IPSI has partnered with Mastercard to provide customers with a smart and secure way to make online payments by adopting the company’s Click to Pay solution available to merchants from the end of Q3.

Mastercard Click to Pay simplifies online transactions by removing the need for passwords at checkout and replacing sensitive payment data with encrypted tokens. The tokens can be updated with new payment details by the customer’s bank when a card is reissued after being reported lost, stolen or expired.

Easily integrated into existing ecommerce platforms, Click to Pay offers higher approval rates with online transactions, reduced fraud and cart abandonment, and in turn, increased sales.

“As enthusiasm for new payment technologies continues to grow, we are delighted to be partnering with Mastercard to launch this revolutionary, new integrated payment solution that will simplify the checkout process for customers and deliver an exceptional checkout experience for merchants and their customers,” IPSI co-founder, Eric Maya said.

“It’s more important than ever that the online checkout experience is simple, smart and secure. With Click to Pay, IPSI and its customers will leverage the very latest version of this technology, eliminating the need to manually enter card details and offering instant access to preferred cards across devices, while still applying the highest levels of security to merchants’ checkout,” Mastercard vice president and head of customer solution centre for Australasia, Surin Fernando said.