Transforming ecommerce with PowerBoard

Transforming ecommerce with PowerBoard

CBA launches PowerBoard, a new ecommerce solution that simplifies technology integrations to deliver merchants payment choice, efficiencies and innovations.

The role of a bank in ecommerce in Australia is changing, with the launch of CBA’s new platform PowerBoard. With this solution, selected merchants will be able to “plug in” to the platform once and deploy their ecommerce offering, gaining access to a range of payment methods which can be seamlessly switched on for their customers – all through a single platform.

To date, payments orchestration has generally only been accessible to larger business with in-house technology teams. PowerBoard will provide merchants of many sizes with payments acquiring, multi gateway capability, a menu of payment options, and an innovation roadmap that will future-proof their business and deliver technology efficiencies.

To deliver this Australian banking first, CBA has partnered with fintech and payments orchestration platform Paydock, combining global best technology with bank-grade standards to give merchants peace of mind and meet enhanced security, fraud, data and cyber standards.

Group Executive Business Banking, Mike Vacy-Lyle said CBA’s deep understanding of its business customers as well as its payments expertise means it is uniquely positioned as a bank to offer PowerBoard.

“Running an online business can be extremely time-consuming. Offering customers different payment methods and integrations traditionally requires merchants to complete multiple, complex website integrations, costing time and money. The benefit of PowerBoard for merchants is the simplicity and ease with which they can now access these services. It means they can keep up with market changes and future-proof their business while achieving technology efficiencies.”

For the full media release, please visit CBA Newsroom.