Realex Payments experiences €7bn increase in processed payments

Business, Finance | Fri 27 May | Author – Business & Finance
Gary Conroy, managing director, Realex Payments

Realex Payments, the e-commerce division of Global Payments, has announced a €7bn rise in the value of payments processed annually, from €28bn as of April 2015 to €35bn as of April 2016.

Realex Payments continues to innovate to meet changing payment demands, delivering a number of key milestones over the past 12 months. The company signed a two-year contract with Allpay, a UK bill collections business, as well as a three-year contract with Aviva.

Realex Payments also partnered with Cybersource to deliver an enterprise fraud solution, which applies over 260 separate fraud checks powered by intelligence extracted from 68 billion transactions processed every year through Visa.

The company held its first Realex FinAppsParty hackathon in London earlier this year. Over 100 app developers across 29 teams created innovative e-commerce apps at the event. Working with the technology from event partners WooCommerce, Veridu, Post-Quantum, Estimote and Amazon Web Services, the developers created everything from a cashless vending machine, to an app for tipping individual service staff, to an app that enabled seamless payments using facial verification – all using Realex’s new mobile libraries to accept payments;

50 jobs were also announced in Ireland and the UK and Realex earned recognition at the FSTech & Retail Systems Payments Awards in the ‘Best UK eCommerce Payment Solution’ category.

“This increase in transactions stems from our growing customer base in Ireland and internationally,” commented Gary Conroy, managing director at Realex Payments. “Over the past 12 months, we have added a significant number of new businesses to our expanding customer base. As our customers scale, and as online payments evolve, we continue to invest in product innovation that drives more consumers to buy online.”

“I’m excited to continue to build a global business, which will accelerate further growth for the business in the next 12 months,” continued Conroy.