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Friday, 15 September 2017, 14:00 HKT/SGT
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Source: JCB / Truevo
JCBI and Truevo have signed a license agreement for on-line and face-to-face acceptance of JCB Cards

Tokyo, Japan / Malta, Sept 15, 2017 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., and Truevo Payments Ltd (Truevo), a European financial institution that offers Mobile POS, e-commerce and other transactional services, are proud to announce the signing of a license agreement for JCB Card POS acquiring on the network of Truevo on-line and face-to-face POS terminals.

With this agreement in place, JCB and Truevo will target to go live in early 2018.

The partnership will give both JCB and Truevo additional opportunities to their customer base. JCB will be able to expand the card acceptance, to increase brand awareness presence in market and provide its cardmembers with more convenience. Truevo will have an unmissable chance to enlarge its network, allowing retailers to potentially attract JCB's 106 million worldwide cardmember base to its business and extending JCB services to both on-line and physical POS terminals.

JCBI and Truevo will join efforts in the e-commerce environment, ensuring the highest security standards are met and further partner to guarantee that J/Secure is utilized as the payer authentication service.

Mr. Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd., said about the partnership: "We are very glad to sign this license agreement with Truevo, as it's a great chance to provide JCB cardmembers with greater freedom to spend in more e-commerce and physical retailers. Taking into account the huge growth of e-commerce shopping and international travel, we are always looking for new partners with payment solutions that can offer a wider variety of connections with merchants, so it's a pleasure for us to provide European merchants with the chance to engage with JCB cardmembers. JCB steadily believes this partnership will contribute to the growth and the development of its business, strongly enhancing JCB Card acceptance and visibility".

Mr. Steve Grech, CEO of Truevo Payments, stated: "Truevo happily welcomes the partnership with JCB as a great step forward to better meet its customers' demand and to enable more merchants to accept JCB Cards. The core of our business is connecting merchants with consumers and simplifying payments, so we are proud to join JCB and to offer its payment solutions to our clients; JCB acceptance will attract customers, increase sales and improve satisfaction. Thanks to this agreement, we'll be able to offer significant advantages and to improve the quality of services provided".

ABOUT TRUEVO

Truevo Payments is an MFSA licensed financial institution based in Malta which offers a wide variety of payment services across multiple channels. Solutions are tailored to every kind and size of business and the core services include e-commerce, mobile and virtual point-of-sale, also providing hardware, software, transaction processing, acquiring and fraud screening. As a global player in e-commerce and transactional services, Truevo has been able to acquire cards belonging to the world's main leading card schemes and to offer multi-currency payment processing to businesses based within EU and EEA member states. Products are focused on simplicity, speed and security, and provide an innovative range of simple, intuitive and user-friendly solutions for in-store and on-line card payments across Europe.

ABOUT JCB

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide.

Note: Statistics about JCB are as of March 2017.
For more information, please visit: www.global.jcb/en/

Contact
JCB International Co., Ltd.
Kae Mitsuda
Global Business Planning
Tel: +81 3 5778 7963
Email: jcbinternational-pr@info.jcb.co.jp

Topic: Press release summary
Source: JCB / Truevo

Sectors: Cards & Payments, Retail & eCommerce, Blockchain Technology
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