Stanchion Payments 2023 Workshop – Poland

Stanchion Payments is pleased to announce its specialist Digital Transformation in Payments event with a focus on the Polish Payments Industry. Already an established provider to customers in Poland, Stanchion is hosting this event in a cinematic setting within the Polish Vodka Museum (Muzeum Polskiej Wódki). The formal presentations and discussion will be followed by a tour of the museum together with a tasting of different vodkas and a selection of light snacks to accompany. We look forward to meeting new faces and existing customers alike. EVENT DETAILS Venue: Muzeum Polskiej Wódki, Warsaw, Poland Date: Thursday, 20 April 2023 Time: 14h00 and 17h00 (CET) Discussion Panel with a wide range of presenters and topics Networking and Food, Including a museum tour and vodka tasting Act fast to secure your spot at the event, as spots are limited to just 40. RSVP: by April 10, 2023, Right of admission reserved. Register Here [...]

Jan 30th, 2023|News|

Empowering account holders by giving them control of their payments

Over the past three years, we’ve seen payments innovation move at a blistering pace. Accelerated digitalisation during the pandemic boosted the adoption of digital and contactless payments around the globe. But we’re just at the start of a shift in payments that will ultimately give consumers the ability to pay anywhere, anytime and anyhow. Though it’s too early to say that cash is an endangered species, the stage is set for even more rapid adoption of new payments choices over the next decade. PwC and Strategy forecast that global cashless payment volumes will increase by more than 80% from 2020 to 2025 from 1 trillion transactions to almost 1.9 trillion and almost triple that by 2030. We had the rapid adoption of digital wallets, NFC and QR code payments during lockdowns, but that was just the beginning. Alternative payment methods such as cryptocurrency, QR code-based wallets and account to account [...]

Dec 13th, 2022|News|

Why all financial institutions should embrace change and manage their payments mediation

While the COVID-19 pandemic forced financial institutions to undergo rapid digital transformation, they must not be lulled into a false sense of security, thinking that the rate of change is going to slow down. In fact, it is just the opposite – the era of digital transformation is only just beginning to gain momentum. To remain relevant, banks and financial institutions will need to shift their focus from product to servicing customer needs and delivering a seamless customer journey. McKinsey and Company highlights this in its Global Annual Banking Review, titled The Great Divergence, which focuses on the changes brought about by the pandemic and how banks urgently need to deploy a future-proof business model to enjoy growth and prosperity. Keeping up with change “Companies like Amazon, Apple, Google, Netflix and Spotify have taken existing services and transformed them into digital experiences that are now embedded in customers’ daily lives. [...]

Oct 28th, 2022|News|

How advanced automated operational risk management can protect your Payments Switch environment

With the rapid rise in digitisation, real-time payments environments have become increasingly complex and can be difficult to manage on a day-to-day basis because of the significant amount of monitoring data they produce. This means constant attention is needed to deliver the required level of service. While the need for automation is well understood and there is a proliferation of tools available to assist with the process, organisations still face many challenges. This is largely because monitoring and operation management automation are reactive in nature and focused primarily on identifying problems once they exist, rather than preventing them. They are typically monitored by a network operations centre (NOC) that specialises in infrastructure as opposed to the payment systems that run on those systems. For example, all payments systems monitor transaction volumes, response times, response codes, settlement processes and a long list of other obvious (and necessary) data points. However, that [...]

Oct 24th, 2022|News|

Stanchion appoints new non-executive director

Sandy Baker brings a wealth of experience in financial services, fintech, biotech and impact investing in emerging markets. Stanchion Payment Solutions, a leading provider of global payment application solutions and services, is pleased to announce the appointment of Sandy Baker as an independent non-executive director of the company. Sandy brings significant gravitas to the board of Stanchion, thanks to her more than 30 years’ experience in finance, corporate finance and governance in the fintech, biotech and impact investing sectors. Sandy also has more than a decade of experience as an executive and non-executive director, sitting on numerous boards. “Sandy’s skillset and expertise will add significant value and diversity to our board, and we are delighted to welcome her,” says Stanchion CEO Steve Kirrage. “Sandy’s insights from her impressive executive career together with her significant experience gained on the board of numerous companies will help Stanchion continue with its proven strategy [...]

