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Global Irish payment processor recognised as 'Best Processor - Judges Choice’ Award at 2014 CNP Expo
OmniPay, a First Data company and global payments processor, today announced that it has won the Best Processor - Judges Choice Award at the 2014 Card Not Present (CNP) Expo held in Orlando, Florida.
The Best Processor - Judges Award recognises the company which most effectively responded to the special requirements of merchants operating in the CNP space. OmniPay won the award based on the OmniPay Multi-Currency Processing Platform, which offers a comprehensive range of processing services which can be tailored to match the varied outsourcing needs of merchant acquirers.
Within the CNP environment, OmniPay supports all transaction types and supports all worldwide interchange rates for MOTO, E-Commerce, and Recurring transactions. In addition, OmniPay provides a Merchant Aggregator service serving both card present and card not present business verticals.
Patrick Clarke, Chief Executive Officer, OmniPay commented: “Winning the CNP ' Best Processor - Judges Choice Award' is a phenomenal achievement for the team here at OmniPay and recognition within the industry of OmniPay's reputation internationally. I strongly believe that this award is not just testament to the processing technology and services we offer but also the high standard of professionalism, experience and industry knowledge demonstrated by OmniPay employees in their communication with our customers.”
OmniPay was shortlisted for four awards in total at the 2014 CNP Expo which also included Best Processor – Customer Choice Award, Best CNP program Outside US - Judges Award and Best CNP program Outside US - Customer Choice Award.
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OmniPay creates 30 new jobs in Dublin
Irish global payments processor poised for further growth
Dublin, Ireland, 10th January 2013 - OmniPay, a First Data company and global payments processor, today announced that it is to create 30 new jobs at its headquarters in Clonskeagh, Dublin, bringing its total workforce to almost 200 people over the next six months. OmniPay is funding this growth with an investment that will primarily be used to develop and extend its global payments processing platform, which currently processes more than one billion transactions on behalf of 31 merchant acquiring banks and payment processors worldwide.
OmniPay was founded in Dublin, Ireland, in 2000 and currently employs 165 people. Its business has grown significantly in recent years.
The best-performing markets for OmniPay are Europe, North America and Asia Pacific, with the investment seeing further development of OmniPay’s services to Asia Pacific, Latin America, Africa and India. As a result a wide range of highly-skilled technology, customer service and professional services roles are being created, including project managers, business analysts, systems developers and quality assurance specialists.
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “International financial services is a sector targeted under the Government’s Action Plan for Jobs, and we believe that with the correct supports we can drive the creation of 10,000 additional jobs by 2016. Today’s announcement that OmniPay, an innovative company in this sector, is creating an additional 30 jobs in Ireland adds to a growing list of positive financial services announcements in recent months. I am determined to ensure that, by putting in place the right supports and through an intensive programme of trade and investment missions, we can build on this and create the jobs we need”.
Hubert O’Donoghue, CEO and co-founder of OmniPay, commented: “This announcement is not only great news for OmniPay, but also for the burgeoning payments industry in Ireland. It’s exciting that we are adding more high quality roles into our business and the local industry. OmniPay delivers one of the world’s largest single global payments infrastructure, managing more than a billion payments annually. Each new hire will be joining a business that is perfectly positioned for sustained international growth.”
Barry O’Leary, CEO, Industrial Development Agency Ireland, added: “Ireland is rapidly becoming one of the world’s leading locations for companies in the payment’s industry. Companies in the payments industry locate here to gain access to our technological infrastructure as well as our talented graduates. The growing number of payment’s companies locating in Ireland comes as a result of the IDA’s strategy to focus on targeting particular industries and creating “clusters”.
In April 2012 First Data, a global leader in electronic commerce and payment processing, announced it had acquired the remaining equity stake in OmniPay, from FEXCO, bringing its ownership to 100 percent. First Data has had an equity investment in OmniPay since 2002 and took a majority equity interest in the company in August 2006.
