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JCB and Banco Santander have developed their partnership to further support e-commerce exchange between JCB’s 140 million global cardholders and Banco Santander’s portfolio of online merchants in Spain.
– Banco Santander’s business partners in industries such as retail, hospitality, transportation, travel, restaurants and education can now receive increased revenue when using J / Secure ™ 1.0 on their online platforms.
– According to Banco Santander, the blockade of COVID-19 in Spain has moved customers to online sales, increasing e-commerce transactions by more than 40%. Many face-to-face merchants have been forced to quickly digitize their businesses to offer their products online or by phone for delivery.
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. face made by JCB. cardholders throughout Spain. Earlier this year, in March 2020, JCB and Banco Santander launched this collaboration to further support online exchange between JCB cardholders and Banco Santander e-commerce merchants. This extensive list of merchants includes those in the retail, hospitality, transportation, travel, restaurant, and education sectors, to name a few.
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In the last 4 years, JCB’s annual sales volume has increased approximately 37% globally, with over 140 million cardholders and around 34 million merchants now accepting JCB cards. This JCB partnership with Banco Santander offers merchants and cardholders a secure online shopping experience with JCB’s J / Secure ™ 1.0 (based on the specifications of Visa’s 3-D Secure Core protocol).
This secure platform enhances the online shopping experience by identifying cardholders by requesting a password. J / Secure ™ 2.0 (based on EMV 3-D Secure Protocol and Core Functions Specification) is set to follow further expansion in the future.
Ruben Justel, General Director of Santander Spain Merchant Services, said: “This new step in our fruitful association with JCB contributes to our vision of helping our merchants increase their sales by accepting the most demanded means of payment, in addition to reaching more customers international of the JCB issuing countries “.
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Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd. said: “The partnership with Banco Santander has enabled us to further deliver on our promise to provide our cardholders with as many secure payment methods for international online transactions as possible. In addition, we are delighted to be able to support Banco Santander merchants who welcome e-commerce, while we have seen a decline in face-to-face sales in recent months. We hope that this collaboration supports the recovery of the payments industry, especially in Spain, after the global pandemic of COVID-19 ”.
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