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Planet Payment, an international multi-currency payment and data processor,
has expanded its processing solution by achieving certification with JCB International. The certification
allows Planet Payment to process transactions completed by JCB cardholders received from
supported point-of-sale applications, including stand-alone credit card terminals and integrated
payment solutions such as hotel property management systems.
JCB International is a leading international credit card brand and
one of the largest issuers and acquirers in
Japan. Historically, JCB focused primarily upon the Japanese tourist segment. Over the course of
the past few years, it has formulated a more comprehensive global growth strategy, increasing JCB
issuance through 350 financial institutions around the world. According to
JCB, it has 59.05 million cardholders worldwide, is accepted at 14.05 million merchant
outlets across 190 countries, with annual sales volume of US$62.7 billion. JCB is
currently experiencing
particularly strong growth in Asia.
Planet Payment provides acquiring banks, processors and their merchants with a comprehensive suite of international processing solutions
and services, which are designed to improve efficiency and profitability. With the certification in place, Planet Payment has added JCB to
card types supported within its product set, allowing the company to offer JCB processing to JCB partner banks or financial institution
located anywhere in the world, with the exception only of North America. Planet Payment also intends to certify to J/Smart, JCB’s Smart Card
Transaction Specification, which will allow for the processing of JCB chip-and-pin smart cards.
Commenting on the certification with JCB, Philip Beck, Chief Executive Officer of Planet Payment,
said, “The certification of Planet Payment with JCB is a significant addition to our international suite of processing solutions. Given JCB’s strong footprint in Asia, the ability to
process JCB transactions allows Planet Payment to deliver a more comprehensive and robust product set to both our existing and future
customers.”
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other recent news regarding:
Planet
Payment, Credit
Cards, JCB
International
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