For further information about vacancies at OmniPay please visit http://www.omnipaygroup.com/vacancies.html
OmniPay wins four awards at major US Payments Event
• Irish card and electronic payment processor adds four more industry awards to its two European awards received earlier this year
• OmniPay’s unique ability to provide a single global end-to-end, fully integrated platform managed by the industries most knowledgeable global payments team was central to winning these awards
OmniPay, the global payments processor, today announced that it has won four awards at the 2012 Card Not Present (CNP) Expo in Orlando, Florida. These awards recognise outstanding success achieved by payment processors throughout the world. OmniPay won the four awards by virtue of its unique ability to provide a single global platform and service supporting the multi-currency processing requirements of many of the world's leading merchant acquiring banks, payment processors and eCommerce merchants.
The CNP Awards ceremony was attended by many of the world’s largest payments processors, merchants and acquiring banks. By winning these awards, OmniPay has further demonstrated its market leading position for global payments processing. OmniPay was the only company to win four awards, namely customer choice for best processor, customer choice for best chargeback management solution, first runner up for best CNP program outside the US and first runner up for best chargeback management solution.
This latest industry recognition for OmniPay at a global level follows its double win earlier this year at the European payments awards, MPE 2012.
OmniPay’s client base includes many of the world’s leading acquiring banks, payments processors and merchants, including HSBC Merchant Services, Equens and PayPal. OmniPay processed $72 billion worth of transactions for 5.4 million merchants in 73 countries and 158 currencies in 2011. OmniPay manages its global payments platform and portfolio of products from its head office in Dublin, with international sales offices in New York and Sydney.
OmniPay won the best processor awards for a number of reasons highlighted by the CNP judging panel. These include: • Operating the largest single global end-to-end and fully integrated payments platform • Best-in-class, pioneering multi-currency processing platform and service that is unmatched in the industry • Optimal transaction interchange qualification and economies of scale ensure a low cost, high value payments processing service for each customer • OmniPay employs the most knowledgeable and experienced global payments team, managing more than one billion transactions per year
OmniPay won the best chargeback program awards in recognition of the highly innovative system it has developed to enable banks to automate otherwise very manually intensive business processes. It allows 83% of all credit card disputes to be handled electronically, with only 17% requiring manual operator intervention. The savings and efficiencies gained by the global banking industry are substantial. In addition, it is the only global chargeback program sitting on a single platform, and providing reach across six continents.
Hubert O'Donoghue, CEO, OmniPay said: “Dispute handling is the single most expensive element in a card operation today. On average, less then 2% of the card payments transaction volume contributes to 12% of the operating budget. Omnipay has been able to reduce the time to process a dispute by two thirds since 2005 and automates 5 out of every 6 disputes to hit its platform, without involving any personal intervention by an operator. Such solutions help to substantially reduce cost and grow profitability in the card business.”
Speaking at the awards ceremony, John Power, Global Sales & Marketing Director, OmniPay, said, “To achieve this global recognition, following our recent success in Europe, is particularly invigorating for everybody at OmniPay and affirms our reputation as the world's leading global payments processor delivering competitive advantage to our customers."
OmniPay is a First Data company, one of the world's largest providers of merchant processing services.
OmniPay wins double at major European Payment Awards
OmniPay, the global payments processor, today announced that it has won two of the leading awards at the 2012 Merchant Payments Ecosystem (MPE) gala awards ceremony, held in Berlin. These are the principal awards for the European payments industry and the event was attended by many of Europe’s leading payment institutions, merchants and acquiring banks.
OmniPay won the headlining ‘Best Processor’ award as recognition for its pioneering processing solutions which are making a huge difference to the European and global payments industry. It has built and manages a single global transactions platform which currently provides payment services for 28 of the world’s leading acquiring banks and global payments processors, as well as 5.4 million merchants trading in 73 countries across 158 currencies.
OmniPay now proactively manages more than 1.1 billion transactions representing a total value of more than €55bn worth of cards and electronic payments. All transactions are monitored 24x7 by a team of 160 global payments experts at OmniPay’s head office in Dublin, Ireland.
