PR: GlobalCollect to facilitate payments for new Aussie media streaming service

Industry leading payment service provider GlobalCollect announced today a partnership with Australian video streaming service Presto.

GlobalCollect’s payment platform will support the “all-you-can-eat” streaming service by offering reoccurring charges for subscriptions and one-time Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for Pay-per-View content.

Below is the official Press Release from GlobalCollect:

Brisbane, Australia – April 30, 2014 – GlobalCollect, the world’s most knowledgeable payment service provider today shared further detail on its role in providing the payment processing infrastructure behind Presto, Australia’s new all-you-can-eat streaming media service. GlobalCollect provides Presto with Credit Card recurring and once-off payments for both subscription and Pay Per View services for the Presto service. With GlobalCollect on board to facilitate the payments processing, customers are guaranteed easy and secure payments options, and Presto is free to focus on providing the best possible service to consumers.

Streaming media services are rapidly gaining in popularity across the world, bringing about a change in how viewers consume and pay for content. GlobalCollect works with some of the biggest global names in digital goods and services, and brings to Presto two decades of payments experience in music, streaming media, gaming, software and apps, and the unique payment dynamics and monetization models they have introduced.

“For Presto, we were looking for a partner with deep experience in digital media, who could integrate payments easily and smoothly into our content platform. We found that partner in GlobalCollect, a company with an impressive track-record in this space,” said Brad Wilson, Head of Technology and Operations at Presto. “GlobalCollect’s alignment with our other technology partners was an important factor as well.”

“We’re very excited to be working on the infrastructure to support Presto in the Australian market. From working with leading streaming media companies across the world, we’ve seen how popular these services are and how much consumers appreciate the freedom of choice they offer,” said Matthew Rainbow, Country Manager Sales - Australia and New Zealand for GlobalCollect. “Presto offers Australians the best user experience across the board, and by applying best practices gained from working with leading streaming media companies all over the world, we’re proud to make the payments process an important part of that success.”