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Barclaycard SmartPay, a cross-border payment processing system for e-commerce customers, has been launched.

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The new service provides large companies in Europe with a single system for taking and processing customer payments from other countries.

It also enables them to expand into new markets by accepting payments in up to 50 currencies through a variety of methods, such as PayPal and cards like Visa and MasterCard.

In addition, Barclaycard SmartPay customers will benefit from improved fraud protection and customisable, multilingual payment pages.

The system is designed to appeal to online retailers and businesses which have customers across the European market.

Barclaycard Global Payment Acceptance provides services to 87,000 retailers and is one of the largest processors of debit and credit card transactions in the UK.

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