ComBank’s IPG to power ICBT Campus’ online multi-currency payments

ICBT, one of the leading tertiary education providers in Sri Lanka, has appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider, enabling the institution’s website to accept multi-currency online payments from both local and foreign students.

The service 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 Campus’ web portal will be facilitated by Commercial Bank 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 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 a fully automated process to handle ComBank Easy Payment Plans (EPP) and enabling card-on-file transactions through tokenisation, keeping the purchasers’ sensitive card details away from the relevant 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, the release said.

The bank has also installed point-of-sale (POS) terminals at the ICBT Campus premises, enabling parents or students use their Visa, Mastercard or UnionPay Credit Cards on the terminals and carry out their payments.