VERTO Digital Payments Platform
The global payment market is currently seeing a level of disruption unlike anything the world has seen before. New technologies are introduced at an unprecedented pace and many organisations struggle to move fast enough to exploit new revenue and cost-saving opportunities, which include those related to new payment methods, ongoing industry initiatives and increased customer expectations.
Many organisations find introducing new technology to be a time-consuming and cost-prohibitive process, especially in finely tuned real-time transaction processing environments. Existing payment switch architectures are designed to be secure and are built for high-volume throughput at scale. However, they’re often not designed with innovation and frequent changes in mind.
Stanchion’s VERTO aims to address this problem of accommodating frequent changes in inflexible environments. VERTO is a digital payments integration platform that enables agility in system integration projects, supports innovation and delivers off-the-shelf payment solutions. The primary goal is to simplify and fast-track new payment initiatives.
Stanchion’s comprehensive SwitchCare offering ensures your Payments Switch is managed optimally, complementing your operational team with expert knowledge, skills and best-of-breed tools…
Most payment processing companies have a transaction switching platform at the heart of their operational infrastructures. Irrespective of the technology stack, it is a mission-critical system that requires operational discipline and specialised knowledge to ensure high-quality service is guaranteed over the long term. However, all too often a shortage of the right skills, inadequate tools and an unstructured approach jeopardise an organisation’s ability to meet its own high standards. This impact is frequently not visible immediately, but rather manifests as seemingly one-off incidents impacting on online transaction processing, back office processes, security systems and disaster recovery capabilities. Left unattended though, the problems become more frequent and more severe, until eventually the service degradation has a real and long-lasting effect on customer satisfaction and, ultimately, profitability.
The good news is that the solution to the challenge does not necessarily require the replacement of existing operational teams and processes, but rather the introduction of complementary services and tools. By identifying the specific areas where improvement is needed and filling the gaps with specialised skills and tools, operational risk can be managed effectively and efficiently.
phos Contactless Card Payments
Receive contactless card payments directly on your Android phone or tablet.
- Covid-19 friendly. Customers and Merchants can accept contactless card and mobile wallet payments.
- Turn any merchant’s Android smart phone into a POS terminal.
- Securely accept payments from contactless cards or NFC enabled devices anywhere in the world.
- Support new innovation and payment options e.g. QR codes, Alipay, WeChat etc.
- Empowers merchants to seamlessly integrate payment acceptance with a universe of additional business applications e.g. vouchers, receipts, campaign management, loyalty, analytics etc.
VERTO use-case: Token Life Cycle Management
Security requirements, industry mandates and consumer demand for contactless mobile payments continue to fuel the need for Token Life Cycle Management services. Owing to specific market and regulatory factors, many card issuers have not yet embraced the popular mobile wallet providers. However, it is fast becoming a necessity, and Stanchion’s VERTO technology stack is a key enabler for organisations on this digitisation journey.
Digital PoS Enablement Junction@PoS
The speed with which the payments landscape is currently evolving is breathtaking and exciting. Constant innovation in the Payments and Value Added Services (VAS) space, mixed with increased customer demands, digitalisation, regulatory pressures and the use of mobile devices, is creating a rapidly changing and complex trading environment.