Another major honour for OmniPay at this year’s awards is the ‘Acquirer Personality of the Year’ which was presented to Hubert O’Donoghue, CEO and co-founder of OmniPay. Hubert was nominated by PayPal for his outstanding contribution to the European payments industry. His commitment to innovation and building the world’s only single global processing platform was central to this industry recognition.
Speaking at the awards ceremony, Hubert O’Donoghue, OmniPay, CEO, said, “While I’m honoured to be personally recognised by the industry, I am particularly excited that OmniPay has won the best European processor award. It’s a fantastic reflection on our pioneering technology and the deep payments expertise of our wonderful team in OmniPay. By operating the only truly global payments processing platform, OmniPay is delivering a world class solution that is more efficient and cost effective.”
This year’s awards are not the first for OmniPay. It also won the European Card Acquiring Forum (predecessor to the MPE awards) ‘Processing Excellence’ award in 2010 and followed up last year by winning the 2011 ECAF ‘Performance’ award for the achievements in the area of chargeback processing.
OmniPay win an FST Award
The tenth anniversary FST Awards 2010 were held on 25 March 2010 in the Nine Kings Suite at the Lancaster London Hotel, Bayswater. The event attracted 435 guests, across 43 tables, from all sectors of the financial services industry.
OmniPay's Authorisation Service won the FST Award for Best Business Continuity Implementation and was also shortlisted for the FST Award in the Best Payments Deployment Category.
The FST Awards, celebrating its tenth anniversary this year, aim to recognise excellence and innovation in the field of information technology within the UK and EMEA financial sector. These prestigious awards are designed to emphasise the importance of IT as a key driver in business and to acknowledge and reward IT specialists working within the sector. The primary criteria for judging is the delivery of definable and significant business benefits, innovation and originality of application. Project management issues, such as the scale and delivery on time and within budget, are also be taken into account.
The Best business continuity implementation award recognises the best business continuity plan to be put in place by a financial services provider. The judges considered the technological aspects of the plan and the processes for recovery. The OmniPay entry demonstrated clear planning, rational utilisation of technology, anticipated speed of recovery, the business benefits and evidence of regular testing. The category was judged against factors such as physical and online threats, compliance requirements and so-called ‘acts of God’ such as fire and flood.
OmniPay’s COO Patrick Clarke and Authorisation System Manager John Ward were at the FST Awards and John was presented with the FST Award for Best Business Continuity Implementation by Mark Evans of the award sponsor CIR and the awards host Hugh Dennis.
OmniPay wins first-ever 'Processing Excellence' Award at European Card Acquiring Forum 2010
OmniPay recognised for expertise and innovation
Dublin, March 8 2010: Dublin, Ireland-based OmniPay Ltd. has been awarded the first ever Guiding Hand Award for Processing Excellence, presented at the Empiria Group’s European Card Acquiring Forum (ECAF), held in Berlin.
The ECAF is widely regarded as the most important European conference focusing exclusively on Merchant Acquiring, drawing over 300 acquiring professionals from Europe and beyond. At this year’s conference, the organizers launched the Guiding Hand Awards, a series of 9 awards intended to recognize merchant acquirers and 1 award to recognize Excellence in Processing.
More than just processing
In the words of the Awards' sponsors, these are 'Guiding Hand' Awards because "Guiding Hand is how the ECAF sees the Acquirers in the business: telling issuers, schemes, processors, payment service providers, etc. what is commercially possible."
The ECAF Awards acknowledged the important role of the acquiring business by highlighting the most relevant achievements in various areas of this business. OmniPay’s selection was based on its specialised expertise as a third-party processor for leading acquirers, several of whom provided outstanding references in support of OmniPay’s Award candidacy.
OmniPay’s staff and platform enable acquirers to run fast, flexible, cost-efficient acquiring businesses in any combination of currencies, countries, channels, languages and products. Today, OmniPay processes for 27 acquirers across Europe, the US, Asia and Australia, processing more than 750 million transactions per annum in 185 different currencies.
