FinovateSpring 2010 / SafetyPay
Presenter Profile:
How they describe themselves: SafetyPay is a global, safe and secure online payment solution that enables online banking customers to make internet purchases from merchants worldwide and pay directly through their local bank account in their local currency. SafetyPay was developed in response to the growing need for a safe and secure online payment method, which also could be used internationally. It is an innovative, patent-pending e-payment process that operates as a clearing house; adding value to all participating parties – banks, merchants and consumers. SafetyPay eliminates fraud and identity theft risk for merchants and consumers, expands merchant’s customer base with an international reach of more than millions of potential banking customers and provides banks an additional revenue stream and cross promotional opportunities.
What they think makes them better: Unique from other methods of online payments,
SafetyPay: (1) shares revenue with bank partners, (2) requires no enrollment or registration, (3) discloses no confidential or financial information, (4) guarantees no fraud, (5) allows users to shop globally and pay via their local bank in local currency, (6) ensures all transactions are completed from the personal online banking environment and are not redirected to the merchant site, and (7) enables merchants to receive payments in their currency of choice even if a user pays in a different currency.
Contacts:
Bus. Dev.: Ronald Wieselberg, VP Bus. Dev., 786-294-6411×225, rwieselberg@safetypay.com
Press: Maribel Garcia, Head of Marketing USA, 786-294-6411×250, magarcia@safetypay.com
Website: www.safetypay.com
HQ Location: Miami Beach, FL
Company Founded: 2003
Product Being Demoed: SafetyPay
Product Launched: 2008
Company Metrics: $14 million raised, 40 employees
- Key Executives
Manuel Montero (CEO, formerly w/American Express), Dick Weden (COO, formerly w/American Express), Barbara Bibas (CMO, formerly w/American Express), Jorge Bracho (CFO)
Key Stats
- Key Board Members
Bernard J. Hamilton (former Chief Corporate Auditor, American Express and President of Amex’s Latin American Division), Ken Johnson (former President and CEO, Sudamtex), Joaquin Servulo Rodrigues (CEO, Espirito Santo Ventures), Jim Collins (former CFO and Controller, American Express International Bank) and Adrian Neuhauser (SVP, Merrill Lynch)
- Key Advisory Board Members
Bernard J. Hamilton (former Chief Corporate Auditor, American Express and President of Amex’s Latin American Division), Ken Johnson (former President and CEO, Sudamtex), Joaquin Servulo Rodrigues (CEO, Espirito Santo Ventures), Jim Collins (former CFO and Controller, American Express International Bank) and Adrian Neuhauser (SVP, Merrill Lynch)
- Key Partnerships
Banks: Currently, 22 banks integrated worldwide including Citibank (Banamex), Scotia Bank, Banco Santander, BBVA, Interbank, Banco Continental, BCP, Banco Nacional de Costa Rica, CAI, Ibercaja, Bank Austria, ITAU.
- Key Customers
90 million potential online banking customers of SafetyPay bank partners