UnionPay partners with Latitude19
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Latitude19 Technology says its internet payment gateway is now registered with UnionPay Online Payment, a service for eCommerce transactions that enables UnionPay cards to be accepted over the internet with real-time transaction authorisation.
The service brings the convenience of transacting over the internet to all Issuers, Acquirers, Merchants, and UnionPay cardholders in a simple and secure way, opening the way for holders of more than 5 billion UnionPay cards to shop online.
Latitude 19 Technology CEO & founder, Timothy Moore said UnionPay registration is an important milestone in the company’s strategy to become the leading global offshore payment gateway.
The deal makes Latitude19 the first provider for UnionPay in the Caribbean and Latin America.
“Our partnership with the world’s largest card association, will fast track our growth and provide valuable solutions for our clients.”
Latitude19 Technology’s UnionPay International credit card issuing program is based on a globally recognised platform that has been designed to rapidly launch and deploy new programs or expand existing programs in real-time versus taking months with other legacy platforms. It supports debit, credit, or emerging payment programs in plastic, virtual, or mobile form.
Latitude19 Technology is a Cayman Islands-based secure, international, online payment gateway that offers competitively priced, custom credit card payment solutions for eCommerce merchants.
Questions & Answers
Q.What is the primary function of Latitude19 Technology’s internet payment gateway now that it is registered with UnionPay Online Payment?
What is the primary function of Latitude19 Technology’s internet payment gateway now that it is registered with UnionPay Online Payment?
The payment gateway now allows UnionPay cards to be accepted for eCommerce transactions over the internet. This includes real-time transaction authorisation, making online shopping convenient and secure for cardholders, merchants, issuers, and acquirers.
Q.What strategic importance does this UnionPay registration hold for Latitude19 Technology?
What strategic importance does this UnionPay registration hold for Latitude19 Technology?
UnionPay registration is seen as a key milestone in the company’s strategy to become the leading global offshore payment gateway. It also positions Latitude19 as the first provider for UnionPay in the Caribbean and Latin America.
Q.How does Latitude19 Technology's credit card issuing program compare to older platforms?
How does Latitude19 Technology's credit card issuing program compare to older platforms?
Their program uses a globally recognised platform designed to rapidly launch and deploy new programs or expand existing ones in real-time. This is contrasted with legacy platforms, which often take months to achieve the same results.
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