Now celebrating its 10th year as a multi-currency acquiring processor, OmniPay’s receipt of the Processing Excellence Award further validates the unmatched value that its focus, deep experience and 'Guiding Hand' approach bring to its acquirer customers.
Recruitment drive planned as profits rise at OmniPay
Sunday Business Post Article - 18th January 2009
by Gavin Daly
OmniPay, a Dublin firm that processes credit card payments for banks around the world, has recorded sharply increased profits and plans to expand.
The firm has deals with 25 banks and handled a record 64 million transactions in December - more than two million transactions a day.
Brian Connolly, chief executive of OmniPay, said that the company's revenues and profits continued to rise last year, and that it would be hiring this year, despite the economic downturn and the global banking crisis.
The company hired about 30 new staff last year, bringing total employment to 170 people. It expects to add at least ten more staff this year. "We are slated to grow this year," said Connolly. "Everything is moving upwards - the market, the transactions, staff numbers."
OmniPay recorded pre-tax profits of €7.5 million in 2007, as revenues rose by 44 per cent to €24.5 million. While the company's accounts for the last year has not been finalised, Connolly said that business was helped by the growth in online shopping, with online transactions accounting for about 70 per cent of OmniPay's business.
"It is not all doom and gloom," said Connolly. "We are operating from the east coast of Australia to the west coast of the US - and everywhere in-between. We run everything off a single platform based in Ireland with 170 staff. From an Ireland Inc point of view, if we win more business - and we expect to - it will mean more employment."
Connolly said that the company had been relatively unaffected by the turmoil in the banking sector, and even saw "some upside" to the uncertainty in the industry.
"Our customers are high street banks, rather than investment banks that have been the worst hit by the turmoil" he said.
"Our core business is in providing services to banks, who provide them on to merchants. With the turmoil in the markets, we anticipate that banks that do their own in-house processing will question if they should be doing that or if they should hand it off to providers like us."
Connolly said there were also opportunities for OmniPay in the new geographic markets. "We have customers in the Far East, Malaysia, Brunei and Singapore," he said. The company has just hired sales staff focused on the Asia-Pacific region and the EU.
- OmniPay to adopt latest version of IST/Switch open systems payment engine from FIS
London, UK. – (08 December, 2008) – Fidelity National Information Services, Inc. (NYSE: FIS), a worldwide leader in processing and technology solutions for financial institutions, today announced that OmniPay is upgrading to FIS IST®/Switch 7.6, the latest version of the credit and debit processing solution, in preparation for meeting full compliance with the recently released Payment Application Data Security Standard (PA-DSS).
The goal of PA-DSS is to ensure that payment applications do not store prohibited data (such as full magnetic stripe, CVV2 or PIN data) and meet a number of other security controls in accordance with the PCI Data Security Standard, thereby helping merchants and agents mitigate the possibility of a security compromise.
John Ward, Authorisation System & Relationship Manager at OmniPay, explained: "We process hundreds of millions of transactions annually for some of the world's largest financial institutions – and compliance with PCI Security Standards is critical to our business.
"We have a great working relationship with people in FIS, and we have been closely involved in some very successful enhancement projects with them over recent years. In addition to being slated for PA-DSS compliance ahead of Visa's July 1, 2010 deadline, the latest version of IST/Switch incorporates several of our suggestions. This is a testament to FIS' responsiveness to our needs."
Dublin-based OmniPay is a leading provider of card and electronic payment processing services to acquiring banks worldwide. Currently, the OmniPay platform supports 24 acquiring institutions around the world.
With the ability to handle a vast array of devices, networks and host systems, IST/Switch is flexible enough to accommodate OmniPay’s business in supporting multiple institutions, multiple currencies, and multiple languages, as well as multiple regions and countries. That means that IST/Switch powers authorisation for the only merchant acquiring platform that operates globally.
Mike Haas, General Manager, of FIS' global payment software division commented: "FIS is committed to enabling OmniPay to provide world-class processing services to financial institutions. Keeping their platform current with compliance requirements is another example of that commitment."