Latest news with #ClickToPay
Yahoo
3 days ago
- Business
- Yahoo
Commonwealth Bank reveals major payment change for 7 million customers
Commonwealth Bank will roll out a new payment option for seven million customers next month. Mastercard's Click To Pay allows you to pay online without having to manually type in all your payment details and is designed to stamp out card-related fraud, which costs Aussies more than $2 billion a year. When shopping online, you normally have to input your name, 16-digit card number, expiry date and 3-digit CVC. This can open you up to potential fraud if the retailer is hacked and those card details are stolen, plus it can be time-consuming for those needing to make quick purchases. CBA Executive General Manager of Everyday Banking, Monica Wegner, told Yahoo Finance the bank would be automatically enrolling customers into the new Click to Pay option from August. With the payment method, your details won't be shared with the online store at all. RELATED Commonwealth Bank boosts cash back, benefits for millions of customers ATO reveals highest paying jobs that don't require university degree: '$130,000 a year' CBA, NAB, ANZ reveal $200,000 move borrowers making after RBA interest rate cuts 'It's effectively, one click, select authenticate and done,' Wegner said. Once CBA customers with debit and credit cards are enrolled into the system, the bank will authenticate transactions within the CBA app. In the interim, customers will be able to authenticate transactions through a one-time code via SMS or email to complete the purchase. Under the system, your card is 'tokenised', meaning it will produce a unique token each time you pay. Wegner said 90 per cent of customers used their CommBank cards for online shopping and the move will help protect customers from fraud threats.'Our transaction data shows that card fraud rates are six times less when transactions use authenticated tokens like Click to Pay, rather than entering those details manually,' she said. 'This is something we think is both easier for our customers as well as something that will keep them a lot safer online, and protect them from fraud.' Wegner said the other benefit was cutting down the time it takes to complete transactions, something customer Magdalena Zajac said would be beneficial for her. The 42-year-old is passionate about going to concerts but has missed out on in-demand tickets in the past because it's taken her too long to input her payment and other details. 'A lot of international acts that come to Australia, they are in high demand and getting tickets is quite tricky and obviously we don't want to miss out,' she told Yahoo Finance. Wegner also confirmed the bank was looking to move to numberless debit and credit cards in the future, something Mastercard has argued would help reduce fraud. AMP became one of the first to introduce numberless cards in February for its small business and everyday banking customers. Richard Wormald, Mastercard's Australasia division president, told Yahoo Finance numberless cards meant customers would no longer need to get their card out and put their number in, but would instead go to their banking app. 'In their banking app, they can create a new card number that's actually a token behind the scenes,' he said. 'The consumer can then set it up with controls so they could say that it's only allowed to be used at this retailer, or only for the next two weeks, or only for my holiday in Japan when I'm snowboarding… then it gets deleted. 'So if the retailer gets hacked with that single-use card, it's useless. The bad actors that steal card data, they're like businesses, so they look for a return, and if they're stealing data and it's not useful, there's no value to it, they'll stop doing it.' Wormwald has said he expects Commonwealth Bank and Westpac could issue cards without numbers in the next year or two. However, a Westpac spokesperson said the bank was "yet to make a decision" on the move. Visa, which works with NAB and ANZ, also has the technology to issue numberless cards. NAB has said it is still working with the card company to see how it could roll out the development as seamlessly as possible, while ANZ said it was always looking for opportunities to protect customers against scams and fraud. More than two million Australians experienced card fraud in the 2023-24 financial year, the latest Australian Bureau of Statistics data found. The total amount lost was $2.1 billion. Click to Pay will be rolled out to all CBA debit and credit card customers from August, but customers can still pay by inputting their details as usual if they lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données
Finextra
10-06-2025
- Business
- Finextra
Australian Payments Plus to bring least-cost routing to online Cick to Pay transactions
Australian Payments Plus (AP+) has selected Giesecke+Devrient (G+D) to develop eftpos Click to Pay with integrated least-cost routing (LCR), a project that is billed as a world first for online debit card payments. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Click to Pay allows consumers to make fast online purchases without manually entering card details, replacing payment card details with a digital token. By integrating Click to Pay with eftpos, merchants will have the option to move away from costly card scheme networks by automatically routing the payment to the lowest-cost network. In an April 2024 report, the Reserve bank of Australia found that the cost of accepting debit card transactions is nearly 20% lower for merchants that have LCR turned on compared with those with LCR turned off. While LCR is widely enabled for in-store payments (70%) and increasingly for mobile wallets (30%), online guest checkout payments have historically lacked this functionality. Adrian Lovney, chief payments and schemes officer at AP+, says:'Click to Pay with eftpos combines the seamless, secure online checkout experience customers expect with the added benefit of least-cost routing - helping put downward pressure on the cost of accepting payments,' AP+ has been working with Google to roll out eftpos functionality and least-cost routing (LCR) on transactions made via Google Wallet, with ANZ and Suncorp as the first two issuers live. Lovney says the programme will be rolled out more widely in 2026.
