Blog

Phos and Stanchion collaborate to connect European merchants to a contactless digital payment ecosystem via their existing Android mobile devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the region as they reopen and recover

London, United Kingdom, 16th September, 2020: Phos, the fintech behind the first-ever software-only Point of Sale (SoftPoS), and Stanchion Payment Solutions, a global specialist in payments systems and integration, have today announced a partnership to enable payment processors and banks to accelerate the time to market of innovative contactless payments acceptance solutions for European merchants.

Phos and Stanchion will collaborate to help banks and payments companies empower merchants to meet customers’ demands for a wide range of secure, frictionless […]

Sep 16th, 2020|

Stanchion hires Dr Paul Avrahami as Country Executive to lead its market development activities in Payments in Israel

TEL AVIV, Israel, 7 September 2020 — Stanchion, a global payments solutions provider, announces that it has hired Dr Paul Avrahami as its country executive to lead its market and business development activities in Israel.

Stanchion has been operating in Israel, with clients in the banking, financial services and payments space for eight years. Recently, the country has gone through an exciting transformation in financial services with the adoption of EMV Payment Standards, the planned introduction of Open Banking regulations as well as digital banking and the payments wallets that are seeing rapid and dynamic growth in local opportunities.

By hiring Dr […]

Sep 7th, 2020|

Neverfail and Stanchion have reached a Partnership Agreement for Neverfail Continuity Engine in support of a Mission Critical Banking Application

AUSTIN, TX USA – August 28, 2020 – Neverfail and Stanchion have reached a partnership agreement for sales and services of Neverfail Continuity Engine.

With business continuity and disaster recovery playing a key role in the survival of any business; it’s essential to have a proven, world-class protection technology to ensure continued operation of the most critical IT systems. Neverfail Continuity Engine provides continuous availability powered by application-aware failover and its recovery orchestration process that already protects tens of thousands of application servers worldwide. This ensures when something interrupts the delivery of the business service, Neverfail Continuity Engine is there to […]

Sep 3rd, 2020|

First Successful ARX Migration in Israel Uses Futurex HSMs for Secure Payment Environments

TEL AVIV, Israel, 19 August, 2020Futurex, Stanchion, and Credics Technologies Ltd are working together to support financial institutions in Israel to manage data encryption for their operations, including those that are migrating from the ARX hardware security modules (HSMs) to modern platforms. Together, they have invested in the development of a fully compatible and compliant HSM solution to distribute and support Futurex’s HSM solutions.

Futurex announced it has deployed its Excrypt Plus HSM in Israel, where customers have successfully used system integration services from […]

Aug 19th, 2020|

Protect Yourself Against “Cyber-Covid#19” Attacks

Cybersecurity threats are continually rising. The recent pandemic caused by Covid-19 has further accelerated the opportunity for criminals to hunt for weaknesses and commercial opportunity. In March 2020, numerous experts reported a 1,500% year on year increase in the threat attack landscape. Payment with supporting Customer Data, along with HealthCare Data, remain the two top priorities for criminals to exploit for commercial gain.

Stanchion, working with SwissWebAcademy, BlockAPT and the United Nations CyberSecurity team, are delighted to bring you the English language version of this special edition 78-page CyberSecurity Trends, which you can download a free copy of here.

CyberSecurity Trends is […]

May 20th, 2020|

Stanchion Payment Solutions appoints Kevin Blackwell as MD for the Middle East

Stanchion Payment Solutions, a global specialist in payments systems and integration, has appointed Kevin Blackwell as its new managing director for the Middle East. Kevin replaces Steven Kirrage, who was appointed as Stanchion’s global CEO in March this year.

Based in Dubai, Kevin will lead Stanchion’s growth in the strategically important Middle East territory. He joined Stanchion in 2017 as Business Development Director and has a deep understanding of the payments industry and the Middle East region. Before joining Stanchion, Kevin was programme director at Ericsson in Dubai.

Kirrage says: “Kevin has deep insight into our customers’ businesses, the Middle East region […]

May 7th, 2020|

Steven Kirrage appointed as CEO at Stanchion Payment Solutions

Stanchion Payment Solutions, a global specialist in payments systems and integration, has announced that it has appointed Steven Kirrage as its global CEO with effect from the 16th March 2020. Graham Williams, the outgoing CEO, will assume the position of Chairman and will continue to provide strategic guidance to the board.

Based in Dubai, Kirrage is currently a director at Stanchion. He has been with the company for more than seven years and has three decades of retail and payments industry experience. Before joining Stanchion, Kirrage held the positions of Divisional General Manager – Middle East & India and Sales Manager […]

Apr 8th, 2020|

How the Chinese Tourism Boom Will Change Payments, Creating Winners and Losers

Whilst the biggest world travellers in volume are still Europeans, the emerging markets led by China are spearheading a new long-term trend in travel, and the numbers are big.

For 2017, the United Nations World Travel Organisation (UNWTO) recorded 1.3 billion tourist arrivals globally, of which 75% were holiday travellers and 25% for business. The 7% increase from 2016 was the highest annual growth since 2010. Tourists spent US$1.3 trillion, representing an average of US$1,000 per head making it one of the largest retail categories.

Download our white paper: “How the Chinese Tourism Boom Will Change Payments, Creating Winners and Losers”. […]

Jul 22nd, 2019|

How to Stay Better Protected Against Payment Security Hacks

A breach is expensive. Averages suggest the cost represents 10% of your annual revenue with the average reported breach now costing US$1.6m (source: Radware) and rising fast. Add to this any regulatory fines, lost time, brand impact, lost customers and headache. The impact can run from a week to a couple of months, event dependent.

Your annual budget will be impacted, enterprises pay an average of US$200k to external parties to troubleshoot the crisis and your life in the boardroom will be forever changed. A lack of visibility will no longer be tolerated as an acceptable response.

Both the UK National Cyber […]

Jul 21st, 2019|

Stanchion Appoints Norman Frankel as MD for Europe

Stanchion, a leading payments fintech solutions company, has appointed Norman Frankel, as Managing Director for Europe and the UK bringing significant payment industry experience with him. Frankel, who will be based in the UK office, will help Stanchion to unlock growth opportunities across the region and to refine its offering for the European market.

Frankel has more than 25 years of experience in the payments industry, with deep expertise in digital and Customer-Not-Present (CNP) channels. As the founder and CEO of Mi-Pay, Frankel led a successful prepay CNP business to a listing on the London AIM Stock Exchange and to joining […]

Apr 9th, 2019|

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, without a hitch, […]

Apr 10th, 2018|