Over the last 5-years, we have had many thousand of top-, mid- and small-tier retailers migrated to our very cost-efficient EMBOSS card payment service throughout Europe...
(PRWeb UK) April 24, 2010
YESpay EMBOSS Card Payment Service, available throughout Europe and North America, has achieved a new operational record of over 200 days of non-stop 100% availability for card authorisation processing.
“Over the last 5-years, we have had many thousand of top-, mid- and small-tier retailers migrated to our very cost-efficient EMBOSS card payment service throughout Europe, and we are now actively rolling out in Canada and USA. More than 200-days of non-stop authorisation service have meant our retailers such as Works, Office, HMV, British Museum, Kiddicare, Shuropody, etc., have had no card acceptance interruptions in their stores. The main business drivers for all our retailers are 100% payment service availability, lower operational costs as well as the risk mitigation of PCI-DSS Compliance”, said Rohit Patni, Executive Vice President of Sales and Marketing for the YESpay group globally.
Historically retailers have had their own in-house card payment solution. This was the trend up to a few years ago before PCI-DSS (Payment Card Industry Data Security Standard) and EMV (Europay, Visa and MasterCard) Chip & PIN certified solutions have been mandated by their Bank Card Acquirers. Thus, retailers are now migrating rapidly to the YESpay EMBOSS card payment service in order to achieve significant operational cost reductions and in order to also minimize PCI DSS compliance risk.
Cost-of-ownership and cash-flow analysis prepared by YESpay International Limited, a managed Internet and Card Present (Chip and PIN) payment service provider (PSP) throughout Europe and North America (USA and Canada), provides a good base for comparing the financial propositions of for in-house versus managed payment service. Having a managed payment solution instead of installing and managing an in-house card payment solution can result in savings of up to 40% over 4 years.
A managed payment solution allows lower CAPEX and operational costs effectively in comparison to an in-house payment solution. It also eliminates the need of diverting manpower time and funds into non-core activities like payment solution for the merchants. In addition to it, it caters for any future upgrading of software due to change in EMV and PCI standards and regulations at no extra cost. An outsourced payment solution can provide the same functionality as an in-house system including enhanced MIS, gift cards, contactless cards, e-top ups, mobile terminals etc. YESpay provides a highly resilient service to its customers through its 4 global data centres (located in London, Heathrow, Toronto and San Francisco) and 24 hours support set-up.
For a complete analysis of the findings and results of the financial comparison, please take a moment to download the white paper from our website http://www.yes-pay.com.