UnionPay is a bank card association, with over 6.5 billion cards issued worldwide, having over 38 billion transactions on cards in 2016.
SecurePlus allows the acceptance of both credit and debit cards without a re-direct to a UnionPay Hosted Payment Page. This can cause friction due to internet issues, Chinese fire-wall, browser issues, timeouts, etc., resulting in decreased approval rates.
The solution also supports transaction tokenisation and recurring payments, and can offer protection from fraud chargebacks, a significant concern for merchants selling cross-border. Merchants will also be able to price and sell goods in multiple currencies, such as Chinese Renminbi, Hong Kong Dollars, US Dollars and Singapore Dollars.
For more information about ACI Worldwide, please check out a detailed profile of this company in our dedicated, industry-specific online company database.
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