SafeCharge Granted VISA Europe Principal Membership Status

Global payment solution provider, Safecharge, has been granted principal membership status for merchant acquiring by VISA Europe.

The agreement with Visa Europe, the association of European banks that operate the Visa brand of electronic cards, allows Safecharge to process Visa transactions for merchants in the UK and across Europe. The membership status is expected to reduce the company's direct acquiring cost structure, accelerate the merchant Acquisition process and improve its competitive position for winning new business.

The firm says that it complements its membership of MasterCard Europe, which was granted in December 2013.

David Avgi, CEO of SafeCharge, commented: "Principal Membership of both VISA Europe and MasterCard Europe is a major milestone for SafeCharge and a key part of our strategy to position the Company as a leading player in on-line Payments ."

"The membership has been granted following a thorough due-diligence process and serves as a stamp of approval for the quality and transparency of our technologies and services", Mr. Avgi added. "I am proud of this achievement and look forward to working as a member of the schemes and the benefits this will bring."