Connect with us

Business

SIMPLE AND SECURE PAYMENT TECHNOLOGIES

Published

on

SIMPLE AND SECURE PAYMENT TECHNOLOGIES 3

Company name

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

SIMPLE AND SECURE PAYMENT TECHNOLOGIES 4SafeCharge 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.

Industries

  • Online Gaming and Sports Betting
  • Financial Services
  • Online Games
  • Retail

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.

Products/services offered

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.

Cashier

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.

Major Projects

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.

Business

Daimler truck unit to focus on CO2-neutral technology

Published

on

Daimler truck unit to focus on CO2-neutral technology 5

BERLIN (Reuters) – German luxury carmaker Daimler said on Wednesday that its plan to spin off Daimler Trucks will allow the world’s largest truck and bus maker to become more profitable and focus more on developing technologies to cut carbon emissions.

The spin-off plan, announced earlier this month, should make the unit more agile, profitable and able to develop CO2-neutral drive technologies for trucks and buses, Daimler said in a statement.

Daimler said the truck business had seen a recovery in the fourth quarter, especially in North America and Europe, selling 121,000 units, almost double that of the second quarter, when sales were hit by the coronavirus pandemic.

For 2021, Daimler Trucks forecasts revenue to be significantly above the prior-year level and is aiming for a significant increase in adjusted return on sales to 6-7%, up from 2% in 2020.

(Reporting by Emma Thomasson; Editing by Caroline Copley)

Continue Reading

Business

Outsourcer Serco resumes dividend, raises 2021 outlook on NHS boost

Published

on

Outsourcer Serco resumes dividend, raises 2021 outlook on NHS boost 6

(Reuters) – Serco Group Plc reinstated a dividend and raised its 2021 forecasts on Thursday, after the British outsourcer posted a 20% jump in annual revenue, bolstered by its services to the country’s COVID-19 test and trace programme and U.S. acquisitions.

Revenue is now expected to be about 4.2 billion pounds ($5.95 billion) for this year, while underlying trading profit is forecast to be around 175 million pounds, the company said, roughly 10 million pounds higher than its forecast in December.

Serco announced a shareholder payout of 1.4 pence for last year, after suspending them in 2014 as part of a restructuring drive to overcome a string of contract failures and profit warnings that ramped up debt and hurt its reputation.

Chief Executive Officer Rupert Soames said that one of the key factors in deciding to restart paying a dividend was that “any concerns we had about liquidity have proved groundless,” adding that the company has re-entered the debt market and has been cash positive.

Sales in 2020 rose to 3.88 billion pounds from 3.25 billion pounds in the 12 months ended Dec. 31, while underlying trading profit rose 36% to 163.1 million pounds.

($1 = 0.7064 pounds)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich)

Continue Reading

Business

UK’s Primark owner warns of 1.1 billion pound lockdown hit to sales

Published

on

UK's Primark owner warns of 1.1 billion pound lockdown hit to sales 7

LONDON (Reuters) – Associated British Foods warned on Thursday it expected to lose sales worth 1.1 billion pounds ($1.6 billion) from the lockdown of its stores at fast-fashion chain Primark in the first half of its financial year.

The group said it expected Primark’s sales in the first half to Feb. 27 to be about 2.2 billion pounds and adjusted operating profit to be marginally above break-even.

Due to the restrictions placed on Primark in the United Kingdom and across Europe it forecast sales, adjusted operating profit and adjusted earnings per share for the group as a whole to be lower than last year.

But the group said it was looking forward to reopening Primark stores and as of Thursday had likely reopening dates for 233 stores in addition to the 77 stores already open. Some 83% of its retail space should be trading by April 26.

“We expect the period after reopening to be highly cash generative,” it said.

AB Foods also has a grocery division, whose brands include Kingsmill bread and Twinings tea, as well as major sugar, agriculture and ingredients businesses.

It forecast revenue and profit in all of these units to be ahead of both expectations and the first half of last year.

Shares in AB Foods closed Wednesday at 2,437 pence, valuing the business at 19.3 billion pounds.

($1 = 0.7064 pounds)

(Reporting by James Davey; Editing by Kate Holton)

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Newsletters with Secrets & Analysis. Subscribe Now