iPayment re-brands as Paysafe

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Aug 15, 2018, 10:00 ET

Decision follows Paysafe Group's acquisition of iPayment and reflects its growing scale in North America

LONDON, Aug. 15, 2018 /PRNewswire/ -- Following its recent US acquisition of iPayment Holdings, Inc., Paysafe Group announces today it plans to sunset the iPayment brand and replace it with its own recently re-launched brand identity and 'Plug into Paysafe' proposition. The over-hauled Paysafe brand strategy, which was revealed in May, and is articulated through a new 'Plug into Paysafe' strapline, emphasizes the global payment provider's commitment to delivering an unrivalled payments platform which merchants, partners, developers and consumers can 'plug into'. Once plugged in, the one stop Paysafe payments platform gives access to a unique portfolio of payments capabilities from processing, to cash solutions, to point of sale technology.

The strategy and plans behind the iPayment re-brand decision will be shared in person with approximately 200 of iPayment's ISO and agent partners at their annual Partner Conference which takes place today in Kissimmee, Florida.

According to Paysafe's North America CEO of Payment Processing, Todd Linden, the re-brand of iPayment is more than just a change of name and logo, he argues it marks an industry milestone as two leading payments players come together with a shared vision to deliver something very different in North America.

Linden commented: "As a result of the iPayment acquisition, Paysafe is now one of the leading payment processors in the US and it makes sense for us to capitalize on this strengthened position and go to market through one consistent brand strategy and vision. Our new 'Plug into Paysafe' brand positioning has resonated really well with our customers and partners and the iPayment team are enthusiastic about taking advantage of it as we merge together to deliver a truly unique payments offering in North America. I'm confident we have the opportunity to do something very bold and special in the payments space – these are exciting times."

The Paysafe brand will replace the parent brand, iPayment Holdings, Inc., as well as its iPayment Capital brand with immediate effect.

iPayment's Annual Partner Conference 2018, which takes place today and tomorrow, will provide nearly 200 of iPayment's ISO and agent partners an exclusive sneak peek into future offerings, including new technology and tools, as well as business and product opportunities designed to generate new revenue streams. The event, which has been running for over 10 years, is well established within the industry as a strong networking occasion, and a payments calendar highlight, amongst both industry organizations as well as professionals representing all parts of the payments ecosystem. As well as thought-provoking keynote and panel sessions, it also features a product showcase from approximately 35 industry vendors. The conference is supported by title sponsor First Data, as well as premier sponsors, American Express, Visa/Authorize.Net and Iris CRM.

About Paysafe

Paysafe is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. With over 20 years of online payment experience, a combined transactional volume of US $56 billion in 2017 and approximately 3,000 employees located in 12+ global locations. Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world. For more information, visit www.paysafe.com.

SOURCE Paysafe