Futurex Crypto Chat with Stanchion Payment Solutions: FinTech Innovations, Agility, What’s Next in Contactless Payments

Roland Allen, general manager, EMEA, Futurex, chats with Rudolf Smit, Managing Director: Africa, Stanchion Payment Solutions Roland: You work with payment companies around the world. Tell us about an interesting integration (or application). Rudolf: As a system integrator, we deliver a wide variety of projects and integrations globally. More recently, we did several Token Life Cycle Management (TLCM) implementations that require legacy-issuing solutions to integrate with more modern systems, including mobile phone applications and the major card schemes (which provide tokenization services). We’re also helping Acquirers and Issuers with implementing QR code-based payments and integrating them into digital wallets such as WeChat and Alipay. These projects form the basis of our clients’ abilities to provide a frictionless user experience to their customers, while minimizing the need for physical interaction at the point of sale. A new project we are about to embark on involves the implementation of an enterprise key [...]

Aug 13th, 2021|News|

Driving Change Efficiency through Skills Augmentation and Automation for your Payments Environment

This document presents an overview of the augmentation, automation and virtualisation capabilities that apply to the payment environments, especially the ATM, Kiosks, POS and SoftPOS environments that Stanchion offers through its solution vendor partners. It is intended for anyone who has to manage payment operations, predominantly in non-production and testing environments. The industries that this document is likely to be relevant to will cover: Banks Payment Processors / Payment Service Providers Fintech / Neobanks Large Merchants such as Retailers or Fuel businesses that own their payment switch or hardware like POS etc. Telecom companies Acquirers Issuers As a global service provider with over 20 years of integration, delivery experience and specialist skills for the support of Payment Systems, Stanchion is well qualified to help you explore how to embrace the latest automation and collaborative tools to drive operational efficiency. Download the White Paper here Complete [...]

Jul 13th, 2021|News|

Stanchion launches comprehensive new payment switch solution SwitchCare

Stanchion Payment Solutions, a global specialist in payment solutions and integration, has launched SwitchCare, an innovative and comprehensive offering that ensures the optimal management of Payment Switch environments. The service is aimed at payment processing companies that have transaction switching platforms at the heart of their operational infrastructures. Using best-of-breed tools and drawing off Stanchion’s specialist team’s expert knowledge and skills, SwitchCare ensures that this mission-critical system can deliver high-quality service over the long term. Rather than replacing existing platforms, operational teams, and processes, the SwitchCare team identifies the specific areas where Payment Switch operational maturity is needed and fills the gap with specialised skills, sustainable processes and top operational tools, effectively and efficiently helping organisations manage operational risk. “Stanchion is proud to offer SwitchCare to our ever-growing global client base, enabling them to deliver a predictable, quality service to their customers in the highly competitive and ever-evolving payments environment,” [...]

Jun 23rd, 2021|News|

Stanchion fast-tracks Banzpay’s digital payments initiatives

Banzpay partners with Stanchion to deliver innovative payments solutions to its clients across New Zealand and the Pacific Islands. Banzpay, a New Zealand-based fintech services provider of payments and banking solutions to financial institutions across New Zealand and the Pacific Islands, has partnered with Stanchion Payment Solutions, global specialists in payment solutions and integrations, to ensure the optimal delivery of services to their clients. The transaction technology company has chosen Stanchion’s SwitchCare program as well as their payments application technology, VERTO. These world-class offerings allow Banzpay to deliver predictable, quality service to their customers in the highly competitive and ever-evolving payments environment, fast-tracking and future-proofing their payments digitisation journey. “We chose to partner with Stanchion because they are payments experts who we can rely on for both our day-to-day and strategic payments needs. Their global footprint has meant that we are able to leverage their international expertise,” says Banzpay Chief [...]

