foresight

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+00:00September 11th, 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+00:00March 13th, 2017|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+00:00October 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+00:00October 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+00:00September 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+00:00September 4th, 2015|Categories: White Paper|Tags: , |

Outsourcing payment gateway allows company focus on core business

Traditionally, retailers and service providers have managed their own payment systems, accepting the associated resource and skills headaches as part of the territory. However, in-house management of payment switches is not always the best or most profitable route, as they cannot be assured of optimal system performance. While payment gateways keep retailers and banks in business, they are often not managed in a way that delivers optimal performance. When managed in-house, the system tends to be managed reactively rather than proactively and is heavily reliant on a limited pool of skilled resources. These are specialist skills and they are in [...]

2017-10-16T16:31:20+00:00July 28th, 2014|Categories: News|Tags: , |

A payments perspective on the Nigerian economic boom

With Nigeria having recently eclipsed South Africa as the continent’s biggest economy, it is worth taking a look the nation’s progress from the perspective of a service which is indispensable to the modern way of life – electronic payments. And electronic payments, in turn, depend on suitable telecommunications and banking infrastructure. The pace of change in Nigeria is remarkable and, having been in the country for frequent periods around the early 2000s as part of the birth of the modern payments industry in that country, change is nowhere more noticeable than in the retail banking sector. Having recently returned there [...]

2017-10-16T16:33:48+00:00June 20th, 2014|Categories: News|Tags: |

Mobile payments: BLE, NFC now HCE… OMG!

For at least the last 5 years, it’s been the year that mobile payments are going to take off – and this year is no different. As of late last year, what started as whispers from PayPal soon became a rallying call from the likes of Apple for a new technology called ‘Bluetooth Low Energy’ or BLE. It’s got everyone in retail excited all over again about mobile, even though it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact and not just how they [...]

2017-10-16T16:37:45+00:00June 1st, 2014|Categories: News|Tags: |

Mobile payments: BLE vs NFC isn’t a fair fight

There’s a new kid on the block in the payments environment that promises to deliver even greater convenience and practicality. It’s called ‘Bluetooth Low Energy’, or BLE, and it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact – but only if they have the latest smartphones and retailers have tablets as point-of-sale systems. Despite the fact that BLE opens up a whole new world of exciting possibilities, it is also highly unlikely to have any sort of widespread use any time soon; instead, it [...]

2017-10-16T16:45:41+00:00March 12th, 2014|Categories: News|Tags: |