MORE E-COMMERCE OPTIONS COMING FOR SMALL BUSINESSES... 1/2

Scotiabank is improving its e-commerce solutions for micro to large businesses seeking to accept online payments.

The services are being marketed as Scotia eCom+ and include a Scotia-hosted payment page (HPP), Scotia Virtual Terminal, and Scotia Web Service API (application programming interface).

These three (3) solutions will increase access to Jamaican businesses of all sizes wishing to accept e-commerce payments.

Morris Nelson, Senior Vice-President, Corporate & Commercial Banking, shared, "Scotiabank is keenly focused on providing services that help businesses grow, operate efficiently, and manage risks. Scotia eCom+ offers these solutions in support of the expansion of their customer base by providing solutions that facilitate seamless processing of payments irrespective of where customers are." These gateway payment services are controlled by Scotiabank, allowing for faster deployment and a more cost-effective, end-to-end solution for the customer.

"The Scotia Virtual Terminal option, for instance, is easy to deploy, simple to use, and cost-effective, which makes it attractive for small businesses that previously could not afford the cost of deploying eCommerce payment options in their business," Nelson continued.

Gail Whylie, Senior Manager for Global Transaction Banking, said, "Scotia eCom+ is perfect for Small & Medium-sized Enterprises (SMEs) that wish to accept payments from anywhere in the world on any device safely and reliably. Many cannot afford the expensive and technical set-up costs, so Scotia eCom+ offers convenient scalability as your business grows."

The Scotia Virtual Terminal is a secure web-based portal that can be deployed from any internet-enabled device by the business to process a payment. Payments are facilitated via a secure payment link shared with customers by email, SMS, or social media.

"This makes it extremely convenient and compatible with evolving trends in the small retailer's space. Someone with a Small Business can now market their products online and utilize Scotia Virtual Terminal Service to collect payments by sending a secure link to clients to complete payment. This will open a new sales channel and income stream for their business," Whylie highlighted.