(EMAILWIRE.COM, October 09, 2011 ) Toronto, ON - A new co-operative agreement was announced today between two global payment technology firms, Toronto-based UseMyServices, and Miami-based SafetyPay. The new venture will significantly expand the international reach of both firms, giving each company access to more than 100 banks and financial institutions, across 20 countries. The agreement will make real time bank payment services available to more than half a billion online banking customers worldwide
“Partnering with usemyservices makes total strategic sense in SafetyPay’s continual international
expansion efforts,” said Manuel Montero, Founder and Chief Executive Officer of SafetyPay. “We look forward to expanding our global footprint and utilizing the natural synergy between our two companies.”
Both SafetyPay and UseMyServices are recognized leaders in the ‘alternative’ payments sector. Although each company utilizes their own proprietary technology, both platforms provide a secure e-payment solution that enables online banking customers to make Internet purchases from merchants worldwide and pay directly through their bank account. Customers are never required to disclose any financial information to the merchants or to the payment processor. All payment transactions are done from within the bank’s online environment.
According to UseMyServices CEO and Founder, Joseph Iuso, “This is exactly the type of partnership that will bring all the banks into one network".
“With this co-operative venture, both companies’ Merchants will reap huge benefits. In today’s competitive marketplace, businesses need to have a global web presence - but it can be expensive and risky to expand into new markets.” said Melody Wigdahl, Vice President of UseMyServices. “Real time bank payments minimize the risk and now our Merchants have the opportunity to greatly expand their current market reach, with minimal risk, very quickly. This is a win-win deal for everyone involved.”
The expanded services will be available to merchants and customers of UseMyServices and SafetyPay early Q1, 2012.
About UseMyServices
Launched in 2002, Toronto-based UseMyServices is a pioneer in real-time bank payments. Using UMSÂ’s flagship product, UseMyFunds, Consumers can pay for their web purchases using their online bank account, without revealing their financial data to the Merchant. For more information, visit our website at http://www.usemyservices.com
About SafetyPay
SafetyPayTM is a safe and secure e-payment solution that enables online banking customers to make Internet purchases from merchants worldwide and pay directly through their bank account. Customers are never required to disclose any financial information to the merchants or to SafetyPay, and all payment transactions are done from within the bankÂ’s online environment. For more information, visit http://www.safetypay.com.
