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For Immediate Release
Global Payments Wins Top Internet Card Processing Award from MasterCard Worldwide
HONG KONG - November 26, 2008 – Global Payments Asia-Pacific Limited (“Global Payments”) was recently named by MasterCard Worldwide as its Top Processing Partner for the Global WebPay™ product that leverages the MasterCard Internet Gateway Service (MiGS) for online card processing. Global Payments was chosen from more than 69 bankcard acquirers that use MasterCard’s Internet gateway today across Asia Pacific, the Middle East and Africa.
Global Payments’ win is attributed to Global WebPay’s unique solution that provides online merchants with the capability to process multi-country, multi-sales channel and multi-currency card transactions. The Global WebPay product offers merchants a Web-based user interface to integrate their online stores, call centers and IVR sales through a single connection. This single interface requires minimal integration which significantly reduces operating costs and allows merchants to seamlessly integrate all their card-not-present transactions across multiple jurisdictions in Asia. Global WebPay is currently available in 9 Asian markets: Hong Kong, Brunei, India, Malaysia, the Maldives, the Philippines, Singapore, Sri Lanka and Taiwan. This product offers online merchants more than 50 transaction currencies and ten payment currencies, thereby allowing merchants to receive funding in local Asian currencies and minimize forex related costs.
“We are proud to win this top industry accolade for our Internet payment processing product from MasterCard Worldwide. This award is in recognition of our leadership in delivering innovative and competitive payment products to Internet merchants for increased sales and greater efficiency. By utilizing Global WebPay, merchants can take advantage of our domestic acquiring service and local currency funding across several Asian markets without being impacted by cross border assessments,” said Managing Director, Global Payments Asia-Pacific Limited., Ian Courtnage.
About Global Payments Asia-Pacific Limited
This announcement may contain forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.