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So far Webmaster has created 20 blog entries.

Upcoming Webinar: 3 Ways to Improve Early Warning Fraud Detection at the ATM

Join Stanchion & INETCO on November 28th at 4pm SAST/ 9am EST Are you ready to combat the next generation of advanced persistent threats? Following a major data security breach, one of the largest financial services groups in Africa asked for help in architecting and implementing a stronger first line of defense against fraud at ATMs. They required a reliable early warning system that could act as a safety net, providing immediate alerts of irregular transactions that were bypassing the usual authentication and fraud detection methods in payments systems. Learn how an early warning fraud solution can help. Join Stanchion [...]

2017-11-21T13:16:17+00:00 November 16th, 2017|Categories: News|Tags: , , |

Stanchion Innovates to boost Ficanex Fintech offerings

Stanchion, a leading global Fintech solutions company, has been selected to develop and implement a new Fintech aggregation platform for The Ficanex Group, in Canada. Ficanex, formed as a partnership in 2000 between a group of credit unions and banks, is the operator of The EXCHANGE® ATM Network in Canada. The EXCHANGE Network is a shared services network that permits surcharge-free cash withdrawals, PIN changes, and inter-institutional deposits at ATMs across the country. It provides services to over 170 financial institutions, and over 5.5 million cardholders, across a network of over 3,300 ATMs nationwide. Ficanex’s main objective is to build a [...]

2017-10-16T07:24:49+00:00 September 11th, 2017|Categories: News|Tags: , , , |

Early Detection Fraud Solution In Action – A Whitepaper

Following a major data security breach, one of the largest financial services groups in Africa asked Stanchion for help in architecting and implementing a first line of defence against fraud at ATMs. It took us just six weeks to roll out a solution that protects the group through early detection of irregular transactions that evade industry standard transaction authentication and fraud detection methods.   TODAY’S THREATS DEMAND A MORE PROACTIVE APPROACH TO PAYMENTS SECURITY Any security breach in a financial institution’s payments environment—no matter the scale—represents a massive business risk. Proactive monitoring and management of financial transactions significantly reduces this [...]

2017-10-16T15:49:11+00:00 July 29th, 2017|Categories: News|Tags: , , , |

Stanchion Expands Into Asia-Pacific Region

Stanchion, a leading FinTech solutions company, has expanded into the Asia-Pacific region (APAC). Stanchion has opened its APAC head-office in Melbourne; this strategic geographical move will enable Stanchion to now have a truly global footprint. Stanchion develops and delivers FinTech solutions that consistently deliver high performance and total systems integrity across complex payment environments and enhances their capability. “APAC is a progressive market when it comes to electronic payments,” says Stanchion CEO Graham Williams. “We are excited to bring our market leading solutions to this region at a time when the market and the region are undergoing significant financial services [...]

2017-10-16T09:05:15+00:00 March 13th, 2017|Categories: News|Tags: , , , |

Transaction monitoring – who is watching the watchers?

Finding out how to monitor active/active environments without letting the tech get in the way Steve Kirrage, Director of Stanchion Payment Solutions, Middle East. Ask any financial IT operations team what their number one headache is, and the answer is likely to be unplanned downtime. Reducing downtime is easily a top priority for IT professionals working for banks, card services and payment processing companies, where any lag or downtime within the payments processing system is unacceptable. The challenge is that payment systems are getting more complex, rather than simpler which means ensuring large credit card and debit transactions are processed, [...]

2017-10-16T09:03:58+00:00 October 22nd, 2015|Categories: News|Tags: , , , , |

Postilion Office v5 – what to consider

ACI Worldwide released a significant upgrade to their Postilion Office in July this year. Our tech team investigated it and here are their headline thoughts. Performance is up Firstly, it’s a big upgrade so it comes with some significant improvements, but these come with the need for no less significant infrastructure upgrades. But before you think about the potential costs, let’s look at the ultimate benefit: performance. With massive payments environments such as retail banking or large retailers, there is always so much backlog that it can be almost impossible to find time to run a new process, conduct routine [...]

2017-10-16T09:08:18+00:00 October 22nd, 2015|Categories: News|Tags: , |

From where I sit…

Graham Williams’ view of the world of payments Since winning our first piece of business in the United States in August, Stanchion now operates across four incredibly diverse markets – the Americas, Africa, Europe, APAC and the Middle East. The trends and challenges faced by aggregators, banks and retailers across these markets look different at first, but dig a bit and you find they are remarkably similar. One common factor is that disruption is primarily forced by outside influences, such as changes in government, industry and card association regulations as seen with EMV migration in the US, the move to [...]

2017-10-16T13:48:05+00:00 October 22nd, 2015|Categories: News|Tags: , |

Proxama and Stanchion join forces allowing card issuers to plug-and-play new mobile services

Partnership sees combination of mobile payments and proximity marketing solutions with integration expertise London, UK, 9th September 2015: Proxama PLC (AIM: PROX), the international mobile commerce company specialising in proximity marketing and provider of end-to-end payment solutions for card issuers, and Stanchion Payment Solutions, the international payment solutions  experts today announced a partnership and international reseller agreement. The agreement will offer card issuers and processors the opportunity to design and deliver new services to meet the growing needs of their customers for sophisticated payment solutions. As a result of the partnership, Stanchion will resell Proxama solutions for NFC Mobile Payments, [...]

2017-10-16T13:44:18+00:00 September 9th, 2015|Categories: News|Tags: , , |

Operational Management in the Payments Industry

From fighting fires to optimising service delivery - Under pressure from new regulations, growing customer demands, and imperatives to reduce costs, payment companies face the challenge of streamlining operational management. It’s no longer enough for their IT and operations teams to respond quickly to problems and issues - they also need to drive continuous improvement of operational environments. To get this right, operational management solutions must enable teams to efficiently coordinate their efforts. By introducing a structured framework, the IT and operations team can bring increased discipline to the management of complex service level agreements. An effective operational management platform [...]

2017-10-16T13:53:24+00:00 September 4th, 2015|Categories: White Paper|Tags: , |

Monitoring your Active/Active payments environment

You are an IT operations person working for a major bank, card service or payment processing company. Any lag or downtime within your payment processing system is unacceptable, so you go through great lengths to install an active/active environment to re-route transactions should a bottleneck or failed switch occur in your payments environment. You have now solved the problem of controlling unplanned downtime, right?  Sort of… Sometimes in the process of solving one problem, we inadvertently create new ones. In the scenario we have just walked through, it is safe to say you have eliminated potential bottlenecks and downtime issues due to [...]

2017-10-16T16:03:40+00:00 July 13th, 2015|Categories: White Paper|Tags: , |