PAYGATE made it clear that they would hold the conference for launching the international credit card personal identification service (Amount Authentication system, hereinafter, “AA”) on July 20 at its in-house cafe ‘gokgwachae.’
The size of the market for international credit card personal identification is estimated at about 30 billion dollars this year, and PAYGATE is setting up its strategy for establishing a solid foothold as a forerunner in the international credit card personal identification market.
PAYGATE, which has devoted itself to only the global online payment service field for the past 15 years, received an acceptable evaluation of its own AA certification service developed in 2010 from the certification system evaluation committee of the Financial Supervisory Service in September, 2012, and obtained a written acknowledgment as well.
Since last September, the R&D Team of PAYGATE, which has proceeded with the global standardization of major vital functions in an effort to launch the global version of AA certification service, stated that they would finish the process of development and related tests during the first half of the year, and begin the international service with the JULY 20 Conference as a starting point.
AA certification service is to be launched with the three versions, such as AA Basic, AA Profile, and AA Premium, and this service will be provided with the three versions including a basic model, simple payment model and non-repudiation functional model, etc. depending on the type of a merchant.
The party concerned in PAYGATE said, “The international credit card personal identification service
, which will be launched soon, is a landmark model in all credit card industrial circles including Korea, and this service launching is of great significance in that this service will be very attractive even to the global mega-players, such as Apple which is directly handling the card purchasing besides Visa, Master, and JCB card, Amazon and Google.”
PAYGATE CO., LTD is the first generation enterprise of e-Payment established in 1998, and it has run its business with focus on the global payment service from the initial start-up period; further, PAYGATE is the enterprise in possession of the technological strength which has gained an evaluation that there are no equals to PAYGATE in Asian region, especially in security and technical skills, together with the provision of this service selected by the leading global corporations, such as Apple or Symantec.
In addition, PAYGATE is going to unveil its international mobile payment service together with the global credit cards, such as AliPay, TenPay, and CUP, account transfer in Japan or Europe, and pure Korean online payment; in recent times, PAYGATE has begun to provide the payment service to the merchants using Magento and Prestashop.
Introduction of PAYGATE
PAYGATE has made growth as an internationally competitive global e-Payment enterprise through its steady growth from 1998 until now. With the start of its sole provision of the credit card payment service, PAYGATE has obtained the patents for bank-based account transfer service, mobile phone payment service, and Multi-Payment Gateway, introduced the payment method in China, Japan and Europe in consecutive order, and constructed security environment as well as performed the broad-scale conversion work on the whole infrastructure on the basis of web standard technology.
As a result, PAYGATE has provided its long-term service to the world-class corporations as its client companies. Further, PAYGATE is gradually increasing its social contribution every year by 2020. As of the year 2013, PAYGATE is making a lot of foreign currencies through online payment service; however, PAYGATE never settles for the present, but is making a challenge for much broader world markets through its endless research and development.
News Source: PayGate