Saftpay - Company Information on Saftpay

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Headline: The Safe Internet Payment Solution

Website: http://www.saftpay.com/

SaftPay allows customers to make online purchases worldwide direcly through their local bank Through intermediaries they already know, trust and deal with on a day-today basis Reducing real and perceived fraud risk and increasing shopper's comfort level.

Address: 420 Lincoln Road Suite 600 Miami Beach, FL 33139 Map it »

Phone: 786-294-6411

Email: info@saftpay.com

Industry: Consumer & Business Services

Sub-Industry: Financial

Legal Structure: Corporation

Ownership: Private

Date	Type	Capital Amount	Post-Money Valuation	Investors
08/2008	Series A	6M	Unknown	Espirito Santo Ventures

Name:	Saftpay
Product URL:	http://www.saftpay.com/
Description:	Outside the U.S., credit cards are not universally held. In most countries, card penetration and usage are in fact small. Many cards issued in foreign countries can only be used in the market where they are issued and are deemed useless for most online shopping. » Among the base of potential card-holding shoppers, security concerns limit shopping. Few countries protect consumers with legally-imposed liability limits for credit cards, leaving cardholders exposed to misuse of their information. Transaction security is cited as primary concern and cause for not purchasing online. » Even shoppers that overcome their uneasiness with card use are often kept from purchasing by fraud-filtering systems. Often only U.S. credit cards are allowed to limit fraud risk, leading merchants to restrict purchases with non-U.S. cards. Over 50% of the top 100 U.S. online retailers do not sell to customers with foreign cards.