:: Big News From Epoch

[rand]

(Marina del Rey, CA) Epoch Transactions Services, aka Paycom Billing Services, an High Risk Internet Payment Service Provider (HRIPSP), announced today that they will begin accepting Switch and Solo - two additional electronic payment types which target the markets in the United Kingdom.

Switch, which began business in 1988, and Solo which started in 1997, currently have over 29 million cards in circulation. Both cards may be used on the Internet to make purchases with merchants who display their logos. Both card types are being added to all Paycom payment acceptance forms effective immediately.

“We expect that by accepting Switch and Solo we will see a significant increase in sales from the UK” said Clay Andrews, President of Paycom. “Switch and Solo are two of the most recognized payment types in the UK and Paycom is currently the only U.S. HRIPSP to accept this card type.”

Joel Hall, CTO of Paycom, said “Integration of Switch and Solo is seamless to our clients who will not need to affect any changes to begin accepting these new card types.”

Use of the Switch card is expected to grow significantly as it is re-branded internationally as Maestro, and saw card volume top 68.7 billion British Pounds in 2003, or roughly $130 billion in US dollars. Paycom also accepts the Switch/Maestro card type.

In the UK, plastic expenditure has overtaken cash for the first time and debit cards now account for two-thirds of all plastic card payments.

This new feature is the first of many to be released by Paycom in 2005 designed to help sponsored merchants make the most of their online businesses.

[FeTiShLaDy]

cool! i think this is a good news for everyone.

[Evil Chris]

Congratulations on the growth, Rand.
Do you have any idea when or if epassporte will have the ability to transfer funds to paypal? Is this in the works at all?

[rand]

Originally posted by Evil Chris
Congratulations on the growth, Rand.
Do you have any idea when or if epassporte will have the ability to transfer funds to paypal? Is this in the works at all?

PayPal is a competing product who has made and enforced policy that specifically prohibits comingling of funds derived from the adult business. Although not impossible, I think their policy's alone make a an agreement between the two very unlikely.

[Visualad]

Rand, I sent you an email, would be cool if you could answer it and help me out.

from peter @ perfectodollars.com

Thanks in advance.

[rand]

Originally posted by Visualad
Rand, I sent you an email, would be cool if you could answer it and help me out.

from peter @ perfectodollars.com

Thanks in advance.

You've got mail!