ATM network operator JETCO has partnered with CyberSource, a Visa company, to offer comprehensive payment gateway services for eCommerce in Hong Kong and Macau.
The collaboration will enable financial firms in those regions to expand their merchant acquiring businesses for online merchants and offer them the latest payment options including digital mobile payment options like Visa Checkout and in-app purchase, according to CyberSource.
As part of the collaboration, JETCO’s extensive bank network and local industry expertise will be integrated with CyberSource’s eCommerce payment platform.
The deal will also enable JETCO to offer enhanced online payment security featuring CyberSource’s payment tokenisation, as well as fraud analytics and real time fraud detection via CyberSource Decision Manager.
“These value added services will further ensure lower fraud risk and streamline the checkout process, while consumers can enjoy a quick, secure and hassle-free eCommerce online payment journey,” CyberSource said in its statement.
CyberSource Asia Pacific head of market development Teresa Wong said: “Consumers in Hong Kong are tech savvy and more connected than ever with internet penetration standing at 79% while eCommerce is on the rise with mobile shoppers making 23% more purchases on the go. Hong Kong’s digital commerce space has immense growth potential and merchants are increasingly looking to tap into the growth opportunity in this space.
“CyberSource is delighted to work with JETCO to enable an enhanced and secure online payment solution so as to support the company’s member banks to achieve its business objectives.”
JETCO chief executive Angus Choi described the collaboration as a significant development in JETCO’s payment gateway offerings, saying: “Our collaboration with an industry leader like CyberSource will not only offer our member banks access to advanced payment gateway services, but also provide strong local support while they expand their merchant acquiring business.
"In order to make eCommerce payment processing easy for businesses, we are always striving to offer total payment solutions suited for the varied business needs of merchants, which will in turn provide consumers a seamless online shopping experience.”