“Trago Mills and The Entertainer both ITIM customers outsource card payments to YESpay"

April 29, 2010 - PRLog -- London, UK

YESpay International  in partnership with ITIM, has added Trago Mills and The Entertainer amongst many other major high-street retailers, to its managed card payment service leading to significant reduction in costs and PCI DSS compliance. Historically these retailers have had their own in-house card payment solution, before PCI-DSS (Payment Card Industry Data Security Standard) and EMV (Europay, Visa and MasterCard) Chip & PIN standards were mandated by their Card Acquirers. Like Trago Mills and The Entertainer, many major retailers are switching to the YESpay EMBOSS card payment service in order to achieve significant CAPEX and operational cost reductions of up to 40% and also to minimise PCI DSS compliance risk.

Mick Parker, Head of IT at Trago Mills commented, “The YESpay managed card payment service system has been excellent! There has been 100% availability of the service for over 200 days since YESpay introduced its latest multi-data centres cloud computing based card payment service architecture.”

Boris Hurinek, ITIM’s Head of Development and Support Services, also said, “The improvements resulting from the cloud computing based card payment service introduced by YESpay, are clearly visible internally at ITIM and our mutual customers. The YESpay solution has the added advantage of being very simple to implement, significantly reducing the effort compared with other solutions, therefore improving the retailer’s project costs and timescales. In one case ITIM were able to achieve go live for a particular retailer in 2 weeks from a standing start. Ongoing support is also streamlined through YESpay’s 24*7 helpdesk.”

Ian Pulsford, Head of IT at The Entertainer, was very complimentary about YESpay at the ITIM customer day. Ian said, “At the recent ‘Christmas Peak Trading Feedback’ session with senior store managers, it was nice from an IT perspective to be praised for payment service speed and availability at the stores during peak Christmas trading.”
“We have many thousands of top, mid- and small-tier retailers migrated to our very cost-efficient and 99.99% available card payment service throughout Europe and North America.”, said Nigel Exton, Senior Vice President of Operations and Client Services for YESpay globally.

Cost-of-ownership and cash-flow analysis prepared by YESpay, a managed Internet and Card Present (Chip and PIN) payment service provider (PSP) with 4 global data centres, located in London (UK), Heathrow (UK), Toronto (Canada) and San Francisco (USA), provides a good base for comparing the financial propositions of the two payment solutions, namely, in-house and managed. Having YESpay managed payment service instead of installing and managing an in-house card payment solution can result in CAPEX and operational savings of up to 40% over 4 years. It also eliminates the need of diverting manpower time and funds into non-core activities like payment solution for the merchants. In addition, it caters for any future upgrading of software due to change in EMV and PCI standards and regulations at no extra cost.

PR Contact

Rohit Patni
+44 – 203 – 006 – 3792
rohit.patni@yes-pay.com
www.yes-pay.com

About YESpay International Ltd:

YESpay, card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, YESpay’s Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, YESpay’s EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. In combination with the YESpay hosted EMBOSS payment service, merchants can perform card payments in both card-present and card-not-present environments.

www.yes-pay.com

About ITIM Ltd:

Today, ITIM is the fastest growing retail solutions provider to some of the best known high street names.  Why? Because we are innovators. Our core solutions extend from point of sale through Merchandising and into supplier collaboration.  All of our solutions are 100% owned and developed by Itim utilising the latest Microsoft technologies. As an organisation, we actively encourage our people to develop ideas that create new and better solutions for our customers.
Our staff are passionate about our products; passionate about service to our customers and, because we understand our customers' needs, are always striving to add value.
Our vision is to continually use technology intelligently and creatively; to continue transforming the way retail businesses and their supply chains operate, and to continue adding value for our customers through thought and technology leadership.

www.itim.com