Microsoft Selects GlobalCollect for Its Payment Processing.HOOFDDORP, The Netherlands -- GlobalCollect:
GlobalCollect, the leading international payment service provider,
will enable Microsoft to accept alternative payments and
to increase the security of its processing using GlobalCollect's
bank account validation service
GlobalCollect today announced the signing of a contract with Microsoft Corp. under which GlobalCollect will provide online non-credit card payment processing services, such as direct debit direct debit Noun an order given to a bank or other financial institution by an account holder to pay an amount of money from the account to a specified person or company at regular intervals direct debit n processing, as well as online bank account validation services for the Microsoft MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). platform. GlobalCollect is the only payment service provider able to offer an online real time bank account validity check. This check is performed against continuously updated account information databases and is particularly useful for alternative payments to credit cards such as bank transfers and direct debit transactions. GlobalCollect offers bank account validity checks for Germany, the United Kingdom and France to start with. Other countries will be rolled out next year. Payment alternatives to credit cards are increasingly used by online retailers, especially for the collection of online European payments. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in alternative payment methods and acknowledges that online retailers offering more than credit card payments increase their response rate of on average 30%. Security is still a major concern for consumers and online retailers, and the possibilities offered by the online bank account validation give an extra advantage to the already increasingly popular bank transfer or direct debit online payments. Sometimes these payment methods are indeed the only way to reach consumers in countries where credit cards are regarded as highly suspicious way to pay, as in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. and Asia for example. About Microsoft Founded in 1975, Microsoft (Nasdaq "MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. About GlobalCollect GlobalCollect provides international payment services for non face-to-face businesses including Internet, mail and telephone order. For more than a decade, Global Collect has successful track record with collection and reconciliation of payments, invoice printing and distribution in over 200 countries. GlobalCollect's payment solutions and its unique and still growing international banking network enables businesses to accept the widest range of local payment methods in local currencies. Through one single technical and administrative interface, its online payment platform offers a combination of all major credit and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , direct debits, cheques, bank transfers and invoices. The hands-on dedication of its highly experienced professionals who anticipate client's evolving needs establishes GlobalCollect as the preferred payment service provider. Founded in 1994, GlobalCollect is a fully owned subsidiary of the publicly listed TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général N.V. More information about GlobalCollect is available at www.globalcollect.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion