JCB Enables Cross-Border QR-Code Payments with FIS
June 04 2020 - 07:00PM
JCN Newswire (English)
- JCB selects FIS' Payments One switching and acquiring
services to broaden acceptance of QR payments while enabling
cross-border payments.
- FIS partner banks will now be able to offer JCB QR Code Payment
methods to merchant clients.
|
TOKYO, June 5, 2020 - (ACN Newswire) - FIS(TM) (NYSE:FIS), a
global leader in financial services technology, today announced
that an international payment scheme, JCB, has selected FIS'
Payments One switching and acquiring services[1] to enable
cross-border QR-code payments.
As consumers seek greater speed and convenience in their payment
transactions, merchants are increasingly adopting QR codes and
other digital payment types. The Worldpay from FIS 2020 Global
Payments Report found that digital wallets now account for 58
percent of regional eCommerce purchases and are expected to reach
almost 70 percent by 2023. Digital wallets also now surpass cash at
the point-of-sale, accounting for 36 percent of in-store sales in
2019.
JCB, a leading international payment scheme based in Japan, was
looking for a technology provider to help it drive acceptance of QR
payments among consumers as part of its quest to be the preferred
card brand. JCB chose FIS because of its global footprint, deep
network of local acquiring licenses, and for the advanced
capabilities of FIS' Payments One switching and acquiring services
platform.
The FIS Payments One switching and acquiring services platform is
customizable across a range of device and payment types. With this
new payment method integrated into the platform, FIS partner banks
can quickly and easily enable JCB QR Code Payment for their client
base.
JCB plans to first use the Payments One switching and acquiring
services platform to handle QR payments between Vietnam and
Thailand, with plans to roll out across the APAC region.
"Improving the customer experience across the market is our number
one goal," said Kenta Seya, Executive Vice President, Global
Network Implementation Department at JCB Co., Ltd. "By creating a
cross-border solution, we look forward to creating a more
consistent experience for JCB card members as they travel, allowing
them to pay using their preferred method, no matter where they go.
Working with FIS will give us the broad reach to their partner
banks globally to achieve the goal."
"By integrating QR payments for JCB cardholders through our
Payments One switching and acquiring services platform, our partner
banks will now have a way to deliver QR-based payments faster than
before," said Mahesh Ramamoorthy, Managing Director, Banking
Solutions, FIS.
Worldpay from FIS has been supporting JCB's merchant acquiring
business internationally since the 1990s. In last December, FIS and
JCB enabled card acceptance for Worldpay from FIS merchants in
Japan, and this announcement further extends the companies'
partnership.
[1] FIS' Payments One switching and acquiring services platform is
a highly scalable payment processing solution for credit, debit,
multicurrency prepaid, virtual card, digital wallets, loyalty
programs and other value-added services.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500(R) company and is a member of Standard & Poor's
500(R) Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
About JCB
JCB is a global payment brand and a leading credit card issuer and
acquirer in Japan. JCB launched its card business in Japan in 1961
and began expanding worldwide in 1981. Its acceptance network
includes about 34 million merchants as well as cash advance
locations around the world. JCB cards are now issued in 24
countries and territories, with more than 140 million cardmembers.
As a comprehensive payment solution provider, JCB commits to
providing responsive and high-quality service and products to all
customers worldwide. For more information, please visit:
www.global.jcb/en/
Contact
for FIS
Kim Snider, +1 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
for JCB Co., Ltd.
Kumiko Kida
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp
Source: JCB
Copyright 2020 ACN Newswire . All rights reserved. |
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