PayX Newsletter –    Payments Infrastructure

PayX Newsletter – Payments Infrastructure

Bank of Cyprus commits to higher payments standards with HPS’ PowerCARD solution

HPS, the leading multinational provider of payment solutions, today announced that Bank of Cyprus, the largest banking and financial services group in Cyprus, completed the migration to HPS’ PowerCARD solution to replace its legacy systems. After having successfully migrated its Switch from Base24 to PowerCARD-Switch, Bank of Cyprus completed the migration of its Card Management System from Bevertec to PowerCARD-Issuer.

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Techcombank and Compass Plus celebrate 15 year milestone in banking partnership

Since issuing the first Visa card 15 years ago using solutions provided by trusted partner Compass Plus, Techcombank, one of the top commercial joint stock banks in Vietnam, has become the country’s market leader for Visa payments volume and has received numerous prestigious awards from the international payment network.

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BPC releases SME marketplace pilot results

BPC, the leading provider of digital payment solutions, shares pilot phase results from its new digital platform Safal Fasal, an SME Marketplace for small and marginal farmers in India. Through access to Farmers Producers Organisations (FPO), Safal Fasal has helped 75,000 Indian farmers access instant payment for the first time and increase their income. Crucially, it supports COVID-19-hit farmers to help the food and supply chain rolling, during and after the lockdown phase.

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Ria Money Transfer Launches its Money Transfer App Across Europe

Ria Money Transfer, a global leader in the money transfer industry and subsidiary of Euronet Worldwide Inc. announced the release of its Ria Money Transfer App for the European market with plans to launch in 13 countries initially. Ria’s digital footprint also includes the largest bank deposit network in the world with access to over three billion bank accounts.

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Lusis sets to expand its presence in Mexico and select countries of Latin America

Lusis Payments, leading global innovator of mission-critical payments software and data science technology, is pleased to announce the newest addition to its sales executive team, Mercedes Fabila. Fabila joins the company as the Director of Sales, Mexico and Latin America.

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OpenWay’s Digital Tipping Solution Helps Acquirers Target the Service Sector

Service workers can receive cashless tips directly to their card account, thanks to a new feature of the Way4 Tip Payments solution by OpenWay. Acquirers on OpenWay’s Way4 platform can introduce Way4 Tips Payments to restaurants, delivery services, taxis, hotels, and beauty salons – any service sector merchants whose customers often leave tips.

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Pay by Bank Account? Worldpay from FIS Enables Instant Payments from Your Bank Account through Open Banking Hub

FIS®, a global leader in merchant and financial services technology, today announced Open Banking Hub, an innovative new payment solution for its Worldpay merchant clients and their consumers. Merchants who enable this digital bank account payment method in their online stores can allow their consumers to pay for purchases directly from their bank account, while also allowing consumers to view their bank account balance in real time during the checkout process. Because the new solution routes users directly to their personal bank to authorize payment, they never have to enter card or account information into a third-party site

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Financial Institutions Can Connect with Consumers via Conversational Banking Capability from Fiserv

Financial institutions can engage consumers in new ways with a just-launched conversational banking capability from Fiserv, Inc.This solution speaks to the way people want to interact today, relying on natural language to enable a range of digital banking experiences. Virtual Banking Assistant from Fiserv, which incorporates ground-breaking conversational AI technology from Clinc, enables banks and credit unions to have more effective online conversations with their customers, a complementary alternative to face-to-face customer interactions and a key component of a holistic customer experience.

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ACI Worldwide to Deliver Fraud Prevention in the Cloud to All Customers Globally

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that ACI Proactive Risk Manager and ACI Model Generator, part of ACI’s Payments Risk Management solution, can now be deployed in a private or public cloud environment by all existing customers globally. The move comes in response to the changing fraud landscape, which has further accelerated during the current Covid-19 pandemic, increasing pressure on financial institutions to adapt quickly, maximize operational efficiencies and mitigate increased risks.

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OmniPayments accelerates & saves customer the costs of Plastic Card Production

Following recent development of key functionality, OmniPayments announces the successful customer implementation of Virtual Card Issuing capability deployed on the OmniCloudX private cloud provision. This function enables the client to issue secure Device Account Numbers to phones and to issue temporary card numbers for e-commerce use without the need to issue physical plastic. This functionality complements existing Card Management System functionality from OmniPayments.

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