SIA and JCB sign agreement to manage Italian payments

SIA, a company specializing in the management of electronic payments, and JCB International Co., Ltd (JCBI), a global payment brand operating in 190 countries around the world, have signed a five-year agreement for the processing of payment transactions of JCB merchants in Italy through the SIA technology platform.

The agreement reached with SIA will enable JCBI to consolidate even further its international presence and the acceptance network for the JCB cards issued outside Italy. In addition to the newly managed Italian merchants, SIA is already delivering the same processing services to JCBI in other European countries.

The SIA platform guarantees compliance with the most recent Italian and European regulations on calculation of fees, and due to its advanced multi-currency and multi-country features, enabling the complete management of the merchant, from the authorization process to acceptance of the transaction, from reporting services to account settlement, all in total compliance with the international data security standards relating to debit and credit cards (PCI-DSS).

“We have been working with SIA so many years in several European markets. Now this partnership extended further, we will be able to deliver more efficient and sophisticated services to our merchants in Italy” commented Tom Okabe, Managing Director of JCB International (Europe) Ltd.

“This important agreement signed with JCBI enables us to consolidate our business in the highly competitive market of payment services, also in the light of the recent coming into force of the regulations concerning interchange fees,” commented Nicola Cordone, Senior Vice President and International Division Director of SIA. “One of the central pillars of our strategy is internationalization and, thanks to the investments made in innovation, we are continuing to develop state-of-the-art technology infrastructures to promote the spread of digital payments at global level, thereby supporting the business and competitiveness of our customers. We currently provide issuing and acquiring services in 15 countries and manage over 65 million payment cards.”

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