Pivotal Payments Partners With NetSecure to Develop Branded Mobile Payment Application

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Apr 17, 2012, 07:00 ET

Businesses using smartphones or tablets can accept credit cards using the mobile payment processing platform

MONTREAL, April 17, 2012 /PRNewswire/ - Pivotal Payments, North America's fastest growing payment processor today announces a partnership with NetSecure Payments to develop a mobile payment application for smartphones and tablets. This application will allow merchants to swipe, authorize and settle credit card transactions without the use of hardwired terminals. It will be released in Canada during Q2 2012 and U.S. availability will follow. Mobile payments are expected to quadruple to $630 billion by 2014, providing an opportunity for sales expansion, reduced credit losses and growth through innovation.

NetSecure's payment application will be branded to Pivotal Payments and allow merchants to accept credit cards from virtually any location, offering flexible and secure card payments with a cellular-connected mobile device such as an iPhone, Blackberry, Android or iPad. With the addition of an encrypted card swiper that connects into the audio port, the integrated solution is versatile and supported across a multitude of smartphones and tablets.

Led by Android and iPhone devices, over 100 million Americans currently use smartphones and in Canada, they account for nearly 40 percent of the mobile market. "We believe that payment mobility appeals to a large base of our existing and potential new customers and by partnering with NetSecure, we can continually adapt to meet the growing needs of our marketplace," said Philip Fayer, President and CEO, Pivotal Payments.

"Our vision is to provide consumer-friendly applications and a partnership with an innovative and dependable company such as Pivotal Payments helps our goal of enabling mobile payments as a preferred method of payment for consumers and merchants," said Daniel McCann, President of NetSecure Payments.

Pivotal Payments will offer this service to merchants directly through its own sales channels and through its base of over 1,500 partners in the USA and Canada.

About Pivotal Payments

Pivotal Payments is a leading provider and processor of merchant services throughout North America. It provides to both online and point of sale merchants a variety of services such as credit and debit card processing, electronic check conversion, merchant cash advance programs, loyalty/gift card programs and terminal management solutions. The company provides these services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. With offices across North America, Pivotal Payments has grown to over 400 employees and over 1,500 sales partners and serves more than 60,000 customers. The company processes over US$10 billion in annual transaction volume.

Company and product information are available at http://www.pivotalpayments.com

About NetSecure Payments

NetSecure is at the leading edge of mobile and eCommerce solutions, tailored to the specific and evolving needs of merchant and consumers. Directly and in partnership with some of the payment industry's leading providers, NetSecure create unique, user friendly solutions that allow merchants and consumers to fully embrace mobile and eCommerce payments.

For more information, visit http://www.netsecuretechnologies.com

SOURCE PIVOTAL PAYMENTS