Improving operational efficiency for financial institutions by streamlining their ATM and card reconciliation processes is the solutions benefit.
“As the volume of card activity across ATMs and Point of Sale devices increases, timely and accurate validation of transactions can become more costly, increase risk and be prone to error. Reconciliation, process automation and the timely identification of anomalies and exceptions are vital to help ensure better risk management and that operational costs are reduced,” said Richard Chapman, director, product management, IntelliMatch, SunGard.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.