JCB and Banco Santander partner to enable a more diversified e-commerce portfolio in Spain
September 24 2020 - 10:00PM
JCN Newswire (English)
- JCB and Banco Santander have evolved their
partnership to additionally support e-commerce exchange between
JCB's 140 million global cardmembers and Banco Santander's online
merchant portfolio in Spain.
- Banco Santander's merchant partners in industries such as retail,
hospitality, transportation, travel, restaurants, and education can
now welcome increased revenue by utilising J/Secure(TM) 1.0 on
their online platforms.
- According to Banco Santander, the COVID-19 lockdown in Spain has
moved customers to online sales, increasing e-commerce transactions
by over 40%. Many face-to-face merchants have been forced to a
quick digitisation of their businesses to offer their products
online or over the phone for delivery.
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Madrid & Tokyo, Sept 25, 2020 - (ACN Newswire) - In June
2019, JCB International Co. Ltd., the international operations
subsidiary of JCB Co., Ltd., and Banco Santander, through its
subsidiary Santander Espana Merchant Services, partnered to support
the growth of face-to-face transactions made by JCB cardmembers
across Spain. Earlier this year, in March 2020, JCB and Banco
Santander pivoted this collaboration to additionally support online
exchange between JCB cardmembers and Banco Santander's e-commerce
merchants. This extensive merchant list includes those in the
retail, hospitality, transportation, travel, restaurant, and
education sectors, to name a few.
In the past 4 years, JCB's annual sales volume has increased by
approximately 37% globally, with over 140 million cardmembers and
around 34 million merchants now accepting JCB cards. This JCB
partnership with Banco Santander offers merchants and cardmembers a
safe online purchase experience with JCB's J/Secure(TM)1.0 (based
on Visa's 3-D Secure Core Protocol Specifications).
This secure platform enhances the online shopping experience, as it
identifies cardmembers by requesting a password. J/Secure(TM) 2.0
(based on the EMV 3-D Secure Protocol and Core Functions
Specification) is set to follow the additional expansion in
future.
Ruben Justel, Managing Director at Santander Espana Merchant
Services, said, "This new step on our fruitful partnership with JCB
contributes to our vision to help our merchants increase their
sales by accepting the most demanded means of payments, in addition
to reaching more international clients from JCB issuing
countries."
Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd.
said, "Partnering with Banco Santander has enabled us to further
fulfil our promise to provide our card members with as many safe
payment methods for international online transactions as possible.
We are further delighted to be able to support Banco Santander's
merchants, as they welcome e-commerce trade while we have seen a
decline in face-to-face sales in recent months. It is our hope that
this collaboration will support recovery of the payment industry,
especially in Spain, after the global COVID-19 pandemic."
About JCB
JCB is a major 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 34 million merchants in the world. JCB cards are
now issued in 24 countries and territories with more than 140
million cardmembers. As part of its international growth strategy,
JCB has formed alliances with hundreds of leading banks and
financial institutions globally to increase merchant coverage and
cardmember base. 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/
About Banco Santander
Santander, with more than 160 years of history, is a retail bank
operating in 10 main markets that obtained an attributable profit
of EUR 7,810 million in 2018 - which is an increase of 18% on the
previous year. Santander's European businesses serve 9.9 million
loyal customers and 14.2 million digital customers, with 70,000
employees and 4,900 branches. In the first quarter, the bank
achieved more than EUR 100 million in efficiencies with costs
falling 5% in real terms year-on-year.
Contacts:
JCB International/Europe
Contact: India Stone
Email: istone@jcbeurope.eu
Phone: +44 020 7087 4754
JCB (Head Office in Japan)
Contact: Kumiko Kida, Ayaka Nakajima
Email: jcb-pr@jcb.co.jp
Phone: +81 3 5778 8353
Source: JCB
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