Nochex Online Payments Service becomes the latest payment service provider partner for V.me by Visa

Leeds, 20 June 2014 – Nochex Ltd, the UK’s leading independent provider of online payment services to internet entrepreneurs, is pleased to announce that it has become the latest Payment Service Provider (PSP) to give the V.me by Visa digital wallet service access to its e-commerce merchant portfolio.

V.me by Visa is the UK’s first pan-European digital wallet service to be offered by banks and financial institutions. Offering simple, secure online payments, V.me by Visa is designed to increase consumer confidence in online shopping and reduce the proportion of sales that are abandoned during the checkout process.

"Nochex is very pleased to confirm that V.me is completely integrated into the Nochex payment service providing another attractive alternative payment option for Nochex' retailers throughout the UK. Online shoppers want to be able to make their purchases quickly and safely, and integrating V.me with our existing capabilities is another important step forward," said Martin Greenbank, Chief Executive Officer, Nochex.

"We’re delighted to welcome Nochex to the list of PSPs supporting V.me by Visa," said Wendy Martin, Executive Director of V.me by Visa. "Their support will help us make V.me by Visa available to an even wider range of merchants and retailers in the UK."

Daft 4 Art N Crafts Ltd, is a typically remarkable online business that is now accepting payments via V.me. Based in Swindon, the company is over ten years old and specialises in providing the fantastical contents of children's and grown-up's party bags. Owner Martin Ewer says "We have always tried to react promptly to changes in our industry and more importantly by our shoppers. Our customers expect greater degrees of convenience and security in terms of how they can pay. V.me enables our customers to make simple and secure online payments, without requiring them to enter their card details every time they get to the checkout. Since we began working with Nochex, we have been really impressed that they share our passion for putting the customer first and when they suggested we adopt V.me as a payment method we were immediately won over by their enthusiasm."

As the name would suggest Happy Beekeeper is a website dedicated to beekeeping and is focused on becoming the UK’s leading website for bee keeping supplies! The owner of Happy Beekeeper, based near Swindon, is James Durham. James says "We were really excited when we were offered the opportunity to be among the very first retailers to offer V.me as a payment method on our website. We have built up a really close relationship with Nochex and as soon as they suggested that we introduce V.me we wanted to do it! Our customers expect high quality, and we know that Nochex and V.me will help us to meet their expectation".

Strapfactory is a not untypical internet retailer, the sort of business that might have once been a shop on the high street, but today it is online. Strapfactory, and its proprietor, Michael Rogers, supply a wide variety replacement watch straps. Making things easy for his customers is most important. "Visa is such a trusted brand that when Nochex approached us with a view to our being one of the initial merchants to offer V.me, we could not say ‘yes’ fast enough! We have worked well with Nochex for many years and when they recommend an opportunity like this to us we are very keen to take it."

About Nochex

Nochex is a UK-based provider of online payment solutions. Trusted by businesses and consumers around the world to process millions of pounds each year, small, medium and micro-sized enterprises use the Nochex payment solution to simplify how they accept and settle online credit card and debit card payments. The Nochex payment service helps businesses to start trading quickly and safely. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the UK across a wide range of industries. Nochex Ltd is a private company. For more information about Nochex visit www.nochex.com

About Visa Europe

Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe.

Visa Europe works at the forefront of technology to create the services and infrastructure which enable millions of European consumers, businesses and governments to make electronic payments. It is not a credit card company, almost 80% of its business is on debit cards, and its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees.

Visa Europe operates a high volume, low cost business model that provides services to its members. Its surplus is reinvested into the business and used to improve capital and reserves. In the last six years, Visa Europe has invested over €1 billion in new technology and infrastructure.

There are 470m Visa cards in Europe while €1 in every €6.75 spent in Europe is on a Visa card. Almost 80% of Visa Europe's business is on debit cards and, in the year to December 2012, over €1 trillion (1.05tr) was spent on Visa debit cards. Annual online spending on Visa cards in Europe topped €200 billion (€212bn) for the first time in this period and now accounts for more than 20% of Visa Europe’s processed business.

Since 2004, Visa Europe has been independent of Visa Inc. and incorporated in the UK, with an exclusive, irrevocable and perpetual licence in Europe. Both companies work in partnership to enable global Visa payments. As a dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.

For more information, please visit http://www.visaeurope.com and follow us on Twitter: @VisaEuropeNews.