
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.”
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