ECommPay secures MasterCard principal member status

5 May 2015

Payment processing company ECommPay has been granted the status of ‘principal member’ by international payment system MasterCard.

The title of MasterCard Principal Member, in addition to accompanying licence agreements, is valid in all European Union member states.

The news comes after iGaming Business reported in February that ECommPay had also been granted Visa ‘principal member’ status by the company’s European board of directors.

Michael Charalambides, director of ECommPay’s Cyprus office, said: “Receiving principal member status in both Visa and MasterCard is a clear demonstration of ECommPay’s determination and progression in becoming a leader in acquiring solutions.

“The MasterCard license confirms the level of quality and the innovation of solutions offered, not to mention the technical merit of our antifraud systems and the successful internal operational processes under which our company functions.

“The new status allows us to connect merchants to MasterCard directly, without the necessity of going through a bank-acquirer, which cuts down on time and costs and allows ECommPay to realise new, lucrative projects.”

Related article: ECommPay gains Visa principal member status