March 18, 2013
Planet Payment rolls out UnionPay solution
CANADA-- Planet Payment, a US-based multi-currency payment and data processor, has introduced a new solution to allow e-commerce merchants in the US and Canada to accept UnionPay cards.
Planet Payment has integrated the UPOP into iPay, the company's payment gateway, enabling merchants to create a customised payment experience using Planet Payment's API or leveraging iPay's Hosted Payment Page. Merchants can obtain UPOP directly from Planet Payment as a standalone solution.
Payment will also be adding UPOP to its Shop in Your Currency service, allowing merchants to localise their offering and enable Chinese consumers to view pricing and pay in their local currency, while the merchant receives settlement in either USD or Canadian USD.
UPOP also features an SMS-based authentication system that can help merchants minimize fraudulent transactions. Once a cardholder enters their card details in the payment page, UnionPay sends a PIN Code to the cell phone that is registered to the UnionPay card. The cardholder is then prompted to enter this PIN to complete the transaction.
International Checkout, a third-party payment and fulfillment service for US retailers selling globally online, is the first merchant to launch Planet Payment's UPOP solution in the US.