Value For Partners

Consumers want greater payment choices for online shopping that are secure and convenient. Merchants want to lower their transaction fees and reduce fraud.

Issuers are watching their online market share slowly erode, as merchants steer consumers to lower-cost, lower-risk bank card alternatives like PayPal and Bill Me Later. By 2012, it is estimated that alternative payment methods will capture 30% of the E-commerce market, up from just 14% today.

PaySecure meets merchant demands for lower costs and reduced fraud, while offering consumers the ideal balance of security, ease of use and convenience. PaySecure is a competitive weapon for issuers that provides a better value proposition than alternatives, allowing issuers to keep more business "in the bank" and grow market share.

PaySecure Value to Issuers

Attractive Margins: With a higher interchange than POS PIN debit, PaySecure provides attractive margins to issuers by cutting network assessments, fraud losses, and administrative costs by 75-80%.
Incremental Volume: PaySecure brings new transactions from security conscious consumers, those that prefer to pay with PIN debit and consumers that have “PIN-only” debit cards.
Leverages Existing Channels: PaySecure is a simple payment solution that leverages existing systems and EFT network connections.
Compelling Alternative: PaySecure reduces fraud and charge-backs, is quickly integrated into the online checkout, and provides merchants an immediate ROI, while offering consumers the most familiar and simple payment experience of any alternative.
Brand Extension: PaySecure extends the issuer brand to the checkout, increasing brand awareness and reinforcing customer loyalty.

Meeting Consumer Demands

Consumers like the extra security PaySecure provides and find PaySecure easy to use and familiar. Additionally, our research has demonstrated that consumers would prefer to use PaySecure over a leading non-bank sponsored alternative, and PaySecure has the potential to increase online debit card transactions.

PaySecure is available now to issuers that use ACCEL/Exchange, NYCE and PULSE as their EFT network. Alaska Option, Credit Union 24 and SHAZAM will be adding PaySecure to their suite of product offerings in 2010.

Contact us for more information on enabling your financial institution for PaySecure.