Abacus Partners AsiaPay

Abacus-connected travel agents can now benefit from a safer and wider choice of payment options thanks to a new partnership agreement with AsiaPay Limited, a leader in Internet Payment Services.

With this partnership, Abacus-connected agencies can expand both their walk-in, call-in and online business with AsiaPay’s suite of advanced electronic payment and fraud prevention solutions, all within a 3D-secure and Payment Card Industry Data Security Standards (PCIDSS) compliant environment, the payment industry’s highest level of data security.

Agencies will be able to offer a variety of payment choices to their online and offline customers globally, covering credit and debit cards, and other well accepted payment methods. With 3D-secure payment processing, online agencies will further reduce their risk exposure of accepting card payments. Alarmingly, 60% of online merchants in a recent SagePay global survey were unsure if their payment partner was PCIDSS compliant, as many service providers are neither compliant nor certified.

“Secure, convenient and cost-effective payment facilities are the biggest challenge faced by online merchants, especially traditional merchants who are entering the online market for the first time. Those agents who are unfamiliar with the dynamics of fraud, and their customers’ online payment behaviours are easy targets for fraudsters,” Mr. Brett Henry, Vice President Marketing, Abacus International. “This partnership will assist agencies to grow their revenue domestically, regionally, and internationally by enabling travel merchants to offer card-and non-card-based payment options to their customers. In turn, this will significantly improve an agency’s ability to serve a segment of customers who do not own cards or bank accounts, for example, the three million GCASH users in Philippines.”

AsiaPay’s suite of solutions will enable agencies to capture payments securely via email, call center, walk-in, online portal, and mobile (in select markets). A recent study by CyberSource indicates that merchants that offer a range of the right payment options across sales channels and currencies have proven to increase sales by an average of 14%.

AsiaPay CEO, Mr. Joseph Chan, said AsiaPay’s virtual Payment Point-of-Sale (POS) is a real-time, secure, premium service offering. “This solution enables travel consultants to capture payment and fulfill a sale immediately rather than transferring the task to the mid-or back-office (MBO) function and waiting for confirmation,” Mr. Chan said. “Travel providers and other industry merchants have seen improved internal credit card security, and increased sales, without additional monthly POS hardware or communications costs. In addition, through our partnership with Abacus, we are not charging seat license fees or limiting the number of virtual POS that an agency deploys.”

To make it more convenient for agencies, Abacus has also integrated AsiaPay’s fraud detection and prevention services, and payment services into Abacus PowerConnect and Abacus WebStart 2.0. By employing Abacus PowerConnect and/or Abacus Webstart, agencies that subscribe to AsiaPay will start to enjoy the benefits of a highly secured payment service.

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