Business Wire: public relations, press release ... - SafetyPay

Business Wire: public relations, press release distribution, investor relations, SEC filing
03/01/2007 10:52 AM
SAF-T-PAY’s unique model allows e-
banking customers and online shoppers to
make e-commerce purchases worldwide
directly through their local bank. Utilizing
their banking and merchant partners, SAF-
T-PAY enables international onlinecommerce
transactions to be cleared
through the customer’s existing bank,
offering them, for the first time, a completely
secure and convenient way to shop
globally, but pay locally. Customers will take
comfort in not having to disclose any
personal financial information, completely
eliminating the potential for international
fraud.
International Checkout will bring some of
the world’s top retailers together with SAF-
T-PAY to offer access to potentially 60
million pre-qualified customers who actively
participate in e-commerce through their
local banks. Merchants will no longer have
to worry about the shipping and logistics
issues for their products as International
Checkout will ship any item from any store
internationally, while SAF-T-PAY lowers the
fraud risk involved in the online purchasing
transaction through their payment system.
“Cross border online purchasing is a big
untapped market but has been a challenge
for merchants due to payment security and
shipping logistics. Our relationship with
International Checkout addresses the issue
of international purchasing and shipping,”
said Manuel Montero, CEO of SAF-T-PAY.
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