Ogone Named as European Launch Partner for PayPass Wallet Services by MasterCard

Ogone Partners with MasterCard to Offer PayPass Wallet as Part of Its Unrivalled Portfolio of Payment Solutions

BRUSSELS--()--Ogone, specialists in online payment services today became the first European payment services provider to partner with MasterCard to offer PayPass Wallet. PayPass Wallet, launched by MasterCard on May 7th is a new global solution for banks, merchants and partners that will make it faster and easier for consumers to make purchases in stores or online by allowing them to securely pay with a simple click of the mouse, touch of the tablet screen or tap of the smartphone.

As a result of the partnership, e-retailers using the Ogone platform will be able to offer their customers this unique service allowing consumers to store payment and shipping information in one, convenient and secure place. The Wallet is open so consumers can use American Express, Discover, Visa and other branded credit, debit and prepaid cards.

MasterCard will make PayPass Wallet Services available in the third quarter of 2012 initially in the U.S., Canada, U.K. and Australia. The integration of PayPass Wallet to the Ogone system is expected to be completed in one of the forthcoming quarterly Ogone platform update releases.

Marcus W. Mosen, Chief Commercial Officer, Ogone said of the agreement: “Ogone is dedicated to making it easier for the consumer to pay online and for the retailer to be paid. PayPass Wallet Services is a payment wallet solution designed to simplify the shopping experience while providing flexibility and choice to banks, consumers and merchants. It was therefore an obvious decision for us to partner with MasterCard to offer PayPass Wallet as part of our unrivalled portfolio of payment solutions.”

"MasterCard is delighted to see Ogone integrate PayPass Online into their online and mobile merchant gateway services" says Jorn Lambert, Group Head, Emerging Payments, Europe. "Ogone is a leading European payment service provider with international reach, and this shows the potential and value of PayPass Wallet services as an attractive solution for e-tailers, both large and small, to enhance their online payment and checkout experiences and easily accept payments from any connected device, including personal computers, tablets and smartphones ". Currently, more than 35,000 online shops in 45 countries trust Ogone to deliver comprehensive payment solutions.

About Ogone (www.ogone.com):

Ogone Payment Services is a leading Payment Service Provider with international reach. More than 35,000 businesses worldwide trust Ogone to manage and secure their online payments, help prevent fraud and drive their business. The company is headquartered in Belgium, has operations in India through its acquisition of EBS in 2011 and maintains regional sales offices throughout the world, with offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, UK, UAE and the US.

Ogone is connected through certified links with more than 200 different banks and acquirers and hence is able to provide over 80 international, alternative and prominent local payment methods in Europe, Asia, Latin America and the Middle East.

Ogone’s portfolio of payment methods helps online businesses to expand reach and increase checkout conversion. Additionally, companies benefit from the platform's transactional functionalities, extensive back-office capabilities and advanced fraud prevention systems as well as future-proofing their business as Ogone is committed to providing new payment solutions as consumers adopt them.

A number of major organisations have also opted to use Ogone to handle their payments. These include Friends Provident, Tui, Thomas Cook, Halfords, Just Eat, Bose, Opodo, Club Med, DHL International, Viking Direct/Office Depot, Thalys International, Misco and Center Parcs.

Ogone is an independent company with Summit Partners as majority stakeholder and partner of the management team.

Contacts

VADEMECOM BVBA
Marc Henri De Bruyne
Founding Consultant
T: + 32 2 269 50 21
M: + 32 486 96 49 49
mh@vademecom.be
www.vademecom.be
or
Ogone
Peter De Caluwe
CEO
T : + 32 2 286 96 27
pdc@ogone.com
www.ogone.com

Release Summary

Ogone named as European launch partner for PayPass Wallet Services by MasterCard. Ogone partners with MasterCard to offer PayPass Wallet as part of its unrivalled portfolio of payment solutions.

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Contacts

VADEMECOM BVBA
Marc Henri De Bruyne
Founding Consultant
T: + 32 2 269 50 21
M: + 32 486 96 49 49
mh@vademecom.be
www.vademecom.be
or
Ogone
Peter De Caluwe
CEO
T : + 32 2 286 96 27
pdc@ogone.com
www.ogone.com