Payment platform
Servicios Electronicos Globales, e-Global, a Mexican electronic payment processor, has gone live with the Authentic Open Development Payment platform from Alaric International and Stratus Technologies Mexico (view press release). E-Global provides switching and card processing services for Mexican merchants and for its joint owners, BBVA Bancomer and CITI Banamex.
“Authentic has proven to be a great choice for e-Global,” said Arturo Lopez, CIO of e-Global. “We needed to identify a payment system which we could customise ourselves. This would allow us to maintain strategic control whilst retaining all the cost and support benefits of using a product-based solution in standard form. We found this unique and powerful combination in Alaric’s Authentic product. Authentic’s power and flexibility will be central to e-Global’s growth in terms of its ability to handle our growing transaction volumes. Authentic’s configurability will enhance e-Global’s agility and responsiveness, enabling us to very rapidly roll out new products and services.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
