SafeCharge International Group Limited
Nature of Business
SafeCharge International Group Limited is a global provider of payments service, risk management and IT solutions for online businesses. The Group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals, including financial services, sports betting, online games, and retail. The Company has a history of innovation and employs proprietary technologies and methodologies to service a stable and growing merchant client base.
SafeCharge is listed on the London Stock Exchange AIM market (symbol SCH).
Find out more at www.safecharge.com
Locations and Markets operated in
SafeCharge currently employs over 200 people across its operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria. The majority of its business is generated in Europe.
- Online Gaming and Sports Betting
- Financial Services
- Online Games
Brief history of the company
The SafeCharge group was founded in 2007. In that same year it received PCI level 1 certification. Since 2008 SafeCharge has focused on expanding its bank network and has agreements with many other European tier 1 financial institutions.
In 2013 SafeCharge launched its “Cashier” technology and new generation risk management platform.
2013 also saw a focus on regulations. In addition to receiving recognition as a European payment institution, licensed to process payments for all countries located within the European Economic Area (EEA), SafeCharge now has principal membership status from MasterCard.
This year, the infrastructure has been substantially upgraded to support massive future growth in transactions volume.
SafeCharge connects clients to banks and to a wide array of alternative payment methods. Customers continue to benefit from the company’s PCI descoping solutions implemented by Tokenization or Unique User ID.
SafeCharge provides online merchants with a comprehensive payment solution that includes secured connectivity to financial institutions, Cashier, a hosted payment page solution, with personalized checkout options, advanced risk management platform and a sophisticated and flexible Payments Management and Analytics component. Additionally, to reduce the scope of the compliance process, SafeCharge provides PCI descoping solutions that enable merchants to securely migrate and store all credit card numbers in SafeCharge’s vault.
The Cashier has been designed to deliver a personalized experience when making payments. By identifying the exact geo-location of an end-user, Cashier can intelligently offer customized options such as language, currency and previously used payment method(s). The Cashier’s user-friendly interface enables end-users to simply key in their information which is retained for future payment activities. Returning end-users merely need to click once to pay thus increasing payment conversion.
Risk Management Platform
Risk management is an important consideration for online merchants where fraud and charge-backs represent significant business risks. SafeCharge’s proprietary risk and fraud platform, which links merchants to a comprehensive financial network of acquiring banks and dozens of global and local alternative payment providers, incorporates both robust technology and sophisticated procedures that benefit from hands-on involvement of the experienced specialist risk management team. The team of dedicated risk specialists are constantly monitoring for suspicious activity in SafeCharge client accounts.
Payments Management and Analytics
The payment management component provides a single location to monitor and control the activities of all the components of the SafeCharge system including Cashier, Payment Processing and Risk Management. The system provides merchants with the capability to query and retrieve information from both the payments processing and risk platforms and act accordingly for each and every transaction processed.
Seamlessly Descope PCI
All merchants who accept credit cards, online or offline, are required to keep customers’ payment details secure, and need to be in compliance with the PCI Data Security Standard (PCI-DSS). Failure to comply with PCI standards can result in heavy fines, restrictions, or even permanent expulsion from card acceptance programs. To reduce the scope of the compliance process, SafeCharge provides PCI descoping solutions that enable merchants to securely migrate and store all credit card numbers in SafeCharge’s vault.
Over the last few years the company has become an expert merchant partner in highly regulated industries in Europe, mainly Sports-betting and financial services, working for companies such as Ladbrokes, Gala Coral and GKFX. Currently SafeCharge is expanding into the online games industry, recently signing an agreement with video game developer, Gaijin Entertainment, and is developing various technology solutions including a sophisticated withdrawal system, 24/7 risk support and an automation process.