Digital payments solutions company Wirecard has joined forces with WHSmith. Together, the two aim to give the retailer more opportunities to cash in on digital payments.
They will focus on digital payments capabilities for e-commerce as well as with WHSmith’s point of sale solutions.
The first step will be to equip 900 WHSmith stores in Britain with Chinese payment methods. This will provide Chinese travellers with the opportunity to pay for things in ways they use at home without any extra cost.
Moreover, Wirecard and WHSmith are enabling the retailer to process payments made using Mastercard’s Pay by Bank App. Pay by Bank App is an online checkout option that lets customers pay using the bank app on their phone, making online checkout easier since the payment takes place from the user’s own bank app.
As a result, users do not need to disclose payment details, create new accounts or logins, or remember additional passwords. Customers benefit from an easy and seamless checkout experience. Additionally, this solution already enables strong customer authentication (SCA), which is the final stage of the EU’s Revised Payment Service Directive (PSD2) that is going to come into force on September 14.
“We are happy to collaborate with WHSmith to process their digital payments,” commented Fredrik Neumann, vice-president of sales and retail at Wirecard. “Through this cooperation with yet another major retailer, we are proving our ability to understand the needs of internationally-facing merchants and the retail sector as a whole, as well as significantly expanding our footprint in the UK market. We look forward to a successful cooperation with WHSmith.”
Earlier in August, Wirecard announced the release of a new fast track to PSD2 onboarding through its digital Financial Commerce platform. The solution would help corporate customers comply with the two-step authentication requirements set forth by PSD2’s SCA rules.
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