Standard
Payments Deploys BIN Blocking for MatchNet
October 7, 2004
Dallas, TX – October 7, 2004 -- Standard Payments, LLC, the majority-owned merchant services subsidiary of Dallas-based payments services company Transactional Technologies, LLC, has enabled its proprietary JetPay™ real time BIN blocking utility for Beverly Hills, CA-based MatchNet plc. Standard Payments currently provides MatchNet with Visa, MasterCard, Discover and American Express card authorization and settlement processing services.
BIN Blocking is a fraud prevention service that permits the establishment of unique business rules to allow or deny by BIN (Bank Identification Number), or by country or by combinations of both. Because the merchant holds liability for fraud-related chargebacks in the card-not-present payments acceptance environment, BIN blocking is a valuable risk mitigation and chargeback reduction tool.
“As an international online personals service provider, certain MatchNet sites have been a target for credit card fraudsters,” said Brian Clarke, Director of Finance, MatchNet, plc. “BIN blocking protects MatchNet from this activity, and permits selective acceptance, based on our criteria and market objectives.”
“The rapid development and deployment of real time BIN blocking for MatchNet is an ideal illustration of our unique business model,” said David L. Tepoorten, President of Standard Payments. “We build and manage custom payment acceptance solutions; MatchNet demonstrated a specific need and we acted quickly to provide a solution.”
About Standard Payments, LLC
Detroit-based Standard Payments, LLC is "Setting the Standard in Payments Delivery"® by providing transaction processing products and Visa and MasterCard merchant account support that enable its clients to convert payments acceptance technologies into business solutions. Standard Payments is an industry specialist in merchant account acquisition and management, and deploys its recommended payment options, strategies, software and solutions for credit card, debit card, prepaid/gift card, and electronic check acceptors across North America. For more information visit www.standardpayments.com and www.jetpay.com.
About MatchNet plc
MatchNet plc is one of the world’s largest providers of online dating services. MatchNet is traded on the Frankfurt Exchange under the symbol “MHJG.” The Company’s Global Depository Shares trade under the symbol “MHNZF”. The MatchNet network includes AmericanSingles®.com, JDate®.com, JDate.co.il, MatchNet.de, MatchNet.co.uk, MatchNet.com.au, Glimpse.com®, CollegeLuvÔ.com, Date.caÔ, and FaceLink®.com. More information is available at www.MatchNet.com.
Contact Information:
Aliki Liadis-Hall