Paymentology, the UK-based global issuer payment processor, can