Union bank of India has launched e-commerce services using electraECOMM, electronic payment gateway solution by ElectraCard Services (ECS).
The payment gateway solution will be integrated with the bank's core banking system, thus facilitating e-commerce services. The bank expects the new facility would supplement its present revenue-pool. Its customers can now have access to e-commerce services to facilitate secure, real-time payment processing. ElectraECOMM supports all major credit and debit cards from global payment processing networks and multiple currencies.
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Along with ElectraECOMM, Union Bank of India has also implemented ECS’s ElectraSECURE for secure online e-commerce services. ECS informs to be a PCI DSS certified third party processor (TPP) for MasterCard and VISA.
Lalit Sinha, general manager, Union Bank of India comments, “The e-commerce services and payment gateway business fit strategically to our overall value proposition to the target customers. We believe this tie-up with ElectraCard Services would be beneficial to both organizations.”
ECS will host Union Bank’s payment gateway and merchant management services from its Mumbai data-center, according to ECS CEO Ramesh Mengawade.