Boca Raton, FL, November 05, 2011 --(PR.com
)-- Paykings.com has announced new banking relationships in Europe and Asia that can allow traditionally "high risk" merchants---those found in adult industries, pseudo-pharmaceuticals, and free trial continuity merchants--- typically promoted through affiliate marketing networks----to process online credit and debit card payments. According to company officials, the new innovative methodology for assessing a merchants needs through a proprietary predictor tool.
Paykings.com Company spokesman John Block said "This software uses smart algorithms based on prior merchant performance and category type, as well as 16 other criteria to determine what companies in the high risk category for merchant processing will perform best...meaning achieve the lowest incidence of 'chargebacks'--where the consumer disputes the efficacy of goods or services sold by the merchant." He continued by saying "The new software has gained acceptance by banks who are seeking the lucrative business from these ecommerce merchants----Affiliate offers, Diet Products, Digital Content, Adult,Continuity/Rebill, Free Trial, Financial Services, Nutraceuticals, Supplements, Gaming(non-US), International companies, Credit monitoring, Online Auctions, Online Pharmacies, Auto warranties, and other highly profitable industries long shunned by US banks."
In addition company risk manager Albert King stated "The monitoring systems we have in place for our high risk merchant accounts has proven successful in beta testing...and we are showing banks the results of our managed merchant accounts as being the tops in the industry."