This post was originally published on Finextra (Security)
Burbank has today announced a major strategic partnership with global payments technology provider Transactility (creators of jPOS) to accelerate the adoption of Card Present over Internet (CPoI) across the banking sector.
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The partnership will make CPoI globally available to banks and PSPs, including many of the world’s top financial institutions and fintechs.
The agreement will empower financial institutions and payment providers to better serve their merchant customers by making secure, fraud-resistant payment technology quickly and easily accessible globally.
CPoI enables card-present payments to be accepted in digital environments, tackling a critical challenge in modern payments: reducing fraud and chargebacks and eliminating false positives without compromising the customer experience. With these benefits, merchants can expect to see revenue increases of up to 7%. Furthermore, transitioning card-not-present businesses to the gold standard of card-present transactions will support greater confidence for businesses and consumers across the entire payments chain.
“CPoI is now within reach for nearly every major financial institution in the world,” said Justin Pike, Founder and CEO of Burbank. “This partnership with jPOS marks a major step forward in our mission to help
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