ePagos.com, an e-business solutions enabler, was chosen by Globeset, the leading global supplier of secure ePayments infrastructure services and products, as an OEM of SET (Secure Electronic Transactions) in Latin America and the Caribbean, leveling the “playing field” for small and medium sized merchants.
As an OEM (Original Equipment Manufacturer) or reseller of SET, ePagos will enable businesses in Latin America to transact using the recognized emerging standard for secure payment card purchases over the Internet. Visa and MasterCard and their technology partners, including Globeset, developed the protocol.
SET utilizes cryptography to prevent interception of cardholder account numbers, expiration dates and payment information providing confidentiality of information, ensure payment integrity, and identity authentication. The standard calls for authentication of all parties to the transaction, including the cardholder, merchant, as well as the processing and issuing banks through the use of digital certificates. These digital certificates attest that an entity or individual is whom they claim to be and are issued by a certificate authority (CA). The CA is a trusted third party organization responsible for guaranteeing that individuals or entities who granted a digital certificate are in fact whom they claim to be.
“ePagos and Globeset are bringing the world of secure electronic commerce closer to small and medium sized businesses in the region allowing them to compete with the major players,” said Marco Zeledon, executive vice president of ePagos.com. “The alliance combines ePagos’ solutions to assist merchants with every facet of creating an e-commerce site, including but not limited to registering a domain name, Web hosting, design, calculating sales tax and shipping to accepting and clearing credit cards online with Globeset’s ePayments infrastructure.”
Additionally, Globeset has certified ePagos to serve as the OEM to financial institutions in the region providing issuing and acquiring banks a low maintenance purchasing application as well as allowing them to transact with merchants on the Internet.
“We consider this to be a key strategic relationship in expanding Globeset technology into the Latin American market. By incorporating the Globeset payment engine into its service, ePagos can make low cost, real time, and safe eCommerce a reality,” said Dale Howe, senior vice president, worldwide field operations, Globeset.
Headquartered in Miami, Florida, ePagos.com, is an affordable e-business solutions enabler to over 4,000 small to medium sized businesses in Latin America and the U.S. Hispanic market, including Web hosting, design, online credit card acceptance and clearing capabilities. ePagos’ cost effective and user-friendly solutions in Spanish, Portuguese and English allows small to medium sized businesses to be a part of the Internet revolution. For more information, please visit our Web site at [http://www.epagos.com].
Globeset is the leading global supplier of secure ePayments infrastructure services and products for buyers, sellers and financial-service providers. The Globeset ePayments infrastructure provides a globally consistent and secure connection — anytime, anywhere — among financial-service providers, electronic exchanges, buyers and sellers. This infrastructure simplifies process flows and reduces costs associated with ePayments. For more information, visit the company’s Web site at: [http://www.globeset.com].