Jun 23rd, 2021|News|

Workshop Spotlights Automation Solutions for ATM Operators

Industry experts spread across five continents attended an online workshop hosted by Stanchion Payments Solutions to discuss opportunities for the use of automation tools in ATM environments to drive revenue growth, ensure relevance, and control operational costs, in the face of ongoing challenges brought about by pandemic restrictions and changes in customer behaviour. The event, supported by Futurex, NCR and Paragon, highlighted opportunities for ATM operators to add value to their clients by increasing flexibility while containing or reducing costs. Speakers covered a range of forward-thinking solutions, from using automation tools for testing ATM environments and skills augmentation, to the virtualisation of ATM switches and how operators can utilise HSM (hardware security module) security through Futurex’s robust, trusted offerings. In his introductory overview, ATM Industry Association (ATMIA) executive committee member and Calleo managing director Andrew Dean highlighted the impact the COVID-19 crisis has had on ATM processors, with a significant [...]

May 5th, 2021|News|

phos and Stanchion collaborate to connect merchants in the Middle East to the contactless digital payment ecosystem via Android mobile devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the region Dubai, November 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, today announced that they have partnered to help payments processing Financial Institutions to accelerate time to market with innovative contactless payments acceptance solutions for merchants. phos and Stanchion are collaborating to help banks and payment enablement organisations in the Middle East to empower their merchants to meet customer demands for a wide range of secure, frictionless payment options, including contactless payments directly from a mobile device. Stanchion brings its proven systems integration and digital payments technology to the partnership. phos brings its innovative SoftPoS technology, which enables simple contactless payment acceptance for any merchant with an NFC-enabled Android device. At a time when social distancing measures are prevalent, and amid [...]

Nov 26th, 2020|News|

Stanchion announces support for Card Digitisation and Tokenisation Services on the VERTO platform

Security requirements, industry mandates and consumer demand for contactless mobile payments have continued to fuel the need for Tokenisation services. Many card issuers have not embraced the likes of Apple Pay and Google Pay yet, but it is fast becoming a necessity. Stanchion is now able to address those precise market needs with the official launch of additional libraries on its VERTO technology stack. VERTO is Stanchion’s digital payments integration platform, a solution that enables organisations to implement new solutions (like Tokenisation) while avoiding or minimising the impact on existing systems, thereby mitigating risk associated with the deployment of new functionality. With the added Tokenisation capability, VERTO supports financial institutions by enabling them to provide mobile payments through any wallet by acting as an abstraction between card issuers and TSPs. The focus is on simplifying the deployment of the functionality, removing time-consuming and costly development effort. In addition, Stanchion uses [...]

Nov 12th, 2020|News|

phos and Stanchion collaborate to connect merchants in Africa to the contactless digital payment ecosystem via their existing Android mobile devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent Johannesburg, South Africa, October 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, today announced that they have partnered to help payments processing companies and banks to accelerate time to market with innovative contactless payments acceptance solutions for merchants. phos and Stanchion are collaborating to help banks and payments companies, in South Africa, Kenya, Botswana, Zimbabwe, Ethiopia, Nigeria, Tanzania, Ghana and Uganda, to empower their merchants to meet customer demands for a wide range of secure, frictionless payment options, including contactless payments straight from a mobile device. Stanchion brings its proven systems integration and digital payments technology to the partnership. phos brings its innovative SoftPoS technology, which enables simple contactless payment acceptance for any merchant with an NFC-enabled Android device. At [...]

Oct 23rd, 2020|News|

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 payment options, including contactless payments straight from a mobile device. Stanchion brings its proven systems integration and digital payments technology to the partnership. phos brings its innovative SoftPoS technology, which enables simple contactless payment acceptance for any merchant with an NFC-enabled Android device. At a time when social distancing measures are prevalent [...]

Sep 16th, 2020|News|

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 restore these mission-critical systems with near zero downtime. “Stanchion represents a special partnership in the area of banking payment systems, which are extremely critical applications. We partner with consulting firms like Stanchion to bring them world-class continuous availability capabilities that allow them to integrate Continuity Engine into their solutions. [...]

Sep 3rd, 2020|News|