Card Commerce continues to growThursday, 21 July 2011 Payments provider posts 40% year-on-year growthDublin, Ireland. 22 Jul 2011: Card Commerce today announced 40% year-on-year topline growth for the first half of 2011. Card Commerce is a leading provider of cost effective payments solutions, with a core competency in prepaid. The company has white labelled its proprietary platform and service capability to a number of major financial institutions, including Barclaycard, HSBC Merchant Services and Elavon. This capability allows those partners to develop, launch and manage valuable, revenue-generating programmes for their customers.
Dave Hunter, Managing Director of Card Commerce said: “We are delighted to have continued our growth trajectory into 2011. It is a very difficult environment, particularly in our key sectors of financial services and retail. While our growth has principally been in our core markets of the UK and Ireland, this year has seen our first forays into Europe and we now support programs across a number of European countries, something that we will see increasing for the remainder of 2011."
To date, Card Commerce’s platform PayPlus has been used primarily to deploy gift card programmes in merchants such as Lacoste, Radisson Hotels, Trailfinders, Sunglass Hut and H Samuel. However, the company is starting to see the platform utilised in a number of different ways.
Hunter continued "A number of our partners have also leveraged our platform for other purposes. While initially they may have engaged with us for closed loop prepaid, the platform is much more than that, it is essentially designed as a ‘banking lite’ platform and we are seeing increased activity in that direction”.
About Card Commerce
Card Commerce is a leading provider of cost effective payments solutions, with a core competency in prepaid. We work with Merchants to deliver superior value Credit & Debit Card Processing, Gift Card, Rewards, Savings & Promotions and other solutions that are designed to increase merchant sales and reduce costs.
Our prepaid platform and service capability is white-labelled by the major acquirers, including Barclaycard, HSBC Merchant Services and Elavon, bringing valuable revenue-generating gift card programs to their customers. Card Commerce was a finalist in Deloitte’s Irish Fast 50 and European Fast 500 in 2009 and 2010.
For further information please contact:
Scott McInnes, Marketing Director
Card Commerce
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: 0870 735 2829 (UK) or 01 617 7980 (Ire)
Add comment
|
|
|
|
|
