JCB to deploy FIS Payment One switching and acquiring platform
International payment scheme JCB has selected FIS and its Payment One switching and acquiring service.
According to the vendor, Japan-based JCb was looking for a provider to help it drive acceptance of QR payments.
FIS claims its Payments One switching and acquiring services platform is customisable across a range of device and payment types, and with the system deployed at JCB the vendor’s partner banks will be able to enable QR payments for their customers.
JCB will first use the Payments One switching and acquiring services platform to handle QR payments between Vietnam and Thailand, and plans to roll out across the APAC region in due course.
“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,” says Kenta Seya, executive vice president for global network implementation at JCB.
“Working with FIS will give us the broad reach to their partner banks globally to achieve the goal.”
Headquartered in Tokyo, JCB accounts for around 1% of all branded cards issued globally. According to Nilson Report research, the firm experienced an 11% increase in cards circulated by the end of 2018.
Worldpay, acquired by FIS in 2019, has been supporting JCB’s merchant acquiring business internationally since the 1990s.
“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,” says Mahesh Ramamoorthy, managing director for banking solutions at FIS.