Associated Press
09-06-2025
- Business
- Associated Press
Visa introduces Click to Pay with leading banks and payment facilitators in Vietnam, transforming the online shopping experience
Vietnam is first market in Southeast Asia to embrace Click to Pay, offering unmatched convenience, security, and efficiency in e-commerce transactions. HCMC, VIETNAM – Media OutReach Newswire – 9 June 2025 – Visa, a world leader in digital payments, is introducing its issuer-offered Click to Pay solution to the market. Military Commercial Joint Stock Bank (MB), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), JSC Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) have been the pioneer banks in adopting the solution. For Techcombank and VPBank, Visa cardholders can experience the solution starting today. On the acceptance side, Click to Pay has been adopted by Ngan Luong Payment Gateway JSC (Alepay Gateway), and VietUnion Online Services Corporation (Payoo), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank). Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience. Click to Pay simplifies online payments by allowing cardholders to complete transactions with just a few clicks, without needing to enter lengthy card and shipping information. It provides consumers with a fast, secure and convenient checkout experience with global acceptance, as Click to Pay is now enabled in even more places where cardholders want to shop online. According to Visa's Green Shoots Radar survey, which surveyed 1,000 Vietnamese online, 99% of surveyed consumers had shopped online in the last 12 months[1], highlighting the rapid expansion of Vietnam's e-commerce sector. By using an email address or mobile number to verify identity, shoppers can bypass the traditional checkout process, eliminating the need to enter extensive details. Additionally, Click to Pay utilizes cutting-edge technology and global security standards to enhance the safety of information and transactions, providing cardholders with greater peace of mind when making online payments. Click to Pay not only saves time for customers but also reduces cart abandonment rates, benefiting both consumers and retailers. 'Visa is committed to driving innovation in the payments landscape and enabling a seamless, secure, and convenient online shopping experience for consumers. With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitization goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners. Click to Pay with Visa will transform the way people shop online, preparing them for the future of a more connected digital economy,' said Ms. Dung Dang, Visa Country Manager for Vietnam and Laos. Click to Pay is now available to Techcombank and VPBank Visa cardholders to enroll via the issuer's banking app or participating online merchants. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience. In Vietnam, Visa has partnered with Payoo – a payment platform serving as a key intermediary for online retail networks – to integrate Click to Pay across Payoo's merchant ecosystem. Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, Hop on Hop off, among others. In the near future, Visa cardholders who use Click to Pay at Payoo-affiliated merchants will enjoy exclusive promotional offers, helping to accelerate the shift toward a more seamless and cashless shopping experience. Shoppers on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam ( Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong Payment Gateway JSC. More merchants are expected to participate in the coming months. Click to Pay is designed to transform digital checkouts and meet EMVCo standards. It utilises the Visa Token Service (VTS) to provide multiple layers of advanced security, enhancing authorization rates and reducing fraud in digital commerce. By replacing sensitive card information, such as the 16-digit Primary Account Numbers (PANs), with tokens, VTS can reduce fraud by 58%[2] and increase authorization rates by an average of 2.5% in Asia Pacific[3], compared to PAN-based card-not-present (CNP) transactions. Click to Pay with Visa simplifies the checkout experience for customers – it's like contactless payments in-store, but for online shopping. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old. [2] Visa Risk Datamart, Global FY22 Q1-A4 Token Fraud Rate vs PAN Fraud Rate by PV for merchants with over 1,000 CNP token transactions per month per country. Merchant's individual results may vary. [3] VisaNet, Oct-Dec 2022, Visa credit and debit card-not-present transactions for tokenized vs non-tokenized credentials in the AP region. Authorisation rate is defined as approved authorisations divided by total authorization attempts based upon a first attempt of a unique transaction. Hashtag: #Visa #ClickToPay The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
