Prizm Payments provides secure payments services for financial institutions, retailers, and service providers, across multiple electronic channels.
Following the rapid growth of the Indian payments market, Prizm Payments identified an opportunity to offer innovative ATM and POS services to financial institutions and retailers. The Prizm Payments management team has extensive experience in the industry, incorporates an established maintenance and services operation with 43 facilities across India, and is backed by a leading global private equity firm, Sequoia Capital, as a financial investor.
As the provider of the world's most widely deployed open-systems payments software solution driving over 100,000 ATMs and 500,000 POS devices worldwide, Postilion allows Prizm Payments to establish a world-class ATM and POS network across India. Prizm Payments will introduce a comprehensive payments services infrastructure to India, comprising of retail ATMs, POS services, third-party maintenance services, and prepaid card services.
"Postilion will be helping us to deliver improved ATM, POS and card services to financial institutions and retailers in the Indian market," explained Loney Antony, Managing Director of Prizm Payments. "We understand the importance of providing customers with a reliable, high performance, innovative and secure service, and these were the key factors that motivated our choice of Postilion. We aim to differentiate ourselves by providing leading edge value-added services across all channels. Postilion's modular approach allows us to bring these new services to market faster, thus maximizing our investment."
"Having been traditionally dominated by cash, the Indian payments market has seen significant change and growth which has presented many opportunities for players in the payments industry," commented Steve Kirrage, Senior Vice President and General Manager, Postilion Middle East and Southern Europe. "Postilion solutions are an ideal fit with Prizm Payments' business model, and we are pleased to be working with them in their venture."
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Prizm Payments picks Postilion for payments processing
- Middle East: Wednesday, February 25 - 2009 at 15:03
- PRESS RELEASE
Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation, today announced that Prizm Payments, a service provider based in India, has implemented a Postilion payments processing platform.
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About Prizm PaymentsPrizm Payment Services Private Limited (Prizm Payments) is a company incorporated in India with an established track record in the payments industry in India and in operation for over 3 years. Prizm Payments is led by a management team with extensive experience in the payments industry and with a leading global private equity firm - Sequoia Capital as a financial investor. Prizm Payments is created to develop a self-sufficient nation-wide modern payments ecosystem for financial institutions, retailers and service providers. Prizm Payments' mission is to be the leader in enabling secure, innovative payments services across electronic channels.
About Postilion
Postilion, a division of S1 Corporation, is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry.
About S1 Corporation:
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions.
For more information, please contact:
Sharon Salazar
Office Administrator
Wallis Marketing Consultants
P.O. Box 502281
Dubai, United Arab Emirates
Tel: +971 4 390 1950
Fax: +971 4 367 2800
Posted by Rana MesbahWednesday, February 25 - 2009 at 15:03 UAE local time (GMT+4)
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