FORT LAUDERDALE, Fla. — SegPay, a global leader in online payment processing, announced today the company is celebrating 10 successful years in business.
SegPay has demonstrated steady growth with both its staff and its processing technology during the past decade as it has developed some of the top digital payment platform options in the business.
SegPay launched in the summer of 2005, the same year as YouTube and before the mobile device craze had begun. The company has seen the launch of Twitter in 2006 and the introduction of Apple’s iPhone in 2007 followed by the iPad in 2009.
As the need for the ability to pay on any device, anywhere grew SegPay not only answered the need but led payment processors by optimizing payment pages for mobile devices and offering the best technology solutions available, the companys said. SegPay said it is the only online biller offering segregated payments.
“We are so proud to have reached this milestone,” said Cathy Beardsley, president and CEO of SegPay. “Our greatest strength is our customer service. Over the next 10 years, we plan to stay ahead of the curve offering new and enhanced tools like our Fraud Mitigation System.”
This year, SegPay implemented new cutting-edge risk and fraud protection programs to better serve a variety of business models along with a new POS system offering customizable payment processing templates, direct debit payment services in multiple countries and enhanced pay page error handling. Additionally, SegPay launched its new device responsive website today, designed to make it easier for online merchants to learn more about SegPay and its suite of products and services.
The payment processor has created a solid reputation among high-risk digital merchants, acquiring banks and the Card Schemes. SegPay said it strives to always be the first payment processor to comply with ever-changing industry regulations and is one of the few IPSPs compliant with the European Payment Services Directive.
The company has built relationships that support merchants in the U.S., Canada, and the European Union helping process payments for consumers around the globe.
SegPay’s first client, is still a client today. VideosZ.com, a pioneer in interactive adult video, selected SegPay in 2005 for the company’s strength in high-risk credit card processing.
“SegPay was a clear choice for us over a decade ago and still is today,” said Clement, president of VideosZ.com. “We were drawn to SegPay’s superior customer service in 2005 and the team’s combined experience in the high-risk processing space. We continue to use SegPay as our processor of choice because of the company’s early implementation of cutting edge technology and its commitment to stay compliant with the Card Schemes.”
SegPay said its success has allowed the company to grow in staff size, helping to support its ever growing client base. This year alone, the payment processor has landed several new major accounts in the high-risk credit card processing space. SegPay is currently expanding its office space at its headquarters in South Florida while also entering into several new strategic partnerships.
SegPay is also the proud sponsor of an up and coming NASCAR race car driver, Garrett Smithley. The sponsorship includes both on-track and online races both sanctioned by NASCAR. The sponsorship was developed by SegPay’s marketing firm Creaxion, who’s been working with SegPay since 2011. The sponsorship is designed to help accelerate the company’s move into rapidly expanding segments of e-commerce.
“E-commerce has grown over 100 billion dollars in the last 10 years, and is predicted to continue to grow as people spend more time on their tablets and mobile devices,” said Jeff Rosenzweig, SegPay’s director of customer experience. “Consumers spent an estimated $24 billion on video games, hardware and accessories in 2014. SegPay is ready to help merchants meet the growing demand of processing transactions on any device from any geographic location.”