JCB International, the international operations subsidiary of JCB Co has partnered with Banco Santander, through its subsidiary Santander España Merchant Services to bolster the growth of face-to-face transactions made by JCB card members across Spain.
It comes after early in the year when JCB and Banco Santander pivoted this collaboration to additionally support online exchange between JCB cardmembers and Banco Santander’s e-commerce merchants.
This extensive merchant list includes those in the retail, hospitality, transportation, travel, restaurant, and education sectors, to name a few.
Rubén Justel, Managing Director at Santander España Merchant Services, commented: “This new step on our fruitful partnership with JCB contributes to our vision to help our merchants increase their sales by accepting the most demanded means of payments, in addition to reaching more international clients from JCB issuing countries.”
In the past four years, JCB’s annual sales volume has increased by approximately 37% globally, with over 140 million cardmembers and around 34 million merchants now accepting JCB cards.
This JCB partnership with Banco Santander offers merchants and cardmembers a safe online purchase experience with JCB’s J/Secure 1.0 (based on Visa’s 3-D Secure Core Protocol Specifications).
This secure platform enhances the online shopping experience, as it identifies cardmembers by requesting a password. J/Secure 2.0 (based on the EMV 3-D Secure Protocol and Core Functions Specification) is set to follow the additional expansion in future.
Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd, added: “Partnering with Banco Santander has enabled us to further fulfil our promise to provide our card members with as many safe payment methods for international online transactions as possible.
“We are further delighted to be able to support Banco Santander’s merchants, as they welcome e-commerce trade while we have seen a decline in face-to-face sales in recent months. It is our hope that this collaboration will support recovery of the payment industry, especially in Spain, after the global COVID-19 pandemic.”
