MasterCard adds Paysera to list of Certified Payment Facilitators

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The international operator of payment cards Mastercard has confirmed that the Lithuanian payment system Paysera complies with MasterCard’s stringent requirements for security and fraud protection. It made such conclusion after carrying out certification at EVP International, which develops international payment system Paysera.

The main goal of this audit was to make sure that payment facilitator, which provides the payment gateway service, ensures sufficient level of identification of their business clients.

MasterCard performs periodic checks of payment facilitators to ensure the safety of their cards holders when buying online.

“The main goal of this audit was to make sure that payment facilitator, which provides the payment gateway service, ensures sufficient level of identification of their business clients. Our certification included the audit of the procedures in place in order to safeguard individual customers from buying goods from fraudulent e-shops and losing their money,” says Kostas Noreika, CEO at EVP International, “Many safety aspects are taken into account, i.e. existing procedures, safety check tools, the system login procedures, and client identification. The office security systems are taken into account too.”

After completion of the security check at EVP International by the expert of Client security and security management at MasterCard, it was concluded that EVP International complies with security requirements and uses advanced fraud prevention means. Therefore, Paysera ensures that the MasterCard cardholders are safe and secure when buying online.

Paysera, unlike other popular payment systems, such as Paypal, checks all their clients in advance before implementation of the payment gateway service. It is done to protect the buyers from fraud.

In Europe, more than 150 companies provide solutions, which enable companies and e-shops to receive payments from their clients by using the MasterCard cards. The list of these companies is provided on the MasterCard website.

About Paysera:
Paysera is a global payments system, which enables its users to make reasonable savings when making international payments for the price of local rates. Paysera is an electronic payment institution, licensed by the European Union, and is a leader in a global market for its wide range of services such as international transfers at local rates, payments done via the Internet and mobile devices, money transfers by SMS, collect fees, make immediate payments when shopping by using QR codes.

Currently Paysera has 180,000 users. EUR 209M were transferred by using Paysera in the Third Quarter of 2014. Since the system was launched two years ago, 70 banks all over the world have chosen to become partners of the system. Paysera expands its business by creating global solutions for local markets.

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Andrius Balkunas
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