Offering more seamless payment options with Visa Click to Pay
Worldpay, the payments technology and solutions company has joined forces with Visa, to bring Visa’s Click to Pay payment option to merchants in the U.K.
Worldpay customers using the company’s hosted payments pages can simply turn on Click to Pay with Visa without the need for merchant integration or development.
“Online retailers know the problems of the abandoned cart conundrum. In our research, we’ve found that nearly half of consumers who have abandoned their cart say there were too many steps in the checkout process,” said Pete Wickes, General Manager of EMEA at Worldpay. “We add value for our clients providing them access to payments innovations like Click to Pay with Visa, and we go a step further by making it as easy as a switch of a button to turn it on without further integration work.”
Visa Click to Pay is an innovative card standard for online payments that advances e-commerce by removing the reliance on manually entering card details, enhancing both security and the consumer shopping experience. The technology brings advanced security features such as tokenisation, which uses encryption to further protect a payment by making it unreadable and unusable for unauthorised transactions. Click to Pay has been shown to boost authorisation rates by more than 10%1 and reduce fraud by 80%2 when compared to manual PAN entry.
“Visa cardholders globally can now experience the convenience of our Click to Pay solution, and we’re delighted to be able to bring it to more merchants and consumers by partnering with a leader like Worldpay,” commented Mandy Lamb, Managing Director, U.K. and Ireland, at Visa. “One-click shopping online is now the expectation for many consumers and this partnership will help even more businesses in the UK to deliver on this.”
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1 Visa Net, on merchants live with CTP defined by 1 approved auth in Nov 2023 - Oct 2024
2 Global Risk Team, Visa Net, CTP Fraud Rates, June 23- May 24
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