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StanChart, TechProcess Team to Offer Customers Online Payment Solutions
IT News Online Staff
2010-08-03
TechProcess Solutions Ltd., a provider of payment solutions, has tied up with Standard Chartered Bank to offer online payment solutions to the Bank’s customers.
Under this partnership, Standard Chartered Bank account holders will be able to access TechProcess’ network of Web merchants to pay for products and services online directly through their Standard Chartered Bank accounts.
TechProcess’ gateway is integrated with merchants from various sectors such as travel and ticketing, film tickets, entertainment, flower delivery services, education institutes, prepaid recharge, telecom, insurance and utilities. The addition of Standard Chartered Bank will enable these Web merchants to sell services to and collect payments from Standard Chartered Bank customers.
"This initiative underlines Standard Chartered’s commitment to offering our customers greater choice and convenience," said Rajashree Nambiar, General Manager, Distribution, Standard Chartered Bank. "TechProcess is a well-known brand with an established network. Our commitment to bringing unique products and services that add convenience and ease to our customer’s lives is further supported by this association."
"We are delighted to partner with Standard Chartered Bank to offer our extensive network of Web merchants for online payments. I am confident that TechProcess will empower the customers of Standard Chartered Bank with a convenient and flexible e-commerce experience," said Bikramjit Sen, CEO, TechProcess Solutions Ltd.
TechProcess said in recent years, more and more customers are shopping online. According to a report published by Internet and Mobile Association of India (IMAI) and Indian Market Research Bureau (IMRB), ‘Active Internet Users’ - those who use Internet at least once a month - rose to 52 million in September 2009 from 42 million a year earlier. With the growth of Internet usage, including for shopping, the security of payment transactions has become critically important for customers, banks and merchants alike.
TechProcess said its payment gateway has adopted stringent safety measures to ensure that customers can transact online without fear of their personal and confidential information being compromised. TechProcess is ISO 27001:2005 certified, which is one of the most recognized information security standards in the world.
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