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New Cryptologic Card Processor Realex Payments

1/11/10 - Online gambling software developer and turnkey provider Cryptologic has signed a three year deal with Realex Payments to support its card processing requirements across a growing customer base.
Realex Payments was founded in 2000 by award winning entrepreneur Colm Lyon and has over 3 500 clients across Europe. Clients include The AA, Virgin Atlantic, Vodafone and Aer Lingus, and a number of major gaming companies such as Party Poker.
Realex Payments will meet the online gambling software company's need to provide increased functionality and additional capacity, a spokesman said. The deal involves Realex Payments providing payment processing for Cryptologic across a variety of currencies, regions and card types, acting as a gateway service to its card acquiring partners.
Kieron Nolan, Director of Treasury at Cryptologic, said: “Although we had a very tight deadline and an extensive wish list of specific requirements, Realex was able to implement the solution quickly and efficiently, meeting our demands in the timeframe required. As well as providing an impressive cost-effective solution, Realex offered a high level of support and consultancy.
"Compared with other solutions on the market, the Realex technology and operational approach is far more advanced, modern and fitting to our needs. We receive concise and easy-to-follow monthly reports and we always deal with a very professional, prompt and responsive dedicated account manager.”
Realex Payments CEO and Founder Colm Lyon said: “We are delighted to announce this deal with Cryptologic. They are a dynamic, fast growing company, who like Realex Payments focus on delivering innovation to their clients.”
As a result of the partnership between the two companies, Cryptologic has been able to significantly improve its technical infrastructure which will support future growth plans and demands around security and reliability, a spokesman said.

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