JCB cardmember spend in Europe from 2016 – 2019 increased by over 300%
JCB International and Checkout.com, the global payments processing platform, have announced the rollout of J/Secure™2.0 which is compliant with EMV 3DS to Checkout.com’s merchants in the UK.
According to the press release, Checkout.com is the first licensee partner in the UK to go live with J/Secure™2.0, JCB’s authentication program for card-not-present transactions.
J/Secure™2.0 makes online commerce safer by adding an important identification step in the online purchasing journey, which enables cardmembers to directly authenticate their card with the issuer.
In 2017, JCB and Checkout.com announced their merchant acquiring partnership across 36 European countries and the UAE.
With the recent rise and demand for customers to move to online retail spend, JCB and Checkout.com have extended their collaboration in the UK to include EMV 3DS, in the form of JCB’s J/Secure™2.0 for e-commerce transactions going forward.
Besides, this platform is expected to provide a gateway for JCB’s 140 million global cardmembers to process their online payments. In addition, it will enable retailers to reduce cart abandonment and serve as an opportunity for incremental sales from new target markets and customers. This will also further enable Checkout.com’s merchants to facilitate secure international card transactions, whilst boosting sales and reducing disputed transactions.
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