Barclaycard enhances e-commerce with SmartPay
by Gill Montia
Story link: Barclaycard enhances e-commerce with SmartPay
Barclaycard is to launch a new payment processing system this summer, which should help its e-commerce customers better manage cross-border payments in the European Union.
Barclaycard SmartPay works by giving firms access to one single payment processing system that can be tailored to provide a range of language and currency settings.
The new method also embodies a range of PCI DSS compliant fraud and risk tools that should appeal to merchants in online sectors such as gaming, retail and travel.
Separately, Barclaycard has disputed a recent claim by business information provider, Datamonitor, that the recession has delayed retailers and banks from investing in contactless payments.
The lender’s head of UK payment acceptance, Stuart Neal, says: “Far from delaying the uptake of contactless, the recession has provided an added impetus for retailers to be innovative and offer improved customer service.”
He adds: “Currently there are 25,000 Barclaycard contactless terminals live and accepting payment across the country and we remain committed to working with retailers and consumers to roll it out across the UK.”