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eCorner Business SolutionseCommerce NewsCommonwealth Bank Confirms Hosted eCommerce

Commonwealth Bank Confirms Hosted eCommerce

CBA confirms hosted e-commerce credentials

By Staff writers
Apr 28, 2009 3:52 PM

The Commonwealth Bank has entered the e-commerce space with a hosted online shopping platform after successfully piloting the technology in February.

The platform, called iShop, bundles CBA's eVolve payment gateway with a suite of internally-developed software that enables customers to set up a customisable online shop front.

CBA will host the service internally, according to general manager of merchant services, Dominic White.

Credit card numbers are held securely by the bank, he said.

"The temptation for financial institutions tends to be to white label existing [e-commerce] packages from various service providers," White said.

"Commonwealth Bank eVolve moves away from this model.

"We have listened to what our customers have told us is important to them, and following a successful pilot with a group of the Bank's business customers in February 2009, we believe the functionality of Commonwealth Bank eVolve meets these needs."

Read more at www.itnew.com.au.....

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