News

Why Cyber-Fraud Teams Are the Next Big Thing in Payments Security

The growing interconnectedness of digital systems, combined with the alarming ingenuity of financial criminals, has led to a convergence between payment fraud, cybercrime, and AML. As financial transactions increasingly occur online, and real-time payments have expanded to over seventy countries, cybercriminals exploit these trends by developing sophisticated schemes to target vulnerabilities in digital payment systems. As a result, payment fraud has […]

January 8th, 2024|News|

The road ahead for FedNow: collaborative efforts and advanced technologies in the fight against APP fraud

The US Federal Reserve launched the FedNow real-time payment service in July, creating a centralised system it hopes will enable faster cash flow for individuals and businesses in the US. As exciting as the launch of this frictionless new payment rail is, fraudsters will find new ways to exploit merchants and customers. Authorised push payment fraud, already a major problem for […]

November 21st, 2023|News|

Stanchion Appoints Shaun Hulley as Global Sales Engineering Leader

Johannesburg, South Africa, 6 November 2023 – Stanchion Payments, a prominent global provider of payment technology, is proud to announce the appointment of seasoned payments professional Shaun Hulley, who will use his wealth of international industry experience to head up the leading paytech solution provider’s skilled and dynamic sales engineering team as Director of Global Sales Engineering

Hulley returns to Australia after […]

November 6th, 2023|News|

Stanchion Taps Pierre Aurel as new Chief Product Officer

Johannesburg, South Africa, 1 November 2023 – Stanchion Payments, a prominent global provider of payment technology, is thrilled to announce the appointment of Pierre Aurel as its new Chief Product Officer. With a remarkable track record in payment product development and innovation, Pierre brings a wealth of experience to his role in Stanchion’s dynamic and expanding team.

Pierre Aurel’s achievements include spearheading […]

November 1st, 2023|News|

Legacy tech vs super apps: Can banks keep up with fintech innovation?

The B2C consumer payments sector has experienced profound disruption over the past five years as fintechs, neobanks and bigtech companies have come to market with innovative digital value propositions. Apple and Google are today synonymous with digital wallets, while the brands of traditional issuers and payments networks have become somewhat sidelined.

But disruption of the payments sector is just beginning. As much […]

October 8th, 2023|News|

Navigating Quantum Uncertainty in the Payments Industry: A Guide to NIST Recommendations and Post-Quantum Cryptography

The need for organisations to protect themselves against quantum threats to cybersecurity is becoming increasingly important as quantum-computing technology advances. Quantum computers have the potential to break many of the encryption techniques currently used to secure data, and this poses a significant risk to organisations in the payments industry.

Understanding Quantum Threats in the Payments Industry
While quantum computers are still in the […]

September 18th, 2023|News|

Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape

Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2 has helped to contain the growth of card-not-present (CNP) fraud. Yet with online transactions growing at a rapid rate, the payments sector can’t afford to be complacent.

According to the Nilson […]

September 14th, 2023|News|

How Stanchion’s experience in Europe can help retailers and other organisations migrate their Payment Switch to the cloud

In today’s rapidly evolving digital landscape, retailers and organisations are continually having to embrace and implement innovative payment changes to streamline payment processes and improve the overall customer experience. An important consideration in this regard for retailers who own their own payment switch is moving it to the cloud, a complex but necessary upgrade and safeguard that requires industry expertise and […]

June 26th, 2023|News|

The future of issuing: How digital experiences and enablement can improve the customer journey

Today’s consumers are smartphone-obsessed – and the more time they spend on their devices, the more these devices impact their behaviour and the way they consume. These devices are now so much more than just a means for communication, they have become a tool to simplify and enhance every aspect of consumers’ lives, particularly the way they handle their money and […]

May 11th, 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 […]

December 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 […]

October 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 […]

October 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 […]

July 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 […]

June 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 […]

June 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 […]

June 8th, 2022|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 […]

November 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 […]

August 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 […]

July 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 […]

June 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 […]

June 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, […]

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 […]

November 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 […]

November 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 […]

October 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 […]

September 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 […]

September 3rd, 2020|News|

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 […]

August 19th, 2020|News|

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 […]

May 7th, 2020|News|

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 […]

April 8th, 2020|News|

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 […]

April 9th, 2019|News|

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 […]

April 10th, 2018|Opinion|