NEW YORK, Jan. 14, 2015 /PRNewswire/ -- JetPay®
Payment Services – a division of JetPay Corporation (NASDAQ: JTPY)
-- a full end-to-end payments processor specializing in complete
technology solutions for the e-commerce and card-not-present
marketplace, and Cardis USA, a
division of Cardis International, the award-winning developer of
low-value payment processing solutions, announced Wednesday the
launch of a new small payments processing solution. This solution
is designed for digital content providers in entertainment,
publishing and gaming industries. The new product enables digital
content retailers to significantly reduce processing costs and
offer products at a more granular level, giving retail customers
what they want and generating new revenue opportunities while
reducing payments processing costs.
Cardis and JetPay have entered into the commercial agreement for
joint marketing of this solution. The integration of Cardis' small
payments platform with JetPay's flexible processing platform has
been completed, allowing both organizations to offer a full range
of card acceptance services for accepting credit, debit, and
prepaid cards - with Cardis' small payments processing as the key
differentiator.
Cardis' patented technology enables several small consumer
transactions to be handled as one larger value transaction
processed through a payment network. By spreading the processing
cost of this single, larger value transaction over a number of
small payments, the overall cost is significantly reduced, enabling
online retailers with customers making repeat small purchases to
reduce their processing costs by up to 70 percent.
"We are very excited to announce the launch of our solution with
JetPay," said Nebo Djurdjevic, Chief Operating Officer at Cardis
International. "Our initial focus is on the music industry, and we
are currently on-boarding customers preparing to launch their
online and mobile stores using our payments platform. The first
store is expected to launch in February
2015."
He continued, "Currently, the music industry relies heavily on
third-party, online retailers to sell music to fans. These online
retailers take 30 percent or more of every dollar sold through
their platform with a large share of this percentage going toward
covering the cost of processing small payments. Cardis and JetPay
are excited to offer our new solution that reduces this expense
making traditional credit/debit card payments affordable for small
payments."
"JetPay's expertise has always been in providing unique
solutions in the e-commerce and card not present markets. The
Cardis relationship and the focus on the digital media market is a
wonderful enhancement for the markets JetPay already serves well,"
said Trent Voigt, Chief Executive
Officer of JetPay Payment Services. "As JetPay began working with
Cardis, both companies saw a promising opportunity in the market by
combining our products, and JetPay looks forward to serving this
important market segment."
"The music industry landscape has changed significantly over the
years through the introduction of new technology. Currently, the
business model in place does not really favor artists and
entrepreneurs' interests. Online retailers eat up a significant
chunk of the revenue in processing fees," said veteran music
executive and founding partner of All Def
Digital, Steve Rifkind. "Cardis' new system allows for
savings to be redistributed in the music value chain to provide
higher income for artists who can then create more music, content
and merchandise."
About Cardis
Cardis is an award-winning provider of
low-value payment processing solutions. Since its inception, Cardis
has set out to transform the small payment ecosystem for the
better. The goal is to turn low value payments into small
profitable payments for digital content providers, retailers and
processors. Cardis' disruptive technology is poised to transform
industries that will benefit from offering products at a more
granular level. The small payment revolution is about to begin with
innovations taking place in publishing, entertainment and gaming,
to name a few. For more information please visit:
http://cardis-international.com
About JetPay Corporation
JetPay Corporation, based in
Berwyn, PA, is a leading provider
of vertically integrated solutions for businesses including card
acceptance, processing, payroll, payroll tax filing and other
financial transactions. JetPay provides a one vendor solution for
payment services, debit and credit card processing, ACH services,
and payroll and tax processing needs of businesses throughout
the United States. The Company
also offers low-cost payment choices for the employees of these
businesses to replace costly alternatives. The Company's vertically
aligned services provide customers with convenience and increased
revenues by lowering payments-related costs and by designing
innovative, customized solutions for Internet, mobile, and
cloud-based payments. Please visit www.jetpay.com for more
information on what JetPay has to offer or call 866-4JetPay
(866-453-8729)
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SOURCE Cardis