SegPay Expands Staff, Updates Platform

Digital payment processing company SegPay experienced 24-percent growth in overall volume during 2016, according to a statement the company released Wednesday. Much of the revenue growth has been invested in upgrades to administrative systems and the website platform.Digital payment processing company SegPay experienced 24-percent growth in overall volume during 2016, according to a statement the company released Wednesday. Much of the revenue growth has been invested in upgrades to administrative systems and the website platform.

Part of SegPay’s 2016 system investments included updating and translating its customer support website in addition to adding card updater, retention offers, 3D secure safety technology, dynamic recurring billing and multicurrency functionality.

SegPay also expanded its staff by 28 percent to support its growing client roster and technology advancements. Specifically, the company hired new employees to help accommodate new product offerings and support quality assurance, development and marketing needs.

“2016 was all about advancement and enhancements at SegPay,” said President and Chief Executive Officer Cathy Beardsley. “We’ve made serious investments in ourselves to better serve our clients. We look forward to helping our merchants drive significant business growth in 2017.”

Over the past several years, SegPay has forged new partnerships for merchants in the high-risk credit card processing space, including white-label cam technologies. In 2016, the company continued to build strategies around cutting-edge technology programs to provide merchants additional lines of revenue.

SegPay also worked to establish and build relationships with merchants, focusing on how to facilitate client needs.

“We’re off to a strong start in 2017, putting our technology goals into practice and making clients’ needs our number-one priority,” said Vice President of Operations Jeff Rosenzweig. “A big part of our growth last year was introducing our new payment gateway to the marketplace. With the launch of this offering and the team’s dedication to speeding up the payment process as a whole, we can now shift focus toward growing market share.”

 

Marty O'Brien

Raised in the Appalachian Mountains of Kentucky, Marty O'Brien was the first of the O'Brien clan to obtain a college degree. A former sports journalist, O'Brien got a peek at the inner workings of the adult entertainment industry while on an assignment to cover the Los Angeles Lakers. He joined the YNOT editorial team in late 2010 and now specializes in technology , business news and ogling starlets.

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