Following this deal, both companies will gain access to over 100 banks and financial institutions, across 20 countries. This will also make bank payment services available to worldwide online banking customers.
The companies provide e-payment services that allow customers to make online purchases from merchants worldwide and pay directly through their bank account. They do not have to provide financial information to the merchants or to the payment processor. All payment transactions are made using the bank’s electronic platform. The expanded services will be available to merchants and customers of UseMyServices and SafetyPay beginning with Q1 2012.
In recent news, UseMyServices has been added to Failsafe Payments’ electronic platform, CertoConnect. Failsafe Payments is the Cyprus-based Merchant Service Provider (MSP).
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