Asian Spectator

JCB Enables Cross-Border QR-Code Payments with FIS

  • Written by ACN Newswire - Press Releases

JCB Enables Cross-Border QR-Code Payments with FIS

TOKYO, Jun 5, 2020 - (ACN Newswire) - FIS(TM) (NYSE: FIS), a global leader in financial services technology, today announced that an international payment scheme, JCB, has selected FIS' Payments One switching and acquiring services[1] to enable cross-border QR-code payments.

As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR codes and other digital payment types. The Worldpay from FIS 2020 Global Payments Report found that digital wallets now account for 58 percent of regional eCommerce purchases and are expected to reach almost 70 percent by 2023. Digital wallets also now surpass cash at the point-of-sale, accounting for 36 percent of in-store sales in 2019.

JCB, a leading international payment scheme based in Japan, was looking for a technology provider to help it drive acceptance of QR payments among consumers as part of its quest to be the preferred card brand. JCB chose FIS because of its global footprint, deep network of local acquiring licenses, and for the advanced capabilities of FIS' Payments One switching and acquiring services platform.

The FIS Payments One switching and acquiring services platform is customizable across a range of device and payment types. With this new payment method integrated into the platform, FIS partner banks can quickly and easily enable JCB QR Code Payment for their client base.

JCB plans to first use the Payments One switching and acquiring services platform to handle QR payments between Vietnam and Thailand, with plans to roll out across the APAC region.

"Improving the customer experience across the market is our number one goal," said Kenta Seya, Executive Vice President, Global Network Implementation Department at JCB Co., Ltd. "By creating a cross-border solution, we look forward to creating a more consistent experience for JCB card members as they travel, allowing them to pay using their preferred method, no matter where they go. Working with FIS will give us the broad reach to their partner banks globally to achieve the goal."

"By integrating QR payments for JCB cardholders through our Payments One switching and acquiring services platform, our partner banks will now have a way to deliver QR-based payments faster than before," said Mahesh Ramamoorthy, Managing Director, Banking Solutions, FIS.

Worldpay from FIS has been supporting JCB's merchant acquiring business internationally since the 1990s. In last December, FIS and JCB enabled card acceptance for Worldpay from FIS merchants in Japan, and this announcement further extends the companies' partnership.

[1] FIS' Payments One switching and acquiring services platform is a highly scalable payment processing solution for credit, debit, multicurrency prepaid, virtual card, digital wallets, loyalty programs and other value-added services.

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500(R) company and is a member of Standard & Poor's 500(R) Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

About JCB

JCB is a 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 about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. 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/

Contactfor FISKim Snider, +1 904.438.6278Senior Vice PresidentFIS Global Marketing and Communicationskim.snider@fisglobal.com

for JCB Co., Ltd.Kumiko KidaCorporate CommunicationsPhone: +81-3-5778-8353 Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Authors: ACN Newswire - Press Releases

Read more //?#

Apollo Proton Cancer Centre Receives Prestigious JCI Accredita...

CHENNAI, India, July 3 /PRNewswire-AsiaNet/-- Apollo Proton Cancer Centre (APCC), the first Proton Therapy Centre in South Asia and the Middle East, announced its accreditation by Joint Comm...

OneWeb Announces HMG and Bharti Global Limited Consortium as W...

LONDON, July 3, 2020/PRNewswire-AsiaNet/-- - A consortium of Her Majesty's Government (HMG) (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global...

NEC and JAMSTEC Develop AI-based System for Measuring Microplastics in the Ocean

TOKYO, Jul 3, 2020 - (JCN Newswire) - NEC Corporation (TSE: 6701), in cooperation with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC), today announced the development of...

CRRC Releases Its 2019 Australia Sustainability Report

SYDNEY, July 3, 2020 /PRNewswire-AsiaNet/ -- - The rail transport equipment company continues its commitment to sustainability to cultivate win-win opportunities and unlock long-term economi...

9 in 10 Employees Say Lack in Data Skills Lead to Greater Challenges at Work, May Be Career Development Roadblock

92% admit to not achieving optimal productivity due to a lack of data skills 89% say that they face challenges at work as a result of not understanding data87% view their lack of data c...

