Announcing New Online Maestro Acceptance
TEL AVIV, ISRAEL, JUNE 26, 2006 - ImGlobal, Ltd., a Merchant Services Provider for businesses that require credit & debit card processing services to accept payments for Internet, Mail-Order Telephone-Order (MOTO), & POS/Retail transactions, announced today that ImGlobal Payments merchants will be able to offer their EU online customers payments with Maestro cards, starting July.
ImGlobal Payments will become the first ISO/MSP to offer their merchants an online Maestro acceptance for customers both within and outside the UK. This will open up a whole new consumer market as Maestro is the most popular debit card in the UK and is quickly becoming so throughout Europe.
Maestro originates from the Switch and Solo payment systems, which were both very popular in the UK. In 2004 MasterCard took over these systems and then merged and transformed them into the Maestro system. Since then, service cards issued by banks throughout Europe - previously issued as ec-cards - now carry the Maestro Logo. There are currently over 30 million cards alone in the UK. The Maestro logo is often combined with the Solo logo and, for a transitional period, with the Switch logo.
Maestro cards issued in the UK can be used for internet transactions immediately. Authentication consists of using the cardholder's name, the card number and PIN, which is secured using MasterCard SecureCode. This makes Maestro one of the most secure online payment methods for merchants.
Existing merchants will need to sign an acceptance contract. New merchants will automatically be able to accept Maestro alongside the current suite of Visa and MasterCard credit and debit cards.
About Maestro
PIN-based, global, direct cash access. Purchasing power at more than 5 million terminals worldwide. All directly from your bank account. It's truly a comforting thought-your money wherever you are. When you carry Maestro, you'll find card acceptance and cash access at merchants and ATMs in more than 81 countries around the globe; just look for the Maestro acceptance decal.
About MasterCard International
MasterCard is the critical link among financial institutions and millions of businesses, cardholders and merchants worldwide, providing services in more than 210 countries and territories. More than just a powerful network, MasterCard drives worldwide commerce by developing more secure, convenient and rewarding payment solutions, processing billions of payments seamlessly across the globe, and building economic connections that accelerate business.
About ImGlobal, Ltd.
ImGlobal Payments is a Merchant Services Provider for businesses that require credit & debit card processing services to accept payments for Internet, Mail-Order Telephone-Order (MOTO), & POS/Retail transactions.
Founded in 1999, ImGlobal Payments provides a top-rated and customizable solution that are guaranteed to be fast, reliable and secure to process credit card payments. ImGlobal Payments Offers Payment Solutions that Lead Your Business to The Web, Safely.
For more information about ImGlobal Payments, please visit the Company's website at
www.imglobalpayments.com.
Farrah Fidler
Director of Public Relations
ImGlobal, Ltd.
Tel: +972 3 547-1975