|By Business Wire
|June 5, 2014 03:30 AM EDT
Communications Corporation, the ICT solutions and international
communications business within the NTT (NYSE:NTT) Group, has announced
the introduction of its payment
solutions to help merchants expand their reach and gain access to
the global e-Commerce market’s vast potential. The solutions lower the
barriers of entry for merchants, allowing rapid access to high-growth
e-Commerce markets such as China.
“Asia’s e-Commerce market is expected to reach over US$525 billion¹ in
2014, with China a key driver of growth. However, implementing and
managing an effective payment strategy can be a very complicated process
for merchants. In our survey² of 200 large US and European global
merchants, 99 per cent of organisations reported challenges when
delivering e-Commerce in Asia such as dealing with different domestic
payment methods, currency restrictions, tax regulations, and high
transaction costs. NTT Communications Payment Solutions have been
designed specifically to help global merchants expand their online
presence and take advantage of the surge in e-Commerce activities in
Asia, especially in China,” said Tyrone Lynch, Vice President, eBusiness
of NTT Com Asia.
Hon Charles Mok, Legislative Councillor representing the Information
Technology sector of Hong Kong commented, “The rising tide of e-payment
plays a fundamental role in the development of the ICT sector. It is
encouraging to see a solution launched, taking eCommerce to another
Developed by NTT Com Asia, the company’s East Asia Headquarters, the
payment solutions leverage the group’s global presence and strengths in
technology and IT infrastructure, providing comprehensive solutions for
all online payment needs. A single, simple integration gives access to
multiple acquirers and payment methods around the world, allowing
merchants to quickly expand their business reach. With the company’s
proven China payment solution, overseas merchants can conduct
cross-border e-Commerce in Reminbi and take advantage of the market’s
Key benefits of NTT Communications payment solutions:
Diverse local acquiring means optimised access to global markets. With
comprehensive coverage of transaction currencies and local payment
methods, merchants can give their customers the ability to pay by the
method that is most convenient. Cross-border processing options and
the availability of settlement in multiple currencies limits foreign
exchange exposure, reducing overall cost.
As a consolidated payment solution, merchants can manage the entire
payment value-chain through a single point of contact and simple,
one-time integration. The solution provides centralised reconciliation
and reporting, with real-time data analytics and business intelligence
on a transactional level.
Advanced security tools such as velocity checks, BIN (Bank
Identification Number) verification, 3D secure, and market-specific
authentication methods help manage risk and lower the chance of
fraudulent transactions. Other features such as tokenisation protect
sensitive customer data in accordance with Payment Card Industry Data
Security Standards (PCI DSS) Level 1 standards.
“Our experts work with merchants closely to help define and implement
innovative payment strategies that yield optimised results. In addition
to advanced e-Commerce payment processing, our omni-channel solution
supports merchants’ evolution to new payment models, such as
online-to-offline (O2O) commerce,” said Lynch.
For more information, please visit:
Communications Payment Solution Introduction Video
1 “Global B2C ECommerce Sales to Hit $1.5 Trillion This Year
Driven by Growth in Emerging Markets”, eMarketer, 3 February 2014
2 “Breaking into Asia: Opportunities and challenges of
cross-border e-Commerce”, a survey NTT Com Asia commissioned market
research firm Vanson Bourne to carry out in March/April 2014
About NTT Communications
NTT Communications provides consultancy, architecture, security and
cloud services to optimise the information and communications technology
(ICT) environments of enterprises. These offerings are backed by the
company’s worldwide infrastructure, including leading global tier-1 IP
network, Arcstar Universal One™ VPN network reaching 196
countries/regions, and over 150 secure data centers NTT Communications’
solutions leverage the global resources of NTT Group companies including
Dimension Data, NTT DOCOMO and NTT DATA.
About NTT Com Asia
NTT Com Asia is NTT Communications’ East Asia headquarters covering Hong
Kong, Macao, Taiwan and Korea. The company provides enterprise-class
network, data centre, cloud, hosting, e-Commerce solutions, and managed
services, and operates its wholly owned subsidiary HKNet in Hong Kong.
Please visit www.ntt.com.hk
for further information.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140605005046/en/
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