09.06.09 - International payments firm signs five year global deal

Payments firm Realex Payments today announced that it has signed a five year deal with Virgin Atlantic.

The company has been chosen to provide a complete payment solution for Virgin Atlantic customers worldwide. This solution comprises payment processing, fraud management, consolidated reporting and currency management amongst other elements.

Allan Wallace, Head of card acceptance, Virgin Atlantic said: “We were looking for a payments partner that could provide the flexibility needed to address all of our customer’s requirements.”

Realex Payments will process multiple payment types into a variety of international banks. The service is now live and being rolled out across each of the airlines regional sites.

Allan Wallace continued “We wanted to work with the next generation of payment provider to reach an even higher value level with added services and flexibility.”

Realex Payments Founder and CEO, Colm Lyon said “We are absolutely delighted to be able to announce this deal with Virgin Atlantic. For Realex Payments to be selected by an airline such as Virgin Atlantic is a huge accomplishment and is a compelling example of how Irish Internet businesses can continue to compete and win business internationally.”

“We compete and to win business with clients such as Virgin Atlantic, we must to be different. Our differentiation comes from having real customer service and expertise values and living by these. In the cut and battle of business you can never lose sight of the fundamental business principles - listen to the market and know what you are talking about. We do and this is the cornerstone of our strategy.” Lyon concluded.

Virgin Atlantic currently flies to 30 destinations worldwide.  The airline carried nearly six million passengers last year and has 38 aircraft in its modern fleet. Realex Payments processes in excess of €6Bn in payments on behalf of its 3,000 merchants across Europe.

Realex Payments was founded in 2000 by entrepreneur Colm Lyon and now operates out of Dublin, London and Paris. The Company is continuing with plans to scale and is looking to expand it’s service offering into new regions.

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