Wednesday, 20 February 2013

Omnipay wins Information' award at the 2013 Merchant Payments Ecosystem (MPE) gala awards



OmniPay, a First Data company and
global payments processor, today announced that it has won a prestigious
award at the 2013 Merchant Payments Ecosystem (MPE) gala awards in
Berlin.

OmniPay won the 2013 'Information' award which goes to the company which
has developed and launched the most innovative new information exchange
system in the payments industry. OmniPay won the award based on its new
Payments Aggregation Acquiring Service (PAAS) which is seen as a
pioneering new service for both OmniPay and the payments acceptance
industry.

OmniPay PAAS was developed to allow its acquiring clients to broaden the
type and number of merchants eligible to receive card payments and to
standardise payment aggregation business models. OmniPay's model offers
a more cost-effective solution suited to the needs of the smaller
merchant and enables them to offer their customers a wider choice of
payment options. Cardholders are able to enjoy the advantages of card
payment with merchants who traditionally would not have been able to
accept this form of payment.

OmniPay supports 34 acquiring banks and 5.4 million merchants in 73
countries and 149 currencies. It currently processes 1.2 billion
transactions annually.

Speaking at the awards ceremony, Hubert O'Donoghue, CEO and co-founder
of OmniPay, said, "Winning this year's 'Information' award further
cements OmniPay's position as one of the world's most innovative
payments processing companies. It's fantastic to receive this
recognition from some of the industry's most respected figures. We
firmly believe that PAAS is a significant advancement for both OmniPay
and the payments acceptance industry. The substantial adoption of
OmniPay PAAS by our clients is testimony to the appeal of this exciting
new service."

The award win follows within weeks of OmniPay's announcement that it is
creating 30 new jobs at its headquarters in Clonskeagh, Dublin, bringing
its total workforce to almost 200 people. First Data is also funding
investment to develop and extend its global payments processing
platform.