PAAY announces partnership with USAePAY, Providing their clients with a safe, fast, and simple way to offer online payments.

NEW YORK, April 24, 2014 /PRNewswire-iReach/ -- PAAY, the innovative mobile wallet, and USAePAY, the industry-leading payment processing service for businesses, today announce a partnership to deliver a safe, fast, and simple online payment service to hundreds of thousands of merchants.

PAAY will streamline merchants' online transactions, allowing consumers to use the wallet to bypass the often lengthy online checkout process. Consumers simply enter their number into the PAAY widget at checkout and the transaction is pushed to their phone where they will review the order and accept by inputting their personal pin. It's a quick process, which means a faster checkout and greatly reduced cart abandonment rates for merchants. PAAY also provides stronger protection from fraud by tokenizing and deleting consumer's credit cards after they are entered into the app.

PAAY truly differentiates itself from other mobile wallets in the level of security offered by its software. Through its partnership with MasterCode™ and Verified by Visa™, PAAY is able to reduce the risk inherent in CNP (Card Not Present) transactions. This enables PAAY to shift fraud liability away from merchants and processors as well as lower their interchange rates.

Together PAAY and USAePAY will be able to offer these benefits to hundreds of thousands of merchants and millions of consumers within the next couple months. PAAY's easy integration into any online shopping cart will enable USAePAY's clients to quickly adopt and utilize the payment service.

Yitz Mendlowitz, CEO of PAAY, commented, "improving the way we make online payments has always been the goal of PAAY. We imagined an app that would ensure simple, fast, and, above all, safe payments for both consumers and merchants. Our partnership with USAePAY will enable us to finally bring our secure, innovative payment system to US merchants."

Vlad Galyuz, VP of Technology at USAePay, stated, "In the age of online security and vulnerabilities one can never be too secure with their personal payment information. PAAY offers a 2-factor authentication making payments secure and simple. USAePay is excited that this technology can be used along our intuitive payment gateway services. Merchants can now offer easier online checkout and customers can experience a speedy yet secure purchase process."

About USAePAY

USAePay is a family-owned business based in Los Angeles, CA. For over 15 years, the company has been assisting merchants with payment solutions to fit their needs. USAePay's payment gateway supports most of the major platforms in the credit card industry and works with some of the leading check platforms. USAePay is pleased to work with most of the larger merchant service banks in the US and Canada. For more information, please visit http://www.usaepay.com or call 866.USA.EPAY (872-3729).

About PAAY

PAAY is an innovative mobile wallet that offers a safe, fast and incredibly simple way to make payments online. PAAY's secure software and 2-factor authentication ensures that consumers, merchants and processors are protected from fraud as well as reducing transaction fees and shifting liability. PAAY is an independent startup located in New York, NY.

For further information please contact: [email protected] or visit our website paay.co.

Media Contact: Yitz Mendlowitz, PAAY, 5165003778, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE PAAY