Allied Wallet Partners with Cartes Bancaires

FOR IMMEDIATE RELEASE: Thursday, October 4, 2012

Los Angeles, CA: Allied Wallet, a globally leading provider of online credit card processing, multi-currency merchant services, state-of-the-art payment processing, digital eWallet solutions, and a PCI Level 1 payment gateway, has partnered with the largest payment network in France, Cartes Bancaires.

Cartes Bancaires is an interbank payment network representing nearly 60 million cardholders, 130 banks, and 1.2 million merchants in France. The Cartes Bancaires, or CB, system is managed by an Economic Interest Group (EIG) which guarantees reliability, ergonomics, and safety.

For nearly twenty-five years, the French have used the CB card as their preferred method of payment and nearly 500 billion Euros are processed within the CB payment network annually. Every year, over twenty-eight billion Euros are spent by the French through the CB network to merchants online and over eighteen billion Euros are processed to pay merchants abroad.

Allied Wallet has recently signed a contract with Cartes Bancaires and expressed their pride in being partnered with such a notable interbank network.

Andy Khawaja, CEO of Allied Wallet, stated, “We feel very proud to be working with a company like Cartes Bancaires. The French have elected the CB bank card as their preferred method of payment for over 25 years now and we are proud to be associated with a payment network of such universal and interoperable qualities.”

With this partnership, Allied Wallet plans to increase their portfolio largely in France and increase processing by over a billion Euros in 2013.

Allied Wallet’s mission statement states that they strive to “simplify the consumer experience” while “providing bespoke payment solutions through innovation.” By partnering with Cartes Bancaires they offer merchants another avenue of profitability while providing an opportunity for CB cardholders to make purchases online.
This partnership is sure to benefit merchants and consumers in France and abroad while revolutionizing payments in an e-commerce environment for every industry worldwide.

***

About Allied Wallet:
Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com for more information.

Contact:
A.J. Almeda
E-mail: aalmeda@alliedwallet.com
United States: (310) 424-5495


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