February 7, 2013
Freeport Capital Vault acquiring doubles number of active merchants to 1000 and growing
MONTREAL--Freeport Capital subsidiary Vault Acquiring Solutions has doubled its customer base to over 1000 merchants since October 2012 using Vault's vGate Payment Gateway. vGate is unique to other payment gateway providers in that it supports all types of payment applications, not just eCommerce, a virtual terminal or support for website shopping carts. vGate can process retail, mobile, restaurant, eCommerce and nearly any custom developed payment software, including the ability to handle Pin-based-debit card transactions using terminals and external PCI (PED) certified Pin pads.
Debit card transaction fees are now regulated and capped by the card associations and POS systems are migrating to tablets and smartphones so supporting mobile pin-based debit card processing is important to merchant's ability to benefit from these cost savings. vGate also provides enhanced fraud tools and tokenization services at no additional charge which other gateway providers may offer at additional costs.
All vGate transactions are encrypted, centralized, monitored in real-time and stored in a PCI Compliant manner. Merchants can license vGate through a contracted Vault reseller who licenses vGate typically using their own brand that's hosted and powered by Vault Acquiring Solutions. Vault provides their valued resellers with disruptive and competitive payment technology to market leader's Square, Verifone and Micros that other retail, eCommerce, restaurant and payment gateway providers do not support or offer.
Anthony Ribas further states "Increasing our customer base by offering our resellers competitive market solutions, easy to sell or subsidize bundled pricing and integrated payment solutions without the costs associated with compliance or development verifies that our business strategy is being well received."
For ten years Vault's team has been developing payment gateway, mobile POS payment applications and hardware devices internationally. From inception, Vault has been positioning its technology platform to be quickly private-labeled for banks, acquirers, card issuers, resellers and POS hardware manufacturers. Vault provides product fulfillment, pin-debit key-injection and end to end encryption services throughout the Americas.