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DG Financial Technology Provides Credit Card Payment Service for “Great Sign,” a Cloud-based Electronic Contracts Service
Supporting the Completion of Online Post-contracts Billing and Payment Procedures
DG Financial Technology, Inc. (HQ: Tokyo; Representative Director, President and Co-COO: Hiroshi Shino; DGFT), a payment service provider and subsidiary of Digital Garage, Inc. (TSE first section: 4819; HQ: Tokyo; Representative Director, President Executive Officer and Group CEO: Kaoru Hayashi; DG) provides the credit card payment service to TREASURY Inc. (Shibuya-ku, Tokyo; CEO: Seiji Yamashita; Treasury), a provider of the “Great Sign” cloud-based electronic contracts service, for “Great Sign Payment,” which will launch on December 15, 2021. DG and DGFT will strengthen their collaboration with legal tech services to promote DX in Japan, in line with the DG Group strategy, “DG FinTech Shift.”
“Great Sign” cloud-based electronic contracts service
“Great Sign” is a cloud-based electronic contracts service that allows users to easily conclude contracts online. This service enables users to perform the complicated tasks associated with contracts and their management, previously achieved in Japan using paper and seal impressions, using an online admin page. This reduces the cost, response time, and storage space required for contracts, enabling businesses to improve their operational efficiency. “Great Sign” is in compliance with the Electronic Signatures Act, the Electronic Document Preservation Act, and the proposed e-Document Act, and has been certified by the Ministry of Justice as an electronic signature service that can be used for commercial registrations.
About “Great Sign Payment”
Conventionally, invoicing procedures associated with electronic contracts have required separate invoicing and payment management. There are also risks such as demands in the event of late payment and inability to collect accounts receivable. Using “Great Sign Payment,” “Great Sign” users can streamline their work processes by seamlessly completing invoicing procedures online after a contract is concluded. “Great Sign Payment” enables “Great Sign” users to complete the invoicing process simply by adding payment information such as payment amount and invoice timing when a contract is sent. In addition, since the credit card company handles the collection of accounts receivable, the risk of uncollected payments can be avoided.
With “Great Sign Payment,” contract recipients can complete the process by simply entering their payment information after signing the contract. There’s no need to transfer money via financial institutions, improving the convenience of payment.
“Great Sign Payment” also has a recurring billing function as an optional feature of the credit card payment service. This function is capable of handling recurring billing such as monthly service fees and monthly advisory fees, thus improving the efficiency of monthly billing operations.
“VeriTrans4G” credit card payment service
“VeriTrans4G” is a next-generation comprehensive payment solution compatible with the largest number of payment methods in the industry, including not only basic payment methods using credit cards, convenience stores, and banks, but also e-money, carrier payments, various ID-based payment methods such as PayPay, as well as international payment methods such as UnionPay, Alipay, and PayPal.
Based on a system with Japan’s highest level of security, and fully compatible with non-retention of card information, the “VeriTrans4G” credit card payment service provides basic functions such as recurring billing and card information update functions, as well as various security options to prevent fraudulent use provided as standard.
Future development
With the rise of remote working among companies and the development of laws related to electronic contracts and digital signatures, electronic contracts are rapidly becoming widespread. Starting with this collaboration, DGFT and Treasury will continue to support businesses that use “Great Sign” to improve convenience and operational efficiency.
DG has been engaged in developing legal tech-related services, such as the “Musubell” electronic real estate contracts system. In the future, through DGFT, we will continue to promote digital transformation (DX) of contracts and billing operations by strengthening our ties with various electronic contracts services. The DG Group is also promoting the “DG FinTech Shift,” a group strategy that integrates payments and data. With DGFT, which is active in the payments industry, at the core, DG will continue contributing to sustainable social development by creating next generation DX business not only with the Group but also with strategic partners in various field.
【About DG Financial Technology】
https://www.dgft.jp/
DGFT is a payment service provider offering comprehensive payment services to online business operators, including E-Commerce, as well as stores and other face-to-face business operators. As a member of the DG Group, it provides support in the payment and financial fields for cashless payments and DX by business operators. VeriTrans Inc. was renamed to “DG Financial Technology, Inc. (DGFT)” in April 2021. DGFT will continue contributing to the sustainable growth of society through its infrastructure businesses that are useful to society, by providing highly convenient functions and services to participating merchants and consumers (who are the end users), as well as reliable, safe, and pleasant payment experiences.