Borders chooses high speed secure payment service from YESpay

Published 1st April 2009

March 31, 2009, London – Borders UK and Ireland has selected YESpay’s EMBOSS Payment Processing Service to provide a high speed payment service that is fully accredited by its card acquirer and compliant with the Payment Card Industry Data Security Standard (PCI DSS) across its 41 stores and 500 tills.

As part of Borders’ implementation of The Retail Suite – the UK’s first end-to-end Software as a Service solution from Itim, the retailer also required an online, pay-as-you-go, payment processing service. YESpay enabled this while also providing EMV payments in a secure and fast manner, without having to go through the long process of bank accreditation and PCI DSS compliancy. In addition, Borders needed flexibility in its management information systems and transaction reporting with fully integrated support via a managed service that tied in with the managed service also supplied via The Retail Suite.

The pre-accredited YESpay EMBOSS bureau service means all transactions are logged centrally in real time during online authorisation. Also, by running batched overnight settlements it means no further store intervention is required. The company’s end-to-end EMBOSS service and data centres are already fully PCI DSS compliant to Level 1.

The retailer needed to switch to a new payment engine quickly, as part of its major programme of contractually scheduled separation from former parent Borders Group Inc.

Simon Thomas, CIO at Borders, said, “Given our strict timescales for delivery the YESpay option enabled rapid implementation while providing a straightforward solution to our PCI DSS accreditation requirements.”

Thomas added, “Throughout the implementation we were able to avoid disruption to the business. We’ve also kept costs to a minimum by subscribing to the solution. The YESpay technology is very easy to use and was already integrated with The Retail Suite – Store, so limited staff training and set up effort was required.”

Rohit Patni, EVP Sales and Marketing, YESpay, said, “By outsourcing its card payments processing to YESpay, Borders has a high speed payment service to meet the demands of its business. The retailer has considerably cut the costs of bank accreditation and complying with PCI requirements and only pays a low monthly fee.”

The technology supports all major credit and debit card brands mail order and is ready to support contactless options in the future.

PR Contact:
Tanya Pring
Fieldworks (YESpay PR)
Tel: + 44 (0) 1435 873080
tanya@fieldworksmarketing.co.uk
www.fieldworksmarketing.co.uk


About Borders UK and Ireland
Leading retailer Borders UK and Ireland offers the widest range of books and magazines in the marketplace, and has a growing share of the specialist music and DVD markets. With its Starbucks coffee shops and Paperchase stationery concessions, as well as dedicated children’s sections, Borders stores offer a warm and friendly shopping environment where customers can browse and relax.

Retail Bookselling Chain of the Year 2005 & 2006, and Bookselling Company of the Year 2006 & 2007, Borders UK has over one million square feet of retail space and around 8% of the retail bookselling market. Borders currently operates 41 Borders superstores in city centres and retail parks from Bournemouth to Inverness In October last year Borders opened its first superstore in the Republic of Ireland, in the West Dublin suburb of Blanchardstown. On 28th September Borders opened its Cardiff superstore in the heart of the city centre.

www.borders.co.uk


About YESpay
YESpay is a global payments services company providing highly secure and scalable EMV Chip & PIN, contactless and magnetic credit / debit card, e-commerce and gift card payment processing services to independent and multi-chain merchants. It provides outsourced management payment services anywhere in the world to traditional high street stores, hospitality, leisure, fuel, mail order and web environments.

Through EMBOSS™, its Gateway to Managed Payment Services, merchants can quickly accept integrated card payments within their EPOS tills, kiosks, and hospitality payment systems as well as enhance their websites for on-line payments with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been pre-accredited (generically) by major card Acquirers in Europe and North America (including 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.

YESpay’s EasyV-Suite of card payment products are innovative and cost-effective solutions for EPOS, Kiosk, Hospitality, Mobile and Internet Websites that combine with the YESpay hosted EMBOSS payment service to enable their merchants to perform credit or debit card payments in both card-present and card-not-present environments.

www.yes-pay.com