JCB announces new partnership with Nuvei
By Leandra Monteiro
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced its partnership with Nuvei.
Nuvei now offers JCB acceptance to its global merchant ecosystem, enabling JCB’s more than 140 million-strong cardmember community to pay at Nuvei’s network of 50,000 merchants across global markets. These merchant sectors include social media, luxury retail, travel and entertainment. This will allow JCB to provide a compelling offering for the global spenders amongst its cardmember community.
Ray Shinzawa, Managing Director for JCB International (Europe) Ltd., said, “This is an exciting moment for JCB in expanding global acceptance for our cardmembers. We are delighted to be partnering with such an innovative brand in the payments space and look forward to bringing the mutual benefits of seamless and secure online payments to both Nuvei’s merchant ecosystem and our loyal card members.
Nuvei’s unique platform provides merchants with choice and flexibility to capture every payment opportunity, increase acceptance rates and reduce operating costs. The partnership with JCB will open greater opportunities for Nuvei’s merchant community to provide comprehensive payment acceptance and greater sales opportunities on a global scale.
Nuvei will also be offering J/Secure™ 2.0, JCB’s cardmember authentication programme conforming to the EMV® 3-D Secure Protocol and Core Functions Specification to prevent fraud. J/Secure™ 2.0 is expanding globally and supported by major global suppliers of 3DS Server and ACS. It provides more opportunities to JCB acquirers and issuers for secure e-commerce transactions and enhances the customer experience to reduce cart abandonment by introducing Frictionless Flow (the customer will not be prompted for additional information such as a password) through risk-based authentication that supports richer data exchanges and additional data sharing during online transactions.
This partnership is the latest stage in JCB’s growing global acceptance, bringing secure payments to the fast-growing sector of online sales e-commerce. With the global e-commerce market forecast to total $6.169 trillion by 2023 and set to take more than 22 % of total retail sales1, JCB’s partnership with Nuvei provides an exciting platform for further growth.
Yuval Ziv, President at Nuvei, commented, “We’re excited to extend our partnership with JCB and continue to support them along their global acceptance journey. Our business is focused on accelerating merchant’s businesses through innovative payment solutions which promise a frictionless, secure payment experience for their customers. The evolution of our partnership with JCB is testament to this and we’re optimistic about the future of this partnership.”
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