Realex Payments helps Cryptologic Cash in With its Payment Processing Solution

Posted by Gambling News | Gambling Industry News | Tuesday 12 January 2010 3:19 am

Europe’s fastest growing Payments firm announces 3 year deal with globalgaming developer.

Cryptologic, the innovative provider of internet gaming solutions has signeda three year deal with Realex Payments to support its card processingrequirements across its increasing customer base.

Founded in 1995, Cryptologic is a pioneer in the multi-billion pound globalinternet gaming market. The company is a global developer of branded onlinebetting games and Internet casino software and provides support services andmanages payments for some of the world’s biggest gaming companies – including InterCasino, 888, Lucky Ace Gaming and Virgin Games.

Realex Payments was founded in 2000 by award winning entrepreneur Colm Lyonand has over 3,500 clients across Europe. Clients include The AA, VirginAtlantic, Vodafone and Aer Lingus, we well as a number of major gamingcompanies such as InterPoker.

As a result of continued growth, Cryptologic needed to expand its paymentprocessing capabilities and selected Realex Payments to provide increasedfunctionality and additional capacity. The deal involves Realex Paymentsproviding payment processing for Cryptologic across a variety of currencies,regions and card types, acting as a gateway service to its card acquiringpartners.

"Although we had a very tight deadline and an extensive wish list ofspecific requirements, Realex was able to implement the solution quicklyand efficiently, meeting our demands in the timeframe required," said KieronNolan, Director of Treasury at Cryptologic. "As well as providing animpressive cost-effective solution, Realex offered a high level of supportand consultancy. Compared with other solutions on the market, RealexPayments technology and operational approach is far more advanced, modernand fitting to our needs. We receive concise and easy-to-follow monthlyreports and we always deal with a very professional, prompt and responsivededicated account manager."

Speaking about the deal, Realex Payments CEO and Founder Colm Lyon said "Weare delighted to announce this deal with Cryptologic. They are a dynamic,fast growing company, who like Realex Payments focus on deliveringinnovation to their clients. We have grown our business by delivering bestof breed payment processing services which includes market leading supportand payments expertise. For Realex Payments to be selected at Cryptologic’sglobal payment partner ahead of an incumbent, demonstrates our leadershipand our ability to deliver bespoke requirements within a tight timeframe."

As a result of the partnership between the two companies, Cryptologic hasbeen able to significantly improve its technical infrastructure which willsupport future growth plans and demands around security and reliability

About Realex Payments:

Realex Payments is a leading European payment service provider. With officesin Hammersmith, London and Dublin, Ireland, the company enjoys anexceptional track record of growth. Founded in 2000 by award winningentrepreneur Colm Lyon, the company provides a broad range of paymentservices to small and large businesses as well as financial institutions. Realex Payments process billions of pounds per annum for merchantsdomestically and internationally, across a wide range of industriesincluding airlines, mobile carriers, utilities, insurance companies andgaming companies. Clients include Virgin Atlantic, Vodafone, The AA, AXAInsurance and Aer Lingus.

About Cryptologic:

Focused on integrity and innovation, CryptoLogic Limited is a leading publicdeveloper and supplier of Internet gaming software. With more than 300games, CryptoLogic has one of the most comprehensive casino suites on theInternet, with award-winning games featuring some of the world’s most famousaction and entertainment characters. The company’s licensees include manytop Internet gaming brands, including the “big four” internationaloperators. CryptoLogic’s leadership in regulatory compliance makes it one ofthe few companies with gaming software certified to strict standards similarto land-based gaming. WagerLogic? Limited, a wholly-owned subsidiary ofCryptoLogic, is responsible for the licensing of gaming software andservices to blue-chip customers that offer their games to non-U.S. basedplayers around the world. For information on WagerLogic, please visit

CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY),the NASDAQ Global Select Market (CRYP) and the Main Market of the LondonStock Exchange (CRP). (

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