Safe and secure settlement of accounts is an essential feature for any e-commerce system.
SBI VeriTrans was established in 1997, the dawn of e-commerce.
We pioneered the use of Secure Socket Layer (SSL) technology, which is now recognized as the general way to encrypt e-commerce transactions for online settlement by credit card. In Japan, our effort to achieve a secure online settlement infrastructure triggered the rapid growth of e-commerce.
We pursue higher security and functions and lead the industry by offering services such as e-commerce sales collection services, settlement service for convenience stores, and online settlement service for mobile Suica and WAON.
As a settlement company, we promptly entered rapidly growing Chinese EC market. In January 2009, we started online settlement service using UnionPay card, which has been issued more than 2.2 billion (as of June 2010) in mainland China. Also we ourselves operate EC mall, ´Buy-J.com´targeting Chinese consumers, and conduct consulting for membership stores on development of business in Chinese EC market.
As settlement needs are changing restlessly, SBI VeriTrans will be standing by to respond flexibly and expertly to each change. As we continually improve our technology and services, we look forward to providing businesses with high quality and innovative settlement solutions in the future.
