FIME is expanding its migration and certification services to issuing and acquiring banks in Russia through an official partnership with plastic cards software provider Pronit.
The new relationship will combine FIME’s global portfolio of services across the contact and contactless EMV and mobile payments landscape with regional and language knowledge from Pronit. .
Pronit will offer on-the-ground FIME products and services across Russia and the Commonwealth of Independent States, including Georgia and Ukraine, according to the announcement. It will predominately target banks that need to comply with international payment system standards, such as MasterCard and Visa, to offer global, interoperable transactions through the delivery of FIME consulting, certification services and test tools. FIME on-site and off-site support for MasterCard terminal and card testing will also be provided.
“Russia and the surrounding area are reflective of global trends to offer customers a globally convenient and secure transaction environment,” Mikael Berrebi, business director at FIME EMEA, said in a statement. “At the same time, banks are increasingly looking to integrate new and innovative payment solutions using contactless payments and mobile devices. To ensure these pioneering payment solutions offer seamless transactions, testing and certifications must be completed prior to market launch. Having these available locally saves time and money, which is vital when you are working to get products launched.”
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.