Cardstream leverages Mastercard’s Click to Pay to bolster growth

credit: Shutterstock
credit: Shutterstock

Payment gateway Cardstream will partner with Mastercard to gain access to its new Click to Pay service that will enable its customers to make more seamless checkout payments. 

Cardstream merchants will be able to embed Click to Pay which helps remove manual credit and debit card processes to make the checkout process more streamlined, enabling a greater chance of customer retention for the merchant. 

Mastercard’s latest service also allows consumers to store and manage their card details in a single profile, which can also be automatically updated. 

Adam Sharpe, CEO at Cardstream, said: “Incorporating Mastercard’s Click to Pay within our e-commerce portfolio will give our customers another competitive advantage. 

“It will enable consumers to have access to their choice of cards on different devices, without having to enter a password or details of the card manually. 

“The Cardstream vision is about leveraging technology to create flowing and high-precision options for our partners and their customers. This is another way we are doing this.”

Cardstream noted that due to digital wallets and payments now becoming the new dominant transaction method in retail, it needed a secure and smooth solution that will help its merchants. 

Mastercard highlighted that Click to Pay has already seen a 50% reduction in the checkout time period, whilst payment acceptance rates have jumped by 3% with expectations for the service to grow further in the ever-increasing digitised payments landscape. 

Suren Nawalkar, Senior VP for Business Development at Mastercard, UK & Ireland, added: “Most people still use guest checkouts when they shop online. 

“Click to Pay is a quick and convenient solution which saves the need to remember lots of different passwords. We’re working with our partners like Cardstream to make sure their customers have access to the very best payment innovation and technology.”