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2007 Archive Pago increases the Number of Settlement Currencies Cologne, 4 December 2007 – Pago eTransaction Services GmbH, Cologne, is now offering more settlement currencies for Visa and MasterCard credit card transactions. Up until now Pago customers from the European license area could choose to be paid in Euros, Pound Sterling, Swiss Franks, South African Rand and US Dollars. This range has been extended and now includes the Scandinavian currencies, the Norwegian, Swedish and Danish Crowns, as well as the Polish Zloty and the Canadian Dollar. morePago announces launch of Maestro International Cologne, 31 October 2007 - Pago eTransaction Services GmbH has given the green light to Maestro International for e-commerce transactions. In Summer 2006 Pago became the first acquirer outside the UK to offer Maestro UK Acceptance. Now, after a successful trial period, Pago has just started the live processing of Maestro International transactions too. Merchants who work with Pago can now offer Maestro, the world's leading debit payment method, to all their customers for their internet transactions too. moreE-Commerce is more secure than bricks-and-mortar stores Cologne, 14 June 2007 – E-commerce is better than bricks-and-mortar stores in terms of customer payment behaviour. This is one of the conclusions made in the 2007 Pago Report entitled “Trends in consumer and payment behaviour in selected E-commerce industries in 2006”. The report is based on some 30 million real-life purchase transactions. Payment behaviour is measured by the chargeback ratio, which is the percentage of reversed credit card transactions resulting from objections made by cardholders. These are usually an indication of an attempted fraud attack. The chargeback ratio for German online consumers fell to just 0.087% in 2006. This is an historic low for this measure which has been calculated since the first edition of the Pago Report in 2002. The Report is the only study globally which analyses consumer and payment behaviour and is based on real-life purchase transactions (as opposed to survey polls) in important e-commerce industry sectors. In contrast, the shoplifting ratio in bricks-and-mortar stores was about 0.44% in the same period. This figure was published by the EHI (Euro Handelsinstitut) and HDE (Hauptverband des Deutschen Einzelhandels), two renowned retailing associations in Germany. morePago Report 2007: E-Commerce is coming of age Cologne, 5 June 2007 – Pago, one of the leading acquirers and payment service providers has just published its latest Pago Report, the sixth successive edition – the only E-commerce study, worldwide, which is not based on survey polls but on real-life purchase transactions. As last year, the study is entitled “Trends in Consumer and Payment Behaviour in selected E-commerce Industry Sectors”. Trends and developments in consumer purchase and payment behaviour, in non-payment risk and in individual E-commerce sectors have been examined in about 60 different analyses. Seven expert essays by well-known experts from credit card organisations, from the Deutsche Bank, from the European Parliament and from the University of Karlsruhe round off the Pago Report 2007. With this report Pago has once again provided all participants in European E-commerce with a valuable decision-making tool to be used when modifying online offerings and payment services to meet the needs of the market. morePago reports distinctly improved figures for 2006
Cologne, 28 February 2007 – Pago, one of the leading international Acquirers & Payment Service Providers, reported better than average improvements in key figures for the second consecutive year. The number of transactions processed increased a further 45% on last year which had also been extremely successful. At the same time Pago increased its clearing volume by more than 55% - the highest growth rate since 2001. more
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