Burbank Partners with jPOS to Enable CPoI for the World’s Financial Institutions and Payment Providers

Burbank has today announced a major strategic partnership with global payments technology provider Transactility (creators of jPOS) to accelerate the adoption of Card Present over Internet (CPoI) across the banking sector. The partnership will make CPoI globally available to banks and PSPs, including many of the world’s top financial institutions and fintechs.

The agreement will empower financial institutions and payment providers to better serve their merchant customers by making secure, fraud-resistant payment technology quickly and easily accessible globally. 

CPoI enables card-present payments to be accepted in digital environments, tackling a critical challenge in modern payments: reducing fraud and chargebacks and eliminating false positives without compromising the customer experience. With these benefits, merchants can expect to see revenue increases of up to 7%. Furthermore, transitioning card-not-present businesses to the gold standard of card-present transactions will support greater confidence for businesses and consumers across the entire payments chain.

“CPoI is now within reach for nearly every major financial institution in the world,” said Justin Pike, Founder and CEO of Burbank. “This partnership with jPOS marks a major step forward in our mission to help financial institutions, payment providers and merchants access secure, reliable, and revenue-driving technology without the complexity. What makes CPoI so powerful is that it delivers genuine innovation using the systems and processes banks already have in place. There’s no need for consumer re-education or infrastructure changes. It’s a simple, secure, and scalable way to enable the security of card-present payments in digital channels.”

Alejandro Revilla at Transactility, added:

“We’re excited that jPOS customers around the world can now seamlessly activate CPoI through this new partnership with Burbank. Through this partnership, jPOS customers will gain access to CPoI integration capabilities, enabling financial institutions and merchants to adopt the technology efficiently - and it gives merchants and financial institutions the confidence they need to eliminate fraud and grow faster.”