Volante Technologies and Deloitte in strategic alliance for payments modernisation
Volante Technologies and Deloitte are joining forces to offer clients a service that enables financial institutions to transform how they run their payments business. Volante’s cloud-based technology solutions for financial institutions will now include added insight and integration services from Deloitte as part of a broader strategic alliance agreement.
This offering from Volante and Deloitte aims to enable banks and payment service providers to further enhance the strategic and financial benefits of payments modernisation and cloud technologies, while simplifying regulatory compliance challenges and reducing operational risk. More so, the pair say it will enable the industry to scale new payments products in a more agile manner.
"Payments institutions must modernise their core payments systems and operations to address the issues that matter most to their business’s success," said Tushar Puranik, managing director at Deloitte Consulting, and Payments Transformation Leader. "No longer can anyone in the payments ecosystem rely on outdated technology solutions. We see Volante as an important and innovative player. Their modern, componentised, cloud-native solutions and services will enable financial institutions and payments processors to accelerate enablement of real-time payments and adoption of ISO 20022 regulations and standards, reduce infrastructure costs, and grow their businesses with agility."
Deloitte, which serves 94% of the financial institutions on the Fortune 500 list, will also bring technology-implementation experience to the offering. This includes helping clients in areas such as payments modernisation, API-driven automation, risk and regulatory compliance, anti-fraud programmes and cybersecurity capabilities on a global and local level.
EBANX unveils payments platform for global companies in Latin America
Payments fintech company EBANX has announced EBANX ONE, its payments solution for global companies in Latin America. It is presented as a proprietary payment platform that allows global companies with local or international operations to connect to hundreds of payment methods in Latin America, in all 15 countries where EBANX operates, including the newly launched operations in Central America and Caribbean, and Paraguay.
EBANX ONE offers hybrid combinations of operational models in only one system integration: payment processing with international and/or domestic settlement, domestic and international payout. Through the platform, one company can sell in Latin American countries, in local currency, and receive the settlement of collected payments in US dollars anywhere in the world, without the need of a local entity. It is also possible to settle in China, in CNY. Simultaneously, the same company can sell locally in Latin American countries and receive its balance domestically, also in local currency.
All of this means that EBANX' merchants can rely on its services not only for cross-border payments but also for local transactions, including support for the end customer in the local language.
"Through our unique connections with issuers, acquirers and card schemes, and our technology, we can deliver efficiency and special payment projects that are tailored for enterprise companies - and now with the flexibility of choice given back to them to implement global operational models or test new ones in the region," said João Del Valle, co-founder and CEO at EBANX.
ACI Worldwide and J.P. Morgan collaborate to increase payment options for European merchants
ACI Worldwide has announced a collaboration with J.P. Morgan that is designed to enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers.
Through this collaboration, merchants will have a pre-certified service combining J.P. Morgan’s European acquiring platform with the ACI Omni-Commerce solution to deliver in-store payment acceptance capabilities. ACI Omni-Commerce is a cloud-based, point-to-point encryption (P2PE)-validated payments platform, which is designed to provide merchants a safe, consistent and seamless payments experience across all channels, whether in-store, online or mobile.
"We are keen to be in a position to support merchants as they navigate the post-lockdown era after a significantly challenging period of time," said Basil Bailey, head of Product for EMEA Merchant Services at J.P. Morgan. "ACI’s Omni-Commerce solution will play a key role helping us to do that."
"We look forward to supporting J.P. Morgan in expanding its merchant payment capabilities,” said Andrew Quartermaine, vice president at ACI Worldwide. "ACI’s Omni-Commerce service simplifies merchants’ needs to serve customers in their modern omni-commerce buying journeys, taking payments in-store and from many digital touchpoints."
Like this item? Get our Weekly Update newsletter. Subscribe today