eWAY and Commbank streamline merchant payments

eWAY to become sole point of contact for online merchants setting up ecommerce services.

The eWAY online payment gateway service has signed an Australian-first deal with the Commonwealth Bank that it claims will revolutionise the way merchants set up and manage their Internet sales facilities.

Under the agreement, eWAY will become a reseller of Commonwealth Bank merchant facilities, making it the sole point of contact for Web site proprietors who wish to establish the required facilities to sell goods and services online.

The Commonwealth Bank Express Merchant Application service will remove the need for merchants to apply separately to both the banks and their payment gateway service in order to setup an online payment facility.

Instead, merchants can go to eWAY for their entire online payment package.

eWAY CEO Matt Bullock said the deal marks a change in the way Australian online merchants setup their payment facilities.

"At the moment if you have a Web site and you decide you want to take payments, you have to go to the bank and give them a whole bunch of information to get the Internet merchant facility," Bullock said.

"Then you have to come back to the payment gateway and give them a whole bunch of information, so you are doubling up with information. The bank doesn't know what is going on with the gateway, the gateway doesn't know what is going on with the bank, and the merchants end up chasing their tails trying to get it all to happen," he said.

Tony Bartlett, CEO of eWAY shopping cart partner Enotia, said that in most cases the only remaining barrier to rapid deployment of online shopping systems, especially for new and small businesses, is the red tape surrounding the merchant facility application.

Budding online merchants can now deal exclusively with eWAY, who in turn will deal with the Commonwealth Bank on their behalf.

eWAY has a similar arrangement with American Express.

"So you only give the details to us once, as opposed to giving them to us, AMEX and the Commonwealth Bank," Bullock said.

Bullock expects the deal will simplify the requirements and process small, medium and large businesses must undertake in order to setup online payment facilities.

"What it means for sales is where all those merchants drop off because it's too hard, we'll take all their details, set the merchant facility up, and hold the merchant's hand through the entire process. We expect it to dramatically increase their sales," he said.

Bullock said the service will be available from next week.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Andrew Hendry

Computerworld
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?