Zawya
09-06-2025
- Business
- Zawya
Visa introduces Click to Pay with leading banks and payment facilitators in Vietnam, transforming the online shopping experience
Vietnam is first market in Southeast Asia to embrace Click to Pay, offering unmatched convenience, security, and efficiency in e-commerce transactions. HCMC, VIETNAM – Media OutReach Newswire – 9 June 2025 – Visa, a world leader in digital payments, is introducing its issuer-offered Click to Pay solution to the market. Military Commercial Joint Stock Bank (MB), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), JSC Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) have been the pioneer banks in adopting the solution. For Techcombank and VPBank, Visa cardholders can experience the solution starting today. On the acceptance side, Click to Pay has been adopted by Ngan Luong Payment Gateway JSC (Alepay Gateway), and VietUnion Online Services Corporation (Payoo), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank). Click to Pay simplifies online payments by allowing cardholders to complete transactions with just a few clicks, without needing to enter lengthy card and shipping information. It provides consumers with a fast, secure and convenient checkout experience with global acceptance, as Click to Pay is now enabled in even more places where cardholders want to shop online. According to Visa's Green Shoots Radar survey, which surveyed 1,000 Vietnamese online, 99% of surveyed consumers had shopped online in the last 12 months[1], highlighting the rapid expansion of Vietnam's e-commerce sector. By using an email address or mobile number to verify identity, shoppers can bypass the traditional checkout process, eliminating the need to enter extensive details. Additionally, Click to Pay utilizes cutting-edge technology and global security standards to enhance the safety of information and transactions, providing cardholders with greater peace of mind when making online payments. Click to Pay not only saves time for customers but also reduces cart abandonment rates, benefiting both consumers and retailers. "Visa is committed to driving innovation in the payments landscape and enabling a seamless, secure, and convenient online shopping experience for consumers. With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitization goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners. Click to Pay with Visa will transform the way people shop online, preparing them for the future of a more connected digital economy," said Ms. Dung Dang, Visa Country Manager for Vietnam and Laos. Click to Pay is now available to Techcombank and VPBank Visa cardholders to enroll via the issuer's banking app or participating online merchants. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience. In Vietnam, Visa has partnered with Payoo – a payment platform serving as a key intermediary for online retail networks – to integrate Click to Pay across Payoo's merchant ecosystem. Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, Hop on Hop off, among others. In the near future, Visa cardholders who use Click to Pay at Payoo-affiliated merchants will enjoy exclusive promotional offers, helping to accelerate the shift toward a more seamless and cashless shopping experience. Shoppers on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam ( Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong Payment Gateway JSC. More merchants are expected to participate in the coming months. Click to Pay is designed to transform digital checkouts and meet EMVCo standards. It utilises the Visa Token Service (VTS) to provide multiple layers of advanced security, enhancing authorization rates and reducing fraud in digital commerce. By replacing sensitive card information, such as the 16-digit Primary Account Numbers (PANs), with tokens, VTS can reduce fraud by 58%[2] and increase authorization rates by an average of 2.5% in Asia Pacific[3], compared to PAN-based card-not-present (CNP) transactions. Click to Pay with Visa simplifies the checkout experience for customers – it's like contactless payments in-store, but for online shopping. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old. [2] Visa Risk Datamart, Global FY22 Q1-A4 Token Fraud Rate vs PAN Fraud Rate by PV for merchants with over 1,000 CNP token transactions per month per country. Merchant's individual results may vary. [3] VisaNet, Oct-Dec 2022, Visa credit and debit card-not-present transactions for tokenized vs non-tokenized credentials in the AP region. Authorisation rate is defined as approved authorisations divided by total authorization attempts based upon a first attempt of a unique transaction. Hashtag: #Visa #ClickToPay The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa
