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 [...]

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 [...]

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 [...]

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. Complete Form to Download White Paper [...]

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,” [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]