Optimal Payments Launches its Real-Time NETBANX Merchant Onboarding Service

MONTREAL and NEW YORK, October 23, 2014

Using a fully automated and paperless online merchant application, the service streamlines the onboarding process and allows merchants to immediately begin accepting payments from their websites.

Optimal Payments Plc (LSE AIM: OPAY), a leading global online payments provider, announces the launch of its payment facilitator NETBANX Merchant Onboarding Service. The user-friendly, fully automated online merchant application is integrated directly to the NETBANX payment gateway and services and is an ideal solution for companies that want to offer payment processing as a value-added service. Designed for partners, the NETBANX Merchant Onboarding Service can be fully branded and customized, allowing ISO/MSP partners, integrated SaaS and platform providers and e-commerce partners to offer a seamless experience to their clients.

Leveraging the company's global acquiring relationships and Payment Facilitator licenses in the U.S., Canada, and Europe, Optimal Payments' partners using the service will be able to provide their clients with same-day merchant accounts in 16 countries. The NETBANX Merchant Onboarding Service replaces the lengthy traditional paper process by fully automating the application process, merchant underwriting, and merchant account generation. Optimal Payments' partners will be able to quickly and efficiently provide their clients with merchant accounts and all of the NETBANX payment gateway services without having to invest in technology, operations and risk management.

"The demand for online payments is evolving at an accelerated pace and companies that would like to include branded payment services as part of their service offerings struggle with the cumbersome process of managing paper-based applications, and the regulator complexities involved in offering merchant accounts," said Danny Chazonoff, chief operating officer, Optimal Payments. "With our experience as a trusted PSP and our connectivity to global bankcard associations and financial networks, we are able simplify the merchant application and acquiring process for our partners."

Merchant accounts provided by the NETBANX Merchant Onboarding Service will give our partners' clients full access to Optimal Payments' NETBANX payment gateway and processing services. The PCI DSS Level 1 compliant payments platform includes online global multi-currency payment processing, recurring billing, tokenization, customer profile management, extensive fraud-management tools, and complete back-office real-time transaction data and reporting.

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