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Payments General

JCB, Allied Wallet to facilitate SEPA transactions

Wednesday 28 June 2017 | 11:33 AM CET

JCB International has signed an agreement with Allied Wallet to facilitate JCB transactions in the Single Euro Payments Area (SEPA).

Due to this partnership, Allied Wallet will extend its JCB functionality beyond ecommerce to bricks and mortar point-of-sale (POS) acceptance, allowing their retailers to attract JCB's 106 million card members worldwide to both their online and/or physical outlets respectively.

The first phase of the partnership will see systems integration for JCB ecommerce acceptance in Q4'17, then becoming fully operational, including POS certification, during 2018.

The Japan-based credit card company is steadily penetrating the SEPA market. In June 2017, JCB has signed a direct License Agreement with CardPay to accept ecommerce card transactions across the SEPA, and other similar agreement with iSignthis.

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