behind the multi-award winning 'Cardholder Not Present' (CNP) payment solution, SOTpay.
SOTpay enables cardholders to complete secure remote transactions, while remaining in control of their sensitive card information on their personal device. Transactions are fully authenticated and PCI DSS compliant, negating the risk of fraud-related chargebacks and associated costs for the merchant.
The partnership supports Paysafe in providing its merchants with the ability to process secure and PCI DSS compliant payment transactions across a number of channels including telephone, email, SMS and social media platforms. The new agreement is also timely given the record number of people who may be working from home in unprecedented situations following the outbreak of the COVID-19 virus.
Paysafe, whose core purpose is to enable businesses and consumers to connect and transact seamlessly, has over 20 years of online payment experience. Its services, which are designed to meet the needs of specialised industry sectors, are delivered through an integrated platform. Paysafe processes annualised transactional volumes of over US $85 billion and supports 200 payment types in over 40 currencies around the world, serviced by over 3,000 employees across more than 12 global locations.
Garreth Dorree, Head of Acquiring, Europe at Paysafe, said, “We pride ourselves on our ability to adapt and leverage new technology to meet the needs of our customers. Our product portfolio is consistently evolving and these unprecedented times have prompted demand for new, alternative ways to pay and accept payments. We’re pleased to be working with Gala Technology to respond to this shift and maintain our ongoing commitment to provide an unrivalled portfolio of proprietary solutions for our clients.”
Gala Technology Commercial Director, Steven Jones, commented, “We are thrilled to partner with Paysafe to help provide their merchants with secure and PCI DSS compliant transactions across multiple channels. Our cloud-based technology does not require any additional hardware or integration, or any amends to existing telephony and network infrastructure, which means that deployment can be swift and incredibly cost effective. It’s perfect for remote working environments.”