August 17, 2009
- GMO Payment Gateway
August 17, 2009
Press Release
GMO Payment Gateway, Inc.
(TSE First Section Code: 3769)
GMO Payment Gateway Offers Customer Information Manager at One Tenth of Regular Price in Campaign Targeting Fraud Prevention
Tokyo – August 17, 2009 – GMO Internet Group non-face-to-face credit card payment processing company, GMO Payment Gateway announces the launch today of a campaign offering transfer to a Customer Information Manager (CIM) service. The offer, running through to the end of September, is being made available in light of a recent spate of security breaches involving customer data.
Aimed at merchants currently storing customer credit card information on their own systems, the campaign offers transfer to a CIM service (a sophisticated credit card payment processing service that does not require customers to store their own customer data) for the prevention of information leakage. During the campaign, merchants will pay only a 50,000 yen set-up fee, one-tenth of the regular price (500,000 yen). At the same time we are offering up to 1 million yen to companies that offer system construction solutions to transferring merchants under our Partner Finance Program.
Outline
The growth of the online shopping and ecommerce industry has resulted in heightened demand for a secure online credit card use environment. It has become essential for merchants operating ecommerce sites not only to strengthen internal systems but to safeguard against unauthorized external access. Last year GMO Payment Gateway introduced a CIM service for recurring payments and other advanced credit card payment processing services. The service allows ecommerce site operators to store credit card information on GMO-PG systems instead of their own server. Because the merchant does not hold any customer credit card information, there is no risk of security breach or information leakage.
However, there are many ecommerce sites still not taking advantage of CIM services and in the last year there have been many incidences of customer credit card information leakages from businesses and other organizations. GMO-PG is committed to providing consumers with secure online credit card payment services and promoting construction of safe ecommerce sites. For this reason we have decided to offer our PG Multi Payment Service (of which CIM is a standard feature) with a set-up cost of just one tenth of the regular price.
Through the campaign GMO-PG strives to increase awareness of ecommerce site security among merchants, expand our simple and safe payment processing infrastructure, and advance trust in online payment processing.
PG Multi Payment Service is a SaaS service that processes multiple payment methods (credit card, electronic money etc.) using a single payment gateway. With free 3-D Secure (*1) and Card Security Code (*2), not only does the service provide storage of credit card data, it also prevents credit card fraud. Transfer to the PG Multi Payment Service is required to take advantage of the current campaign.
Going forward we will be adding further fraud prevention options to the PG Multi Payment Service.
The campaign also includes our Partner Finance Program that supports developers who build system solutions for merchants transferring to CIM services.
(*1) The 3-D Secure protocol is an additional layer of authentication for online payments. It allows users to make online credit card payments without entering their credit card number and expiration date with an Internet-use only ID and password issued by the card company.
(*2) A Card Security Code (CSS) is a three digit number affixed to the end of the credit card number printed on the back of Visa, MasterCard, JCB, and Diners Club cards, or a four digit number on the front of other cards. The code verifies that the customer has the card in their possession.
1. Price (ex tax)
(1) Transfer to CIM service Set-up fee: 50,000 yen (regular price 500,000 yen)
* Set-up fee for the PG Multi Payment Service is 50,000 yen (regular price 500,000 yen). Please note that regular monthly fees apply.
(2) Partner Finance Program provided for system construction support of up to 1 million yen
2. Campaign period
August 18 to end of September
3. Eligibilty
(1) Merchants using GMO-PG credit card payment processing services that require the customer to store their own credit card information.
(2) Non GMO-PG customers using credit card payment processing services that require the customer to store their own credit card information.
(3) Companies that offer systems solutions for merchants transferring to CIM services.
GMO Payment Gateway Inc.
GMO-PG provides credit card payment processing services including remote payment processing for online stores etc, processing of recurring payments such as CATV and NHK fees as well as social insurance, payments to the Tokyo Metropolitan Government and other public institutions . It is a completely safe and very convenient service for both business and consumer. We aim to be the payment processing infrastructure for Japan.
Our operations are based on an information security environment that conforms to the following information security standards.
1. Privacy protection regulations of the Japan Consumer Credit Association, established in accordance with the Ministry of Economy, Trade and Industry guidelines.
2. Credit industry global security standards PCIDSS jointly formulated by JCB, American Express, Discover, MasterCard and VISA, and ISMS ISO/IEC27001:2005 certification.
Media Inquiries
GMO Payment Gateway Inc. Corporate Planning Office
E-mail: [email protected]
GMO Internet
E-mail：[email protected]
About GMO Internet Group
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, e-commerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
GMO Payment Gateway Inc.
Company Name | GMO Payment Gateway Inc. http://www.gmo-pg.com/ (TSE First Section Code: 3769) |
Address | Shibuya Square A, 1-9-5 Dogenzaka, Shibuya-ku, Tokyo JAPAN |
CEO | Issei Ainoura |
Business Description | - Credit card payment processing and related services |
Capital | 655 million million |
GMO Internet Inc.
Company Name | GMO Internet Inc. http://www.gmo/jp/en (TSE First Section Code: 9449) |
Address | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Masatoshi Kumagai |
Business Description | - Web Infrastructure & Ecommerce - Internet Media |
Capital | 1.27 billion yen |