MONTREAL, QUEBEC and LONDON, UNITED KINGDOM--(Marketwired - Sep 9, 2013) - Payza, a leading online payment platform, today announced it has engaged UK-based Neopay, a market leading regulatory firm specializing in the e-money and payments space, to incorporate its Virtual Compliance Service program within the payment platform's global compliance procedures.
"With the ever-changing global and regional regulatory landscapes, in order for our business to evolve and expand, monitoring and adapting to new compliance requirements is vital," explains Ferhan Patel, Payza's Chief Compliance Officer and Director of Global Risk and Compliance. "Neopay's Virtual Compliance Service enables us to remain up-to-speed on the latest regulations in order for us to update or modify our global compliance policies."
Neopay's Virtual Compliance Service provides a cost-effective way for businesses in the payments industry to meet and exceed its compliance obligations. As part of this service, Neopay delivers diagnostic analyses of a company's existing compliance policy and a subsequent action plan tailored to that company's operational needs within regions such as the United Kingdom and Europe.
"With Neopay as our compliance partner, we can confidently focus on expanding the global reach of our platform as we know that our regulatory obligations are monitored and maintained," stated Patel.
Founded in 2008, Neopay quickly became the market leading regulatory specialist in the e-money and payments markets. Clients and other respected industry members soon began recommending them due to the quality of their work, their regulatory expertise and their approach. Their 100% success rate in gaining successful authorisations for clients, along with their track record for succeeding with the 'problem cases' where other specialists had failed, reinforced this reputation within the market.
Payza is one of the world's leading online payment platforms specializing in e-commerce processing, corporate disbursements and remittances. Payza's highly secure e-wallet platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With 10 million members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and on the company's blog.