Barclaycard, global and retail banking division Barclays, is planning to launch Barclaycard SmartPay, a new payment processing system to help its e-commerce customers manage their cross-border payments.
According to the Barclays, the Barclaycard SmartPay will provide organizations access to one single payment processing system to use across markets that can be tailored to offer a range of language and currency settings dependent on where the customer is paying from. The service has been piloted during 2010.
Barclays has said that the new payment processing system which is expected to be launched in summer 2010 will protect customers with a range of built-in fraud and risk tools, and will be PCI DSS compliant and will appeal to merchants in key online sectors such as gaming, retail and travel.
Paul Cook, managing director of global payment acceptance at Barclaycard, said “Barclaycard SmartPay will make it easy for businesses which operate across the EU to accept all types of payments online.”