SegPay Reports Record Year, Mobile to Drive 2013

FT. LAUDERDALE, Fla. — Internet payment processor SegPay reported today that 2012 was a record year for client sales and revenues.

The company said new client sign-ups, including Mr. Skin, Duke Dollars, Belami, and Score Group, jumped revenue 15 percent year over year. Demand for mobile, new revenue streams and solutions were key factors driving SegPay’s growth — and ultimately client revenue.

“Technology innovations, with a focus on mobile, will continue to dominate the landscape for IPSPs in 2013,” Cathy Beardsley, President and CEO said.

She added, “We have made a concerted effort to boost our mobile offering.  It’s something clients have been asking about and it’s a service we are proud to offer. I expect to make additional technological investments in 2013 that will positively impact the user experience for SegPay clients.”

Beardsley predicted more growth for 2013, as IPSPs continue to evolve and expand technological offerings. The executive said IPSP technology is advancing on many fronts, especially in the mobile space.

SegPay maintained that webmasters are seeing a larger portion of their revenue coming from mobile devices and it's made it a priority to advance the technology to make mobile payments easy for both webmasters and customers. "One-click payments and mobile friendly payment pages allow webmasters to sell their content to an ever growing number of tablet and smart phone users,” SegPay said.

The company expects its success to continue in 2013 with the addition of new revenue streams from more original content platforms, comprehensive stats and reporting for its clients, and bolstered cloud-based technology to support peak-time traffic with improved around-the-clock customer service.

“2013, much like 2012, will focus on the user experience and additional revenue streams for our clients,” SegPay noted. “Webmasters will focus on enhanced offerings for customers and IPSPs that will ensure transactions process smoothly. These innovations and more mobile platforms will lead to growth in the IPSP industry for those able to create a rich, simple and reliable experience for clients."