Rentabiliweb: the 1st Payment Institution Accredited for Bankcard Payments by Banque de France
By Rentabiliweb, PRNEMonday, October 25, 2010
Rentabiliweb is Today Announcing That it has Been Accredited as a Bankcard Payment Institution by a Decision of the College on 11 October 2010. This Accreditation now Allows Rentabiliweb to Offer its own Payment Solutions to e-Commerce Companies, a Market That was Until Today Exclusively Limited to Banks.
BRUSSELS, October 26, 2010 - At the meeting of the College on 11 October 2010, the Banque
de France's Autorite de Controle Prudentiel (ACP), the French equivalent of
the UK Financial Services Authority, decided to accredit Rentabiliweb Europe,
specialised in the monetisation of digital audiences, as a Payment
Institution for bankcard payments. The Group will announce the launching of
France's first independent secure payment platform in the coming days.
This accreditation, a first in France for Internet
pure-player, continues the liberalisation of financial services in Europe
initiated at the end of 2007. It now enables Rentabiliweb to market its
innovative, optimised Internet and mobile phone bankcard payment solutions to
all French online retailers.
Rentabiliweb is now authorised by law to provide payment
services as defined by Article L314-1 of the French Monetary and Financial
Code, namely categories 3 and 5, and more specifically bank transfers,
including standing orders, the issue of payment methods and the acquisition
of payment orders via bankcard. It also enables Rentabiliweb to offer
custody, data recording and processing services.
The security of a bank combined with the know-how of an
Internet specialist
"Obtaining this payment accreditation is a fundamental step in
Rentabiliweb's growth," explained Jean-Baptiste Descroix-Vernier, Chairmain
of Rentabiliweb Group. "The Group's companies have been working for more than
10 years, for their own account, to optimise the payment chain. This know-how
can now be offered to our clients. It is a new market with very promising
potential in Europe. France finally has an independent player similar to
Wirecard in Germany."
"In a matter of days, we will be able to offer all Web players
a more secured bankcard payment solution that is less expensive than those
offered by banks," added Romain Pera, Chairman of Rentabiliweb Europe. "The
conversion rate, in other words the percentage of transactions that are
actually completed - a strategic indicator for e-commerce companies - will
also be higher, thanks namely to the expertise in marketing and technical
tools that Rentabiliweb has been developing over the past several years."
A liberalised market estimated at 30 billion Euros in France
in 2010
According to Forrester, the European e-commerce market will
amount to EUR150 billion in transactions at the end of 2010 and PhoCusWright
forecasts growth of more than 10% for 2011. In addition, the European Central
Bank reports that bankcard payment is developing faster than other types of
payment (checks, debits and transfers) with annual growth of 6.8%. There are
a total of 726 million bankcards throughout the European Union, i.e. around
1.45 cards per EU citizen.
As regards payment via mobile phones, Informa Telecoms & Media
forecasts nearly 300 billion transactions worldwide and around $860 billion
in sales in 2013. In France, payment via mobile phones should account for 7%
of transactions in 2012, i.e. the equivalent of 2 billion operations
according to SIA Conseil, an IT and Financial Services consultancy.
A strategic development for Rentabiliweb
Rentabiliweb's technical staff have been preparing for the
granting of this accreditation for several months. The Group is currently
expanding its teams to possess all of the various expertise related to this
new service.
To see the career opportunities related to the launch of this e-payment
solution, visit www.rentabiliweb.org/jobs.html
Glossary
Payment Institution
Payment institutions are a new category of payment service
providers created by European Directive 2007/64/CE, also known as the Payment
Services Directive (PSD), dated 13/11/2007. This new regulation specifies the
operating conditions for institutions and namely provides a framework for the
activities of payment service providers for all Single Euro Payment Area
(SEPA) members, i.e. the European economic zone and Switzerland. These
institutions are governed by the Prudential Control Authority (Autorite de
Controle Prudentiel or ACP), which supervises French payment institutions.
France's payment institutions accredited for bankcard payments
As of today, except there is no other Internet company except
financial institutions with the technical, regulatory and legal capacity to
offer "acquisition of bankcard payment orders", i.e. the ability to provide
third parties with bankcard payment transaction services.
The European passport
The payment institutions accredited in one of the Member
States can offer their solutions in other States of the European Union by
applying for a passport from the supervisor in their home State, with the
help of the supervisor from the host State as part of the EU community
cooperation initiative. Obtaining the European passport would enable
Rentabiliweb to help its clients grow internationally and to offer its
solutions to e-tailers in the 27 European Union countries. Rentabiliweb will
apply for this passport in the near future.
See this press release at www.rentabiliweb.org/actualites/?p=2256
About Rentabiliweb
Founded in 2002, The Rentabiliweb Group offers Internet
professionals and webmasters the largest platform of website traffic
monetization services, namely payment and micropayment solutions. It also
runs affiliate programs, offers online advertising space brokerage and
interactive voice services for offline media and provides renowned expertise
in loyalty programs and Direct Marketing.
Rentabiliweb is also one of the premier French-language
publishers, with a package of services spanning the full range of mass-market
entertainment, from community services, family games and services for the
general public to recommendations for Internet users, personal ads, dating
services and more.
Listed on Compartment C of the Euronext Brussels and Paris
stock markets, the Group today has 13 subsidiaries in Europe, Canada and
Asia, employing 150 staff members around the world. In 2009, Rentabiliweb's
sales topped EUR 65 million, with net profits of EUR 7.5 million.
Rentabiliweb is also a socially responsible company in its sectors of
activity, strictly applying the ten principles laid out by the UN Global
Compact.
For more information, visit: www.rentabiliweb.org
Corporate Communications IMAGE SEPT Claire Doligez Anne Auchatraire +33-1-53-70-74-70 cdoligez@image7.fr aauchatraire@image7.fr Financial - Investor Communications CALYPTUS Mathieu Calleux +33-1-53-65-37-91 mathieu.calleux@calyptus.net
Corporate Communications: IMAGE SEPT, Claire Doligez, Anne Auchatraire, +33-1-53-70-74-70, cdoligez at image7.fr, aauchatraire at image7.fr. Financial - Investor Communications: CALYPTUS, Mathieu Calleux, +33-1-53-65-37-91, mathieu.calleux at calyptus.net
Tags: belgium, Brussels, October 26, Rentabiliweb