Ecommpay has partnered with Mastercard to integrate
Click to Pay solution across the UK and Europe, Yahoo Finance reported. This
collaboration promises to provide merchants and consumers with an efficient
payment experience, reducing fraud and improving transaction approval rates.
Click to Pay eliminates the need for passwords and
manual card entry by utilizing user recognition, network tokenization , and
global interoperable standards. This integration enhances the guest checkout
process by allowing customers to complete purchases without being redirected or
entering card details manually.
Commenting about the collaboration, Liudmila
Zhelenkova, the Head of Acquiring at Ecommpay, said: “Not only does Click to
Pay allow customers to pay with just a few clicks, it addresses the
inconvenience of manual card entry, offering a more efficient and secure
payment experience.”
“This streamlined process increases transaction
success rates and conversion rates while maintaining the same processing costs
as regular card transactions, so we expect it to become increasingly popular
among merchants.”
Ecommpay has reportedly embedded this technology
within its online payment interface to ensure enhanced payment flow for its
merchants. Click to Pay is supported by major card networks and aims to
simplify online transactions. It offers payments across any device and browser,
directly integrating into the checkout flow.
Reducing Checkout Times
Mastercard estimates that implementing Click to Pay
can increase approval rates by up to 3% and reduce checkout times by as much as
50%. Thus, the platform aims to reduce interruptions and minimize fraud through
secure encryption.
Most recently, Mastercard has collaborated with
companies globally. In May, the payment giant partnered with Access BankGroup, a Nigerian multi-national bank, to facilitate cross-border payments. The
two companies unveiled a new solution to enable businesses and consumers across
Africa to complete international transactions.
Mastercard also joined forces with CrediMax, a credit
card issuer in the Kingdom of Bahrain, to provide a payment solution. The
checkout solution allows customers to complete purchases across various
devices. It aims to save time and reduce the likelihood of errors by
eliminating the need for manual password entry.
Ecommpay has partnered with Mastercard to integrate
Click to Pay solution across the UK and Europe, Yahoo Finance reported. This
collaboration promises to provide merchants and consumers with an efficient
payment experience, reducing fraud and improving transaction approval rates.
Click to Pay eliminates the need for passwords and
manual card entry by utilizing user recognition, network tokenization , and
global interoperable standards. This integration enhances the guest checkout
process by allowing customers to complete purchases without being redirected or
entering card details manually.
Commenting about the collaboration, Liudmila
Zhelenkova, the Head of Acquiring at Ecommpay, said: “Not only does Click to
Pay allow customers to pay with just a few clicks, it addresses the
inconvenience of manual card entry, offering a more efficient and secure
payment experience.”
“This streamlined process increases transaction
success rates and conversion rates while maintaining the same processing costs
as regular card transactions, so we expect it to become increasingly popular
among merchants.”
Ecommpay has reportedly embedded this technology
within its online payment interface to ensure enhanced payment flow for its
merchants. Click to Pay is supported by major card networks and aims to
simplify online transactions. It offers payments across any device and browser,
directly integrating into the checkout flow.
Reducing Checkout Times
Mastercard estimates that implementing Click to Pay
can increase approval rates by up to 3% and reduce checkout times by as much as
50%. Thus, the platform aims to reduce interruptions and minimize fraud through
secure encryption.
Most recently, Mastercard has collaborated with
companies globally. In May, the payment giant partnered with Access BankGroup, a Nigerian multi-national bank, to facilitate cross-border payments. The
two companies unveiled a new solution to enable businesses and consumers across
Africa to complete international transactions.
Mastercard also joined forces with CrediMax, a credit
card issuer in the Kingdom of Bahrain, to provide a payment solution. The
checkout solution allows customers to complete purchases across various
devices. It aims to save time and reduce the likelihood of errors by
eliminating the need for manual password entry.
