Pago eTransaction Services GmbH - Pago announces barrage of Maestro International

Online merchants can now access UK and all-embracing Maestro transactions

Cologne, 31 October 2007 - Pago eTransaction Services GmbH has accustomed the blooming ablaze to Maestro International for e-commerce transactions. In Summer 2006 Pago became the aboriginal acquirer alfresco the UK to action Maestro UK Acceptance. Now, afterwards a acknowledged balloon period, Pago has just started the abide processing of Maestro International affairs too. Merchants who plan with Pago can now action Maestro, the world's arch debit transaction method, to all their barter for their internet affairs too.

"Acceptance of Maestro International strengthens Pago's position in the all-embracing transaction market," said Jürgen Herold, Managing Director of Pago eTransaction Services. "The befalling to action Maestro Acceptance to all online merchants throughout Europe is acute in agreement of our all-embracing action of accouterment all the important transaction methods aural European countries."

Maestro cards are to become e-commerce-enabled in several added European countries, in accession to the UK. This is already the case in Austria and Spain, and added countries will follow. In ablaze of SEPA (Single Euro Payments Area), the individual all-embracing transaction processing regime, Maestro may bound advance into Europe's a lot of important debit agenda system. Currently some 250 actor Maestro cards accept been issued.

In acceptable Card-not-Present businesses, i.e. internet, mail adjustment and blast based business models, this new development will present online merchants with new chump potential. Maestro Acceptance is aswell a amount able addition for merchants because transaction fees are lower than for acclaim cards and chargeback risks are aswell about lower for debit agenda transactions.

Maestro is aswell a modern, advanced transaction adjustment in agreement of security. All merchants who access Maestro affairs accept to participate in MasterCard's SecureCode affairs which allows the character of the cardholder to be bent if the agenda is acclimated for payment. This ensures added aegis for both the chump and the merchant.

Growing numbers of consumers are now application Maestro cards for their online shopping. In adverse to the accustomed Maestro agenda - like the EC agenda acclimated broadly in Germany - the e-commerce-enabled adaptation will accept the archetypal aegis appearance now begin on acclaim cards. The cards will be issued with the afterward features:

* The chump have to apperceive his/her Maestro Card number; for archetype it may be arresting on the agenda like on acclaim cards or it may be beatific to the chump by their bank. Up until now the amount was stored alone on the alluring band on the agenda and alone the customer's anniversary number, array cipher and centralized agenda amount of the arising case were arresting on some cards, like the German EC cards.
* The chump will accept a Maestro SecureCode from his agenda issuer. When authoritative an online transaction application Maestro SecureCode, the cardholder have to accredit him/herself by giving his agenda amount and his/her claimed SecureCode (password).

Press contact

Pago eTransaction Services GmbH
Tobias F. Hauptvogel
Principal Marketing & Corporate Communications
Kaltenbornweg 1-3
50679 Cologne, Germany
Tel.+49 (0)221 3208 728
Fax.+49 (0)221 3208 8728
E-Mail:presse@pago.de

dreimarketing GmbH
Gernot Speck
Pinienstr. 2
40233 Düsseldorf, Germany
Tel.+49 (0)211 984946 52
Fax.+49 (0)211 984946 53
E-Mail:pago@dreimarketing.de

About Pago eTransaction Services GmbH:
Pago eTransaction Services GmbH (Cologne, Germany) is an all-embracing Acquer & Payment Service Provider for e-commerce businesses, shops (point-of-sale) and mail-order businesses. Pago enables its audience to accept payments for their appurtenances and casework deeply and bound through cyberbanking channels. Because of the different affiliation of agenda accepting and transaction processing, Pago gives businesses of all sizes acceptance to all internationally and nationally accordant transaction methods. The ambit of transaction methods includes Visa, MasterCard, Maestro, American Express, Diners Club and JCB as able-bodied as locally acclimated absolute debit methods and giropay. In accession to transaction processing and accident administration services, Pago aswell offers busy and accurate business administering casework - such as debtor administration and added services, which accredit online merchants to ascendancy and bigger defended their transaction processing.

Pago was founded in 1999 and is a Deutsche Bank AG and BHS Verwaltungs AG company, alms its casework through a all-around accomplice network. Clients cover merchants from all industry sectors . from retailers to telecommunications to the biking industry - operating in both e-commerce and bricks-and-mortar environments. Pago currently operates over 6,000 breath online-shop solutions. Transactions from about 6,500 terminals are candy through the Pago Platform (October 2007).

Further advice can be begin at www.pago-international.com.