Electronic Payment Exchange Strengthens Global Presence by becoming a Direct Merchant Acquirer in Europe
Wilmington, Delaware – January 12, 2012 – Electronic Payment Exchange (EPX), a full-service payment processor providing combined tokenization and end-to-end encryption payment solutions to multi-national merchants, is strengthening its global presence by becoming a direct merchant acquirer in the European Union with initial movement into the United Kingdom.
EPX will begin offering its payment services directly to EU merchants starting in the first quarter of 2012. EPX already offers payment processing services in the North American, Latin American and Caribbean regions. EPX has provided payment processing services in the EU region for merchants on behalf of bank clients since 2008, but will now directly offer its fully-integrated, straight-through electronic payment processing services to EU merchants in point-of-sale, ecommerce, and card-not-present transaction environments alleviating the need for merchants to contract with multiple third parties.
EPX Executive Vice President Joe Babin announced the EPX EU initiative stating that the strategic initiative was primarily driven by client response. “We have been contacted by merchants in the EU seeking availability of the numerous technical capabilities we already provide to merchants in other regions,” stated Babin. “Our single-source offering will provide all the technical requirements and financial services required to accept payments, including merchant accounts, front-end technology, authorization and settlement processing, comprehensive reporting, exception handling, and customer support.”
Babin stated that EPX’s technical solution includes various features and capabilities not normally afforded to merchants without multiple third parties and additional costs. He also said that EU merchants will realize significantly advanced payment capabilities at lower costs.
EPX expects to recruit experienced merchant acquiring individuals to support their EU efforts and will begin by opening an office in London in the first quarter of 2012.
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8.19.2011 - EPX Processing Alert! - U.S. Government Sanctions for Syria
On 18 August 2011 the United States government issued an executive order prohibiting, “the exportation, re-exportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any services to Syria.”
In response to these sanctions MasterCard will institute a block of all transactions originating in Syria as of 20 August 2011. This block will be in effect until further notice. A notification will be sent in the event that the block is removed.
 11.2.2011 - Electronic Payment Exchange and Cryptera Partner to Bring Secure Payment Solutions to Unattended, Self-Service Systems
Electronic Payment Exchange (EPX), a full-service payment processor providing combined tokenization and end-to-end encryption payment solutions to global merchants, and Cryptera, a world-leading provider of secure payment solutions and encrypting PIN pads, announced their partnership offering unattended payment solutions to the self-service market.
8.17.2011 - PCI DSS Tokenization Guidelines Affirm EPX Outsourced Tokenization Solutions Reduce PCI DSS Scope for Merchants
Electronic Payment Exchange (EPX), a full-service payment processor that introduced payment data tokenization solutions to merchants in 2001, announced today that the Payment Card Industry Data Security Standards (PCI DSS) Tokenization Guidelines released on August 12 affirm that EPX’s free, outsourced tokenization solutions can eliminate the scope of PCI compliance for merchants.
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Call EPX Solution consultants at 866.581.5256.
