MeaWallet’s Click to Pay offering has been updated through several changes to its product in a bid to support businesses usage of the method when it comes to regulatory compliance.
MeaWallet product updates support businesses facing mandatory regulatory requirements that state they must support Click to Pay, as well as those aiming to offer customers an advanced, user-friendly online checkout option.
The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants.
The payment method is backed by tokenisation security, which is becoming one of the predominant ways to perform e-commerce transactions as it provides an additional layer of security.
By eliminating the need to store sensitive information on merchant servers, tokenisation enables a more secure online shopping experience but also increases transaction approval rates, delivering a higher-conversion checkout process for retailers.
Thomas B Normann, CPO at MeaWallet, commented: “As digital payment adoption continues to grow, MeaWallet remains focused on delivering solutions that meet consumers’ demand for speed, security, and ease of use.
“That’s why we are thrilled to launch updates to our products in support of Click to Pay. With tokenisation as a cornerstone of its foundation it is transforming the online checkout experience by eliminating the need for manual card entry.”
With the launch of Click to Pay, the major payment networks have also introduced new requirements for issuers. The new features MeaWallet aims to help issuers meet these requirements, with minimal technical effort.
The new features include auto enrolment in regions where regulations permit cardholders to automatically be enrolled to Click to Pay, push provisioning for Click to Pay users on issuer’s apps or websites for a simple enrolment process.
