VCA Stocks

SAFTPAY, Inc., a secure global payment system designed to eliminate fraud and safeguard consumer financial information in online transactions, has secured six million dollars ($6,000,000 US) in Series A funding.  To guard against the ongoing threat of online fraud, the SAFTPAY proprietary model releases absolutely no customer financial data while handling payments of an online customer’s purchase of goods or services. Not even SAFTPAY is aware of their clients’ sensitive personal financial information. Only the consumer and the consumer’s bank are aware of the transaction and source of payment.  The SAFTPAY system works through banks’ subscription agreements which banks in turn offer to their customers as an add-on service. Similarly, online merchants also subscribe to the SAFTPAY network. SAFTPAY functions as an online firewall protecting consumers and their bank accounts while facilitating the same consumers’ payments to online merchants worldwide in the merchants’ local currency.