eCommerce the online bankcard acceptance service

eCommerce – the online bankcard acceptance service

Electronic commerce has created new market opportunities in the world of retail, as it virtually does away with all limitations of space and time. Customers can now shop whenever and wherever they want, saving them both time and money. And retailers can save on the costs of maintaining business premises and offices, which in turn enables them to gain a significant competitive advantage by reducing their prices.

Discover more!

What is the eCommerce service?

The eCommerce service involves the provision of an online bank-card payment facility for companies that would like to conduct trading activities over the internet. CIB Bank provides the means for the flow of cash online between the customer and the merchant, and ensures that the transaction is securely executed.

Benefits of bank-card payment for the merchant

Immediate, real-time confirmation of transactions
Financial events are easier to plan for
Electronically traceable payments
Online services immediately usable following online payment
Excellent marketing opportunity

Features of the service

Forint and euro-based payment and settlement
Business consulting in relation to the launch of the service, and 24-hour technical support
Multilingual, user-friendly bank payment page (currently available languages: Hungarian, English, German, French, Spanish, Italian, Portuguese, Czech, Polish, Romanian and Slovakian)
Secure transactions (the card data can be entered on the bank’s payment page encrypted using a 128-bit SSL procedure)
Transaction-related functions (refund and partial refund functionality)
Electronic statement of merchant settlements in the Business Terminal program

Accepted bank cards

Our bank’s online payment system settles transactions performed by bank cards belonging to the MasterCard and Visa product families. Of the various bank cards suitable for making purchases, the following can be used for initiating transactions:

MasterCard
Maestro
VISA
VISA Electron, though using it online is subject to approval by the card-issuing bank. The card-issuing bank decides whether to allow the use of the card in “card not present” (CNP) transactions.
Internet cards (web cards), e.g. CIB Internet Card

More information

Security

In webstores that use the secure bank card payment system provided by CIB Bank, transactions are implemented in three steps (webstore-customer-bank). The security is based on the separation of the data to be supplied by the customer. The characteristics of the process is that each transaction is initiated by the customer on the webshops’s page, where the customer provides the information related to the order, while the card data required for payment is provided exclusively on the bank’s secure payment page that has 128-bit SSL encryption, certified by VeriSign. The merchant does not have access to the data content of the bank’s payment page, as this is an independent and protected internet page. After the payment transaction is completed, the customer is returned to the merchant’s website, where the merchant displays the outcome of the purchase transaction. In the course of payment based on the three-party procedure, each time the customer is directed to the bank’s payment page, the webstore cannot automatically debit the customer’s card.

How can the contract be concluded?

The contracts that must be signed in order to use the eCommerce service may be concluded at any of the bank’s branches.

A precondition for the use of the service is that you have a current account kept in forint at our bank.
Merchant clients must have a company history of at least three months, and an active account management history with any hungarian bank of at least three months.
To apply for the service, please complete the application form and submit it at any of our branches or via the internet to efizetes@cib.hu.
Card Acceptor Agreement: a contract to be concluded with corporate clients that conduct sales activities over the net.
If the application is accepted by the bank, the customer relationship officer will contact the applicant in order to conclude the Card Acceptance Agreement.

Our development partners

Our partners

As far as CIB Bank is concerned, an operator is a legal entity, a business association without legal personality, or any other organisation that provides the technical background for the operation of the online store/webshop, enabling the merchant to sell its products or services over the internet, and ensuring the connection to CIB Bank’s card-payment system. If you would like to have the CIB Bank card-payment module developed by an external provider rather than develop it in-house, CIB Bank can recommend suppliers who can assist you in implementing the technical integration and thus provide you with a flexible and rapid connection.

Our partners:

www.transgate.hu

www.bigfish.hu/eshop
www.paymentgateway.hu

webáruház, webshop
www.webshopexperts.hu

www.netgo.hu

www.iwebshop.hu

www.hedz.hu

Installable modules:

For the osCommerce webstore:

osPayment
www.xpkiller.hu/cib_bankkartya_modul

For the VirtueMart webstore:

JoomPay
www.joompay.hu

eCommerce