Two more leading educational institutions in Sri Lanka have appointed the Commercial Bank of Ceylon as their Internet Payment Gateway (IPG) service provider, enabling both foreign and local students to securely pay their fees online via the respective websites of the institutions.
The latest institutions to link with bank’s IPG service are Wisdom Business Academy, the popular CIMA education facility in the country, and Asian International Academy (AIA) Holdings, also known as one of the most innovative educational institutions in Sri Lanka.
The IPG service for these two institutions will cover the authorisation of Credit and Debit cards, and processing of direct payments through Visa, Mastercard and UnionPay branded cards, the bank said in a media release.
The online payment processing of the web portals of both academies will be facilitated by Commercial Bank and provided through Mastercard Payment Gateway Services (MPGS) which is fully-compliant with Payment Card Industry Data Security Standard (PCI-DSS) requirements. It is a secure e-commerce solution as merchants are provided with ‘server-hosted pages’ whereby card details are processed on the Payment Server securely and not at the merchant's end.
Commercial Bank’s IPG solution provides access to a comprehensive set of fraud mitigation tools, supporting both ‘Mastercard Secure Code’ and ‘Verified by Visa’ 3D secure authentication solutions while having the fully automated process to handle ComBank Easy Payment Plans (EPP), enabling card-on-file transactions through tokenisation, keeping the purchasers’ sensitive card details away from the merchant’s systems. It provides integration options to systems on multiple languages such as PHP, Java and C Sharp and supports device-optimised payment screens which are designed to offer a seamless experience to users of various devices.
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