October 7, 2009
- GMO Payment Gateway
October 7, 2009
Press Release
GMO Payment Gateway, Inc.
(TSE First Section Code: 3769)
GMO Payment Gateway Develops Japan's First OpenID Credit Card Payment Processing Service
Tokyo – October 7, 2009 -- GMO Internet Group non-face-to-face credit card payment processing company, GMO Payment Gateway (TSE: 3769) has developed Japan’s first OpenID credit card payment service that enables credit card details and other information to be associated with a user ID. Through this service, we aim to provide users with a more convenient online shopping experience enabling them to smoothly complete ecommerce transactions at multiple sites from login to payment using a single ID. The service is expected to launch by the end of the year.
Background and Summary
OpenID, the identity that can be used across multiple ecommerce web sites and services, is expanding worldwide and being picked up by a growing number of major companies in Japan. It is estimated that 1.4 billion OpenIDs will have been issued by the end of 2009. However, while an OpenID will allow the user to access different ecommerce sites with one ID, there are currently no services that allow OpenID web sites common usage of customer credit card details and other information required when making a purchase. The user still has to enter this information each time they make a purchase, significantly slowing the process.
GMO Payment Gateway has developed an OpenID payment processing service that allows users to log in to multiple ecommerce sites with a single ID and save time entering payment details. This is the first service of its kind in Japan.
OpenID users can register credit details and other information at the time they acquire an ID. This allows them to make purchases at any OpenID ecommerce site without having to enter payment details. For ecommerce businesses the user hassle of entering credit card information represents a major loss of opportunity - this service significantly reduces that loss. In addition, because the business does not store customer credit card information, there is no need to struggle with measures for protecting against unauthorized access or information leakage.
GMO Payment Gateway is now testing the OpenID payment processing service with Open Source EC-CUBE for ecommerce site construction (*3). We are evaluating the system in conjunction with relevant organizations, and we expect to launch the service before the end of the year.
Epsilon, Inc, a consolidated subsidiary of GMO Payment Gateway, provides payment processing services for the GMO Internet Group ID, “GMO Toku Toku ID”(*4). GMO Payment Gateway and Epsilon intend to provide both the Open ID payment processing service and the GMO Internet Group ID payment processing service.
(*1)Source: OpenID Foundation
(*2)EC-CUBE: Ecommerce web site construction package provided as an Open Source product based on the ecommerce site building experience of LOCKON Co. Ltd in . EC-CUBE is employed by thousands of ecommerce site operators. (http://www.ec-cube.net/)
(*3)Using OpenID AX attribute exchange extension. We are looking to achieve compatibility with higher security extensions within the year.
(*4)GMO Toku Toku ID: A common ID that can be used across multiple GMO Internet Group services. GMO Toku Toku ID holders use the same email address and password to log in to all participating group services, they can also easily complete applications when they begin using new services.
GMO-PG OpenID Payment Processing Service
Release: Scheduled for 2009 following evaluation and testing of the following:
- Evaluation of OpenID’s effectiveness as an authentication system
- Evaluation of attribute exchanges containing credit card information.
- Evaluation of OpenID compatibility Open Source EC-CUBE ecommerce web sites.
- Evaluation of attribute exchange between multiple ecommerce web sites.
- Interoperability evaluation of peer-to-peer authentication system.
- Interoperability evaluation of peer-to-peer authentication system.
- Legal evaluation
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 highly convenient service for both business and consumer. We aim to be the payment processing infrastructure for Japan.
Media Inquiries
GMO Payment Gateway Inc. Corporate Planning Office
E-mail: [email protected]
GMO Internet Inc. Group PR Department
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 yen |
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 |