Wednesday, April 7, 2010

Walmart Joins SRPc Board of Directors

Secure Remote Payment Council Adds New Members to Help in the Development of Secure eCommerce and Mobile Payments

Trade Association Focused on Internet and eCommerce Payments Adds Walmart, eBillme, Blyth, Inc. and Net1Virtual Card, Inc. as New Members

WESTWOOD, N.J.--(BUSINESS WIRE)--The Secure Remote Payment Council, a new trade council dedicated to the growth, development and market adoption of secure eCommerce and mobile payment methods launched earlier this year, continues to grow by announcing the addition of four new members. Walmart has joined as a general member and also as a member of the Board of Directors. eBillme, a leading secure online payment solution provider and Net1Virtual Card, Inc., a mobile payments solution company have joined as Associate Members. Blyth, Inc., a leading retailer recognized around the world as a leader in home expressions products, has joined as a Council Member.

“The Secure Remote Payment Council brings together all of the key stakeholders in one place to work together on solving the equation that will allow secure debit payments to grow. Walmart is pleased to become a part of the leadership of the SRPc.”

Membership in the SRPc is open to any entity that does business in the eCommerce and mobile payments areas including: merchants, financial institutions, merchant processors, Issuer processors, payment brand companies, payments authentication hardware providers, payments authentication software providers, and payments consultants.

Other SRPc members include ACCEL/Exchange Network, CardinalCommerce Corporation, Chase Paymentech, Heartland Payment Systems, MagTek, Merchant Advisory Group, SHAZAM, Inc., STAR Debit and ATM Network, SWACHA and TSYS.

“Improving the security, safety and convenience of debit payments by consumers in the eCommerce and mobile payments channels is very important to Walmart,” Mike Cook, vice president and assistant treasurer of Walmart, said. “The Secure Remote Payment Council brings together all of the key stakeholders in one place to work together on solving the equation that will allow secure debit payments to grow. Walmart is pleased to become a part of the leadership of the SRPc.”

“The SRPc is honored to add Walmart, eBillme, Blyth and Net1Virtual Card as members. The diversity of our membership sets us apart from other payments focused trade associations and will be a key factor in helping fulfill our mission of facilitating the growth of secure remote payments,” said Paul Tomasofsky, SRPc president.

About the Secure Remote Payment Council

The Secure Remote Payment (SRPc) is a nonprofit, inter-industry trade association that supports the growth, development and market adoption of debit based internet eCommerce and mobile channel payment methods that meet or exceed the security standards for pinned based card present payments. It will accomplish this by encouraging and supporting those activities that accelerate the implementation, adoption and promotion of these payments. The SRPc’s members include merchants, financial institutions, merchant processors, issuer processors, payment brand companies, payments authentication hardware providers, payments authentication software providers and payments consultants. For additional information, visitwww.SecureRemotePaymentCouncil.org.