Katie Deatsch , Senior Editor
Provides online processing of credit cards in Mexico and Brazil
MINNEAPOLIS-(January 2009) Netgiro Systems, a leading global payment service provider and business unit of Digital River, Inc. (NASDAQ:DRIV), announced it has expanded its payment offering into Latin America. The company is now supporting the online processing of domestic credit cards in Mexico and Brazil, the preferred payment method for the vast majority of online shoppers in the region.
“Many times local credit cards are restricted for cross-border online shopping, which can lead to a decline in successful transactions and significant loss in revenue for e-merchants,” said Johan Hard, managing director of Netgiro Systems. “By taking advantage of our locally adapted payment solution and connections to regional bank partners in Latin America, e-merchants can break through these barriers and increase their sales in one of the fastest growing e-commerce regions in the world.”
Drawing upon its relationship with banks worldwide and its international payments platform, Netgiro offers online merchants global online payment solutions that are tailored to their target markets, industry and risk tolerance. Netgiro delivers its technology and services, which are designed to help expand international reach and simplify payment administration, as a stand-alone payment solution as well as an integrated part of Digital River’s global e-commerce offering.
“Digital River remains committed to supporting global online markets at local levels and continues to take steps to provide companies with the payment processing technology and tools they need to grow outside of their native regions,” said Paul Bridgewater, Digital River, vice president of global payments. “By expanding Netgiro’s payment processing capabilities to Latin America, we can broaden Netgiro’s opportunities in its core markets, which include travel, hospitality, entertainment, telecommunications and retail service-related industries.”
About Netgiro Systems
Founded in 1997, Netgiro Systems is a leading payment service provider. Today, e-merchants from around the world use Netgiro’s services to offer their regional customers relevant local online payment methods and ultimately generate increased sales. Netgiro’s payment solution can support more than 30 localized online payment methods, ranging from credit and debit cards, to direct debit, Internet bank payments, local bank transfers and checks. The company is headquartered in Stockholm, Sweden, with a local presence in the UK and United States. For more details about Netgiro, visit www.netgiro.com.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software publishers, consumer technology manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud prevention, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices in major U.S. cities as well as Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Stockholm, Sweden; Taipei, Taiwan; Tokyo, Japan; and Shanghai, China. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
Digital River is a registered trademark and Netgiro is a trademark of Digital River, Inc. or its affiliates. All other company and product names are trademarks, registrations or copyrights of their respective owners.