Payment processor ECommPay attains MasterCard Principal Member status

Having become a VISA Principal Member earlier this year, payment processor ECommPay has now attained a similar honour from international payment system MasterCard. The title of MasterCard Principal Member, awarded on April 29th 2015, as well as the accompanying license agreements, are valid in all member states of the European Union.

Michael C.G. Charalambides, director of ECommPay’s Cyprus office, had the following to say regarding the company’s newly acquired status: “Receiving Principal Member status in both VISA and MasterCard is a clear demonstration of ECommPay’s determination and progression in becoming a leader in acquiring solutions. The MasterCard license confirms the level of quality and the innovation of solutions offered, not to mention the technical merit of our antifraud systems and the successful internal operational processes under which our company functions. The new status allows us to connect merchants to MasterCard directly, without the necessity of going through a bank-acquirer, which cuts down on time and costs and allows ECommPay to realise new, lucrative projects.”

The flexibility and creativity with which ECommPay approaches payment processing challenges, alongside a deep understanding of the industries in which the company operates and a willingness to tackle any problem, allows ECommPay to constantly evolve and develop. It offers clients the most progressive solutions, combined with an individual approach and a high degree of professional support.

The majority of ECommPay’s clients are large processing centres and merchants, payment systems, financial organisations, retail Forex brokers, and other key e-Commerce players in Europe, Russia, and the CIS. ECommPay is an authorized payment institution (API), holding Financial Conduct Authority (FCA) license 607597. The company is certified under PCI DSS Level 1 and holds VISA Principal Member status.

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