The partnership extends the reach of both organizations in markets around the world, while providing the companies the ability to provide their customers a more secure and seamless payment option.

"The announcement with GlobalCollect represents a solid step in our continued growth and accelerating momentum," said Sandra Feinberg, Vice President of Sales for SafetyPay. "Our existing merchant partners already recognize the value of our solution, which ensures zero fraud and no chargebacks, and we're confident GlobalCollect's merchant base will quickly adopt the SafetyPay solution."

Together, SafetyPay and GlobalCollect reach merchants and consumers in over 200 countries and territories across North America, Latin America, Europe, Middle East, Asia and Africa to create a truly global footprint. With SafetyPay, merchants can offer goods and services to customers they weren't previously able to serve, including:

• Customers who do not have internationally accepted credit cards
• Customers who don't want to use credit cards for fear of fraud or identity theft
• Customers without credit cards, but sufficient funds in their bank accounts

"As a global full-service Payment Service Provider we're excited to offer the highly secure and seamless SafetyPay payment solution to our merchant partners around the world," said Mike Goodenough, Vice President Payment Partnerships at GlobalCollect. "It is a great addition to our growing global payments network. We're excited to connect our merchants to the 300 million strong international customer base that has access to SafetyPay today. By working together, SafetyPay and GlobalCollect will create an international ecommerce network that is unprecedented in scope and value."