Lyca Remit eliminates the need to use cash for international transactions, allowing funds to be transferred quickly either online or over the phone. The service uses Secure Trading's fully PCI DSS compliant payment gateway which comes embedded with a suite of sophisticated fraud controls.
Secure Trading also leveraged its partnership with Remit One, a market leading money transfer software firm, whose platform the service is built upon. Secure Trading fulfilled all of Lyca Remit’s requirements, which included banking and merchant services. It also installed Protect Plus, its detailed fraud prevention mechanism.
With the infrastructure now in place, Secure Trading will also be responsible for the ongoing management of the Lyca Remit payment system, ensuring it remains compliant and within the required guidelines of both the FCA and HMRC.
Veera Muthusamy, Head Of Commercials, Lyca Money Ltd said: “We were looking for a complete solution to resolve a number of complex issues. Secure Trading provided everything we needed – from expert consultancy to first-class technology. It’s a relationship we’re excited to develop as Lyca Remit grows within the Money Transfer Sector.”
Jens Bader, Secure Trading’s CCO said “This is the sort of project we relish, allowing us to use all of our payments expertise to deliver something that ticks every box. Lycamoney’s platform is going to revolutionise the way that their customers transfer money around the world, and all within a secure environment.”
About Secure Trading
Secure Trading is one of the world’s leading independent payment management companies. We help online businesses succeed through cutting-edge technology, world-leading expertise and a culture dedicated to trust. http://www.securetrading.com
Lycamoney Limited (www.lycamoney.com) is the financial services division of Lycamobile and was first established in 2009. The first product launched in early 2011 was the Lycamoney Prepaid MasterCard®, the Lycamoney Card is issued by Transact Network limited under License from MasterCard International.