FL-based SegPay reports year-over-year revenue increased by 25%. In 2014, the company completed several enhancements to its proprietary SegPay Fraud Mitigation System.
Changes made to the risk toolset will help to better serve merchants that have a variety of business models. System upgrades continued in 2014 as a new SegPay merchant dashboard was rolled out which will be part of the new SegPay admin site in 2015. A new POS system was also released this year that offers customizable payment processing page templates, additional direct debit countries and enhanced pay page error handling.
2014 was a year of growth in all areas for SegPay. The company increased its staff to support client needs, expanded its office space, entered into several new partnerships and landed major accounts in the high-risk credit card processing space. SegPay also received nominations for several trade awards as best payment processor with winners being announced in 2015.
SegPay has also signed on as a major sponsor of Garrett Smithley Racing. The sponsorship includes both on-track and online racing, sanctioned by NASCAR. SegPay will utilize this partnership with Smithley to accelerate its move into rapidly expanding segments of e-commerce. The crown jewel of the sponsorship will be at the Daytona International Speedway on February 20, 2015, where Smithley will race the SegPay truck in the Nextera Energy Resources 250 presented by the NASCAR Camping World Truck Series.
Since 2005, SegPay has offered online merchants a state-of-the-art billing platform that provides real time payment processing around the globe. SegPay helps protect online merchants with its proprietary Fraud Mitigation System.
For more data on SegPay access CardData®. For information and commentary on SegPay visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on SegPay are available exclusively through CardWeb.com.®