ProPay, providers of a personal payment service that allows individuals to securely and easily accept credit cards online, in person or through WAP-enabled devices, announced a strategic partnership with AuctionWatch.com, the leading provider of solutions that enable businesses to leverage dynamic commerce. The agreement allows AuctionWatch.com’s sellers to accept a credit card directly from buyers, unlike other payment models that separate the buyer and seller from the credit card transaction by prefunding an account.
Through the partnership, AuctionWatch.com users are able to buy and sell using their ProPay commerce account. Buyers retain their full rights to dispute a charge through their credit card companies and are not required to disclose their confidential account information to the seller. Sellers are able to receive payment much quicker and can accept a credit card from any buyer regardless of whether or not the buyer has a ProPay account.
“ProPay’s services are the first of their kind for our site, where buyers can purchase knowing their credit card information is kept confidential and that they are protected against fraud, misrepresentation and unfulfilled delivery,” said Rodrigo Sales, CEO of AuctionWatch.com. “Increasing purchasing confidence and making the payment process more convenient are part of our dedication to providing our members with value-added services.”
ProPay Announces CEO;
Industry Veteran Brings Over 15 Years of Finance and Investment Experience
ProPay, providers of a personal payment service that allows individuals to securely and easily accept credit cards online, in person or through WAP-enabled devices, today announced that Gary Goodrich has joined the company as CEO.
Goodrich comes to ProPay with more than 15 years of finance industry experience. During his four years with Goldman, Sachs & Co., Goodrich helped launch the firm’s first modern stock exchange funds and became the West Coast restricted stock specialist, covering Silicon Valley technology companies. Goodrich also worked for Kidder, Peabody as the national director of a product group before later becoming a divisional vice president with Paine Webber, where he was integral in negotiating partnerships with third-party trust companies.Details