After Successful Pilot, Leading Ecommerce Processor Officially Adds Online Payment Option to Platform
CARROLLTON, Texas--(BUSINESS WIRE)--JetPay announced today that Secure Vault Payments will now be offered to their full client base. As a pilot participant, JetPay was the first ecommerce processor to join the Secure Vault Payments network along with their client, Apple Vacations.
“When growing the Secure Vault Payments network, eCommerce processors like JetPay are invaluable to the overall success”
Secure Vault Payments is a safe and secure online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment and personal financial management solutions.
“As one of the original pilot members of the Secure Vault Payments network, JetPay is excited about the opportunity to work with eWise to promote this alternate form of payment in the card-not-present and ecommerce marketplace,” said Todd Fuller, Executive Vice President of JetPay. “Chargeback protection to our merchants as well as identity protection to consumers continues to be a growing concern in today’s payment marketplace. The core of Secure Vault Payments targets these issues and we look forward to adding value to our existing and prospective new clients.”
Secure Vault Payments is the only online payment system designed specifically for the unique security and convenience requirements of online payments and ecommerce. When completing an online purchase or bill payment, a consumer selects Secure Vault Payments as the payment option and is automatically redirected to his online bank. After authenticating with his financial institution, the consumer selects the account from which to make the payment and is redirected back to the merchant or biller to receive confirmation of payment. Because the consumer never enters or shares personal account information, the merchant or biller does not have to secure or store any financial data.
“When growing the Secure Vault Payments network, eCommerce processors like JetPay are invaluable to the overall success,” said Richard Brierley-Jones, Executive Vice President of eWise. “We are pleased they were one of the first to see the value of adding this online payment option to their overall payment processing solutions.”
Companies interested in joining the SVP network should contact Dean Seifert, Senior Vice President, eWise at firstname.lastname@example.org. Inquiries regarding the NACHA Operating Rules or the business rules for Secure Vault Payment should be directed to NACHA.
JetPay is an end-to-end processor with a focus on the Ecommerce and Card-Not-Present marketplace currently processing approximately $20 Billion per year in credit, debit and ACH payments. With its own in-house front end and back end processing/acquiring platforms, JetPay has the ability to customize unique solutions to each individual client without it affecting other clients across the platform. JetPay’s front end authorization platform is XML based and has a wide variety of API’s to allow merchants and developers to connect directly to JetPay without the need of a 3rd party gateway.
Companies interested in contacting JetPay about Secure Vault Payments and their other payment processing solutions should contact Todd Fuller, EVP of Business Development at JetPay email@example.com.
Secure Vault Payments™ (SVP)
Secure Vault Payments™ enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise’s Online Banking e-Payments technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments™ is a trademarked offering of NACHA — The Electronic Payments Association. To learn more, visit http://securevaultpayments.com.
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.
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