Customers of London-listed payment processor SafeCharge will be able to accept bank and credit card payments in the US through a new partnership with acquiring bank Chase.

This will allow the supplier's customers to accept card payments in the US at domestic rates and with maximised acceptance rates.

This will offer a smoother payment experience and vastly increase the chances of a transaction from being accepted.

"The US is one of the biggest markets in the world," SafeCharge chief executive David Avgi said. "The Federal Reserve estimates that US credit and debit card payments were worth almost $6 trillion in 2016.

"There's a growing requirement from both consumers and merchants to accommodate cross-border payment acceptance, boosting conversion and enhancing the customer experience," he explained.

Its new partner Chase works with more than 250,000 merchants at more than 560,000 locations across the US.

In 2016 it processed an estimated 16.9bn transactions, which according to card and mobile payment industry bible The Nilson Report makes it the third-largest acquiring bank in the US, with a 20 per cent market share.

Shares in SafeCharge International Group Limited (Co.Data) (AIM:SCH) are trading up 0.58 per cent at 283.64 pence per share in London Friday morning.


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