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NEW: Pago Report 2008

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About PagoPago eTransaction Services GmbH (Cologne, Germany) is an international Acquiring & Payment Service Provider for e-Commerce enterprises, bricks-and-mortar shops (point-of-sale) and mail-order businesses. Portrait
 



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Latest Press Releases

Here you will find Pago's latest press releases. Please note that all press releases are available as PDF file for download too.


British e-commerce very different from elsewhere in Europe
Based on real life purchase transactions, the Pago Report 2008 highlights national differences in consumer and payment behaviour in European e-commerce

Cologne, 30 July 2008 - British online merchants are increasingly attracting more international consumers. Whereas consumers from Germany make up over 95% of custom in German online shops, only 45% of customers in UK shops are from the UK. Nearly one third of international customers stem from countries outside Europe, like the USA or Asia. The Pago Report 2008 has just been published by Pago eTransaction Services, the international Acquirer and Payment Service Provider. This, the seventh edition of this respected report, entitled "Trends in E-commerce Purchasing and Payment Behaviour based on real Transactions", analyses developments in European online consumer and payment behaviour, non-payment risks and trends in important e-commerce industry sectors. Essays by prominent experts from the major credit card organisations, the Deutsche Bank, giropay and the University of Karlsruhe round off the Pago Report 2008. More information is available at www.ecommerce-report.de.
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Pago eTransaction Services first credit card acquirer to get PCI DSS security certification for fourth time in succession
SRC confirms compliance with high international security standards Cologne, 08 May 2008 - Pago eTransaction Services has become the first credit card acquirer to get PCI certification for the fourth time in succession. The Cologne based company has once again been awarded the Payment Card Industry Data Security Standard (PCI DSS) confirming that it offers its customers the best possible protection against data abuse. The global security and survey standard PCI DSS was invented by the PCI Security Standards Council, an institution which was founded by the leading international credit card organisations. The continually developing standard is the demand for all organisations who work with credit card information. The successful certification provides that the security level complies with the strict guidelines of the PCI Security Standards Council. Thereby consequential losses for a company can be reduced. "As one of the leading international acquirers and as a Deutsche Bank company, compliance with the highest safety standards has always been a priority for us," said Dr. Markus Weber, Pago's Managing Director. "In addition, we are continuously monitoring and improving all of our work flows."
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Pago reports strongly improved figures for 2007
Cologne, 31 January 2008 - Pago eTransaction Services GmbH, one of the leading international acquirers and payment service providers, has reported increased clearing volumes and further successful expansion of its international partner network in 2007 supplying further evidence of its ongoing success story. Clearing volumes, which are the monies collected on behalf of its merchant customers, increased by over 20%. The Pago Partner Program also expanded further with sales partners showing total growth of about 12%. The number of terminals now in service exceeds 8,000. "These figures are well above our budgeted targets. They show that E-commerce continues to boom. Increasing numbers of merchants are turning to tried and tested payment service providers and acquirers like Pago," said Dr. Markus Weber, Pago's Managing Director. "Merchants entering the virtual world increasingly value reliable partners for professional risk management, thereby avoiding learning expensive lessons."
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