Cryptologic signs deal with Realex Payments

(PRESS RELEASE) -- Cryptologic, the innovative provider of internet gaming solutions has signed a three year deal with Realex Payments to support its card processing requirements across its increasing customer base.

Founded in 1995, Cryptologic is a pioneer in the multi-billion pound global internet gaming market. The company is a global developer of branded online betting games and Internet casino software and provides support services and manages payments for some of the world's biggest gaming companies - including Party Gaming, 888.com and Virgin Games.

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, we well as a number of major gaming companies such as Party Poker.

As a result of continued growth, Cryptologic needed to expand its payment processing capabilities and selected Realex Payments to provide increased functionality and additional capacity. 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.

"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," said Kieron Nolan, Director of Treasury at Cryptologic. "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, Realex Payments 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."

Speaking about the deal, 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. We have grown our business by delivering best of breed payment processing services which includes market leading support and payments expertise. For Realex Payments to be selected at Cryptologic's global payment partner ahead of an incumbent, demonstrates our leadership and our ability to deliver bespoke requirements within a tight timeframe."

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