Belbios will use GlobalCollects soft descriptor technology to process online payments for cinema groups in the Netherlands, like Pathe and Jogchems Theaters, whereby the name of the specific movie theater will appear on the customers credit card statement. GlobalCollect is currently the only Payment Service Provider offering dynamic descriptor technology. It has been specifically designed for online retailers who wish specific product names or customer service telephone numbers to show up on their customers credit card statements, without having to set-up multiple merchant accounts at an acquirer.
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