Malay Mail
09-06-2025
- Business
- Malay Mail
Visa introduces Click to Pay with leading banks and payment facilitators in Vietnam, transforming the online shopping experience
Vietnam is first market in Southeast Asia to embrace Click to Pay, offering unmatched convenience, security, and efficiency in e-commerce transactions. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old. [2] Visa Risk Datamart, Global FY22 Q1-A4 Token Fraud Rate vs PAN Fraud Rate by PV for merchants with over 1,000 CNP token transactions per month per country. Merchant's individual results may vary. [3] VisaNet, Oct-Dec 2022, Visa credit and debit card-not-present transactions for tokenized vs non-tokenized credentials in the AP region. Authorisation rate is defined as approved authorisations divided by total authorization attempts based upon a first attempt of a unique transaction. HCMC, VIETNAM – Media OutReach Newswire – 9 June 2025 – Visa, a world leader in digital payments, is introducing its issuer-offered Click to Pay solution to the market. Military Commercial Joint Stock Bank (MB), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), JSC Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) have been the pioneer banks in adopting the solution. For Techcombank and VPBank, Visa cardholders can experience the solution starting today. On the acceptance side, Click to Pay has been adopted by Ngan Luong Payment Gateway JSC (Alepay Gateway), and VietUnion Online Services Corporation (Payoo), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).Click to Pay simplifies online payments by allowing cardholders to complete transactions with just a few clicks, without needing to enter lengthy card and shipping information. It provides consumers with a fast, secure and convenient checkout experience with global acceptance, as Click to Pay is now enabled in even more places where cardholders want to shop to Visa's Green Shoots Radar survey, which surveyed 1,000 Vietnamese online, 99% of surveyed consumers had shopped online in the last 12 months[1], highlighting the rapid expansion of Vietnam's e-commerce sector. By using an email address or mobile number to verify identity, shoppers can bypass the traditional checkout process, eliminating the need to enter extensive details. Additionally, Click to Pay utilizes cutting-edge technology and global security standards to enhance the safety of information and transactions, providing cardholders with greater peace of mind when making online payments. Click to Pay not only saves time for customers but also reduces cart abandonment rates, benefiting both consumers and retailers."Visa is committed to driving innovation in the payments landscape and enabling a seamless, secure, and convenient online shopping experience for consumers. With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitization goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners. Click to Pay with Visa will transform the way people shop online, preparing them for the future of a more connected digital economy,"Click to Pay is now available to Techcombank and VPBank Visa cardholders to enroll via the issuer's banking app or participating online merchants. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout Vietnam, Visa has partnered with Payoo – a payment platform serving as a key intermediary for online retail networks – to integrate Click to Pay across Payoo's merchant ecosystem. Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, Hop on Hop off, among others. In the near future, Visa cardholders who use Click to Pay at Payoo-affiliated merchants will enjoy exclusive promotional offers, helping to accelerate the shift toward a more seamless and cashless shopping on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam ( Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong Payment Gateway JSC. More merchants are expected to participate in the coming to Pay is designed to transform digital checkouts and meet EMVCo standards. It utilises the Visa Token Service (VTS) to provide multiple layers of advanced security, enhancing authorization rates and reducing fraud in digital commerce. By replacing sensitive card information, such as the 16-digit Primary Account Numbers (PANs), with tokens, VTS can reduce fraud by 58%[2] and increase authorization rates by an average of 2.5% in Asia Pacific[3], compared to PAN-based card-not-present (CNP) transactions. Click to Pay with Visa simplifies the checkout experience for customers – it's like contactless payments in-store, but for online #Visa #ClickToPay The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
