As published on Verdict.co.uk July 10, 2020
From today, businesses signed up to the SAP Commerce Cloud will have access to SmartPay, which enables flexible payments. In addition, the platform supports one-click purchases and allows buyers to use a variety of cards, currencies and payment methods.
Marc Pettican, President of Barclaycard Payments, said: “This expansion of our partnership with SAP opens up big opportunities not only for us, but also for the many businesses that use the SAP Commerce Cloud across Europe. They will gain access to a leading payment gateway and will be able to offer customers a smooth, safe and seamless checkout experience.”
Smartpay also uses anti-fraud approaches such as machine learning, to detect fraudulent transactions in real-time and reduce false positives. According to SAP, this approach will protect the business’ finances and minimise negative customer experiences such as payment declines.
Furthermore, for companies who rely on the SAP platform to do business, implementation of Smartpay removes the need to have multiple integrations with different payment providers. This means organisations can offer the same payment experience across multiple channels.
The provision of Barclaycard’s Smartpay gateway to SAP’s European customers is the latest development in the partnership between the two companies.
Last February, Barclaycard’s business-to-business payment solution Precisionpay was incorporated into the SAP Ariba Network.
Charlie Platt, VP and Head of Strategic Customers at SAP UK, said: “This innovative agreement demonstrates the power of our partnership with Barclaycard and our continued alignment to its long-term strategy. SAP Commerce Cloud customers can now deploy a trusted and market-leading payment gateway solution that can help to grow their businesses.”
The extended partnership comes after Barclaycard tapped Kount to equip its transaction tool Barclays Transact with fraud detection software.
Barclays Transact’s fraud module powered by Kount will help its business clients prevent e-commerce fraud, boost sales and customer experiences.