Digital River World Payments Expands Credit and Debit Card Processing Services through First Data
MINNEAPOLIS — June 1, 2012 — Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced that it has expanded its Digital River World Payments solution by adding a full card acquiring service for U.S. domestic credit and debit card processing through First Data Corporation, a global leader in electronic commerce and payment processing. Digital River World Payments will act as an Independent Sales Organization (ISO) reseller for First Data.
As part of the combined solution, Digital River World Payments will act as a single commercial, technical and operational connection for online merchants that wish to use the First Data platform for efficient card processing. This joint offering allows Digital River World Payments to further expand its product portfolio, enhance its card acquiring services and strengthen its position as a leading global, turnkey e-payment solution provider.
“This addition to our payment portfolio allows us to deliver greater value to our U.S. clients,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “Because we will act as a single partner for processing, settlement and reporting, our clients benefit from being able to quickly bring their products to market, optimize costs and reduce the number of providers they need to manage their global payments program.”
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
About Digital River, Inc.
Digital River, Inc., the revenue growth experts in global cloud commerce, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel 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 a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, 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 across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support credit and debit card processing through First Data; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
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