Jul 19th, 2022|News|

Major Israeli Bank Turns to Stanchion for Secure Payment Environments and HSM Migrations

Stanchion Payment Solutions has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware security modules (HSMs) to Futurex HSMs. HSMs power the bank’s secure payments environments such as managing the cryptographic key exchange for the bank’s ATM and kiosk networks. In addition to the core HSM replacement, the bank invested in remote touch devices that allow for secure remote management of the hardware, reducing the number of visits needed to secure data centre locations in-person. ARX had a successful market share in Israel of HSMs and had announced that it was ending support and maintenance for its product line as it exits the HSM market. This latest success represents the third live deployment and riskless migration from ARX HSMs to Futurex trusted platform, in the Israel market. The bank went through a rigorous RFP procurement process and chose Stanchion’s expertise and [...]

Jun 9th, 2022|News|

Stanchion fast-tracks JMMB’s Customer Experience and Fraud Initiatives

JMMB partners with Stanchion to deliver innovative payments solutions to its customers across Jamaica, Trinidad and Tobago, and the Dominican Republic. JMMB, one of the leading financial groups in the Caribbean, has partnered with Stanchion Payment Solutions, global specialists in payment solutions and integrations, to reduce fraudulent card transaction activity and create new customer communication experiences. JMMB is the first bank to deploy the latest version (v3.0) of Stanchion’s Digital Payments platform, Verto. Verto is used by financial organisations globally and provides payment orchestration, data transformation and enrichment services. Through this partnership, Stanchion provides JMMB with a multi-pronged approach to fraud. A rules-based engine declines suspicious activity, while Verto enables transaction alerts – empowering JMMB’s customers to react to suspicious transactions. The flexibility of Verto’s innovative rules engine allows JMMB to selectively send different alerts over multiple channels depending on the nature of the transactions and the cardholders’ preferences. For [...]

Jun 9th, 2022|News|

Love Light Romania helps over 1,000 Ukrainians

Love Light Romania (LLR), a Romanian charity (NGO) celebrating its 20th anniversary, provides care facilities to institutionalised adults with disabilities and was one of the first charities in Romania to react to the conflict in Ukraine, which started on February 24, 2022.Thanks to sponsorship funding from corporate donors such as Stanchion Payment Solutions and private individuals, we have now helped over 1,000 Ukrainians.In the first month of the crisis, families, mothers, children and babies were crossing the Romanian border to flee from the war in their country. They left everything behind. The children and babies needed food and clothes. Families needed places to stay. A key gap was the availability of transport from the borders to safe destinations such as Sibiu. LLR worked with the local authorities such as Sibiu to coordinate support. At that stage, LLR urgently needed extra minibus transport, fuel and food supplies.Now, three months on, priorities [...]

Jun 8th, 2022|News|

Stanchion Payments 2022 Workshop – South East Asia

This event is for Executives in Banks & FinTechs in South-East Asia who are keen to understand more about 5 payment challenges being faced in 2022 / 2023 and share our experience in solving them —referencing real case studies from Stanchion’s global customer base. The last five years have seen rapid development in regulation, compliance, security, standards, technology advancements, and innovation in Payments. Against this backdrop and the pandemic period, digitalisation and customer adoption have accelerated, creating an environment where banks and fintech have to digitally transform to keep up and drive agile innovation if they want to gain market share and keep cost inflation under control. In this 2.5 hour briefing, Stanchion, a leading payment solutions business serving over 100 banks and payment processors worldwide in over 30 different markets, invites you to explore how clients are adapting to the rapidly changing payments landscape to remain competitive and win [...]

May 3rd, 2022|News|

Stanchion Payments 2022 Workshop – Caribbean

This event is for Executives in Banks & FinTechs in the Caribbean who are keen to understand the 5 payment challenges organisations will face in 2022 and how to solve them. Learn of successful implementations in Europe and the Caribbean. The last five years have seen rapid development in regulation, compliance, security, standards, technology advancements, and innovation in Payments. Against this backdrop and the pandemic period, digitalisation and customer adoption have accelerated, creating an environment where banks and fintech have to digitally transform to keep up and drive agile innovation if they want to gain market share and keep cost inflation under control. In this half-day workshop, Stanchion, a leading solutions business with a strong Caribbean presence and serving over 100 banks and payment processors around the world in over 30 different markets, invites you to learn how leading clients are adapting to the rapidly changing payments landscape to remain [...]

Apr 28th, 2022|News|