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|

Stanchion Payments 2022 Workshop – MENA

This event is aimed at executives in banks & fintechs in the GCC and North Africa region who are keen to understand the 5 payment challenges faced in 2022 and how to solve them. Learn of successful implementations in Europe and Middle East North Africa. 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 Middle East 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 [...]

Feb 2nd, 2022|News|

Stanchion Payments 2022 Workshop – West Africa

This event is aimed at executives in banks & fintechs in Nigeria and Ghana who are interested in understanding the 5 payment challenges faced in 2022 and how to solve them. Learn of successful implementations in Africa and Europe.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 African presence and serving over 100 banks and payment processors around the world in over 30 different markets, invite you to learn how leading clients are adapting to the rapidly changing payments landscape to remain competitive and win [...]

Nov 18th, 2021|News|

Stanchion Payments 2022 Workshop – East Africa

This event is aimed at executives in banks & fintechs in Kenya, Tanzania, Uganda and Rwanda who are interested in understanding the 5 payment challenges faced in 2022 and how to solve them. Learn of successful implementations in Africa and Europe. 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 African presence and serving over 100 banks and payment processors around the world in over 30 different markets, invite you to learn how leading clients are adapting to the rapidly changing payments landscape [...]

Nov 18th, 2021|News|

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|