back Back

Global Primex launches private, virtual payment platform VLoad

By Edlyn Cardoza

July 13, 2022

  • ACH
  • Digital Payments
  • Fraud Management
Share

Global Primex, Digital Payments, VLoad, Metropolitan Commercial Bank, Online Payment Method, VLoad Merchant Network, Fraud Management, ACH, New York, USAGlobal Primex, a privacy-first payments company specialising in secure digital payment solutions for merchants and consumers, recently announced the launch of its payment platform VLoad in partnership with Metropolitan Commercial Bank. VLoad is an innovative online payment method that provides industry-leading privacy and security to consumers and empowers merchants in the VLoad Merchant Network with increased revenue resulting from unparalleled fraud prevention, dispute management, and acceptance rates.

“Global Primex was founded on the premise of creating anti-fraud solutions for online merchants suffering from excessive chargebacks and low acceptance rates, and for providing consumers with a best-in-class private and secure online payment method. With VLoad, merchants are protected under Global Primex’s PCI DSS Level 1 certified payments platform, benefitting from early fraud detection and dispute resolution, while customers’ identities and data are kept private from third parties,” said Marek Sala, CEO of Global Primex. “VLoad brings tremendous value in industries such as online gaming where we can bring consumers and merchants together in an environment where the risk of fraud on either side of a transaction is significantly diminished.”

While VLoad is tailored to the general e-commerce market in the U.S. and is perfect for a wide range of online merchants, Global Primex is targeting such industries as regulated online gaming operators, subscription billing services, entertainment, and the travel industry in the U.S. due to its unique expertise in solving payment problems for traditionally high-risk merchants plagued by excessive chargebacks, low acceptance rates, and fraud.

The VLoad Merchant Network connects consumers to merchants who have successfully passed Global Primex’s rigorous merchant due diligence process and

  • whose products and services consumers want but have challenges accessing with traditional payment methods;
  • who need a little (or a lot of) help managing their fraud and payment dispute risk;
  • who want immediate, low-cost access to an ecosystem of hundreds of thousands of consumers whose identities have been verified and whose collective fraud rate is a mere fraction of the market average.

“Our partnership with Global Primex is a natural fit given our shared vision around digital transformation of the payments space,” said Nick Rosenberg, Executive Vice President, Head of Global Payments Group at Metropolitan Commercial Bank. “We look forward to introducing a product that will provide both sides of a purchase with a strong sense of security through VLoad transactions.”

All businesses participating in the G Merchant Network have instant access to their customers’ full purchasing power in one place. VLoad can be purchased online with a debit card, credit card, ACH/open banking and wire.

Previous Article

July 13, 2022

Fincare Small Finance Bank launches Video Banking service

Read More
Next Article

July 13, 2022

Tymit partners with TrueLayer to deliver instant payments to customers

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

ACH

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024