Pay in Private
Financial Services - , ,
Pay in Private Details
Pay in Private is offered through a partnership between Pay in Private and Net1. Pay in Private is a U.S based company that has roots in direct marketing, transaction processing, online financial services and bringing new technology to market. The CEO was one of the first licensees of Children's Television Workshop and created the Sesame Street Big Bird Book Club. He also assisted MCI in the launch of MCI Mail, one of the first email services. Additionally he was CEO/founder of PhoneBase, the first IVR service bureau. Other ventures included the first check over the phone payment service, now part of First Data, an early dating site and a major issuer of online debit cards. With another Pay in Private founder, they created the first online people search.Net1 (NASDAQ -UEPS) is headquartered in Johannesburg, South Africa, and has subsidiaries all around the world. With a track record of 20 successful years in the payments industry, an in-depth knowledge of developing, integrating and upgrading financial transaction systems for a broad range of business requirements, Net1 remains at the cutting edge of payment systems related technologies. Net1 processed over 425 million financial transactions annually with a value in excess of $10 Billion.Net1 has developed patented technology that enables a consumer to securely generate a one-time use Mobile Virtual Card (MVC) Debit MasterCard® number for a specific purchase amount. MVCs are used like traditional plastic credit or debit cards, except that as soon as the transaction is authorized, the generated virtual card number expires immediately. The consumer can also elect to set an "up till" purchase amount to enable recurring charges with the merchant.