2.2 Million People set new record for views tuning in to BLACKPINK X #TwitterBlueroom

BLACKPINK communicated with fans around the world via #TwitterBlueroom Live Q&A, topping Twitter Trending globallyBLACKPINK introduced self-drawn special emoji on #TwitterBlueroom LiveBL...

Nitin Gadkari Inaugurates VVDN's Global Innovation Park (Techn...

GURUGRAM, India, July 02, 2020 /PRNewswire-AsiaNet/ -- The Hon'ble Union Minister, Shri Nitin Gadkari today inaugurated VVDN Technologies [https://www.vvdntech.com/] new Global Innovation Pa...

International Alliance for Responsible Drinking: CEOs of Leadi...

LONDON, July 3, 2020, /PRNewswire-AsiaNet/-- The COVID-19 pandemic presents an unprecedented global challenge of protecting lives while also safeguarding livelihoods and communities. Only a ...

SANNE Appoints New Head of Business Development in Tokyo

ST HELIER, Jersey, July 3, 2020 /PRNewswire-AsiaNet/ -- SANNE, a leading global provider of alternative asset and corporate services, has appointed Sakuya Tajima as Head of Business Developm...

United Safety Acquires QTEC Fire Services PTY LTD

EXTON, Pennsylvania, July 3, 2020 /PRNewswire-AsiaNet/ -- -- United Safety acquires premier supplier of high-quality fire suppression equipment.United Safety, a global manufacturer of safety...

Neusoft Ranks Top in China Healthcare IT Solutions Market for ...

SHENYANG, China, July 2, 2020 /PRNewswire/ -- Recently, International Data Corporation (IDC) has released the China Market Shares of Core Hospital Management Systems 2019: Upgrading Core Sys...

Xovis Multiplies Your Options in One Fell Swoop

ZOLLIKOFEN, Switzerland, July 2, 2020 /PRNewswire-AsiaNet/ -- - Two new AI features for in-store analytics made possible by Xovis 3D sensorsWhen their ordinary "all-in-a-day's-work" became e...

ANGUS Chemical Company Launches New TRIS AMINO(TM) AC (ADVANCE...

BUFFALO GROVE, Illinois, July 2, 2020 /PRNewswire-AsiaNet/ -- - COMPANY'S NEWLY EXPANDED TRIS AMINO MANUFACTURING FACILITY IN GERMANY PROVIDES THE MARKET WITH A DUAL ANGUS MANUFACTURING SOUR...

The 127th Canton Fair Concludes, Establishing A New Trade Mech...

GUANGZHOU, China, July 2, 2020/PRNewswire-AsiaNet/-- The 10-day 127th China Import and Export Fair (Canton Fair) concluded with fruitful results and helped promote the development of interna...

Liquid Group partners with NICE Payments to expand cross-borde...

SINGAPORE, July 1, 2020 /PRNewswire-AsiaNet/-- --Liquid Group will strengthen its cross-border contactless QR payment network through a strategic collaboration with NICE Payments ("NICE") as...

Global Pandemic and Recession - 4ARTechnologies is the First S...

ZUG, Switzerland, July 2, 2020/PRNewswire-AsiaNet/-- Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the ar...

HeiQ Viroblock Certified as Cosmetic Grade and Bio-based Renew...

ZURICH, July 2, 2020 /PRNewswire-AsiaNet/ -- Textile innovator HeiQ's antiviral textile technology, HeiQ Viroblock NPJ03, has been certified as safe and sustainable as all its ingredients ar...

CIIE: South Korean Firms Believe Import Expo Will Restore Stre...

SHANGHAI, July 2, 2020 /PRNewswire-AsiaNet/ -- With many countries seeking ways to offset the economic slowdown caused by the COVID-19 outbreak and foster fresh trading momentum, the China I...

CIIE: Cambodia Firms Believe Import Expo to Boost Trade and In...

SHANGHAI, July 2, 2020 /PRNewswire-AsiaNet/ -- It's more than 100 days away, but Rouen Sovannarith has been eagerly awaiting the third CIIE as he thinks CIIE will provide a powerful boost fo...



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion