The quality of payment processing by paytech firm Paysend has been recognised by MasterCard.

The recognition comes in the form of MasterCard’s Regional Compliance Award, which compares ICAs (Interbank Card Association Numbers) in their respective region. Only ICAs in the top five per cent with the highest compliance percentage receive the awards.

Ronald Millar, CEO of Paysend, said: “We are delighted to have won this award. The fact that we won this while against the major processors is something we at Paysend are all proud of. Like MasterCard, we take our compliance role very seriously.”

The Award is part of MasterCard’s Data Integrity Compliance Awards Program.