Barclaycard has announced the launch of new secure online payment processing system, Barclaycard SmartPay.

Barclaycard SmartPay was designed to help European retailers compete with domestic retailers in foreign markets and reduce the number of transactions where customers do not complete their purchase. 

The new payment processing system was developed in collaboration with global internet payment and e-commerce solutions provider Adyen.  Barclaycard SmartPay is expected to revolutionize cross-border e-commerce by offering a simpler, seamless payment experience to consumers.

Whether in traditional retail sales, leisure and travel or other key online sectors, Barclaycard SmartPay will enable merchants to take maximum advantage of the rapidly growing online sales market as new system’s next generation functionality offers a single payment gateway for large merchants’ online shops, adapting language and currency to the origin of the paying customer.

While ensuring an interruption-free redirect to the payments page, it also offers a diverse range of payment methods, helping retailers to meet local consumer preferences for online transaction types across European countries which helps lower abandonment rates.

Importantly, Barclaycard SmartPay is PCI DSS compliant that will protect customer transactions with a range of built-in fraud and risk tools. Besides, the system integrates easily with shopping carts and existing e-commerce solutions, and will provide merchants with a live snapshot of all online sales activity via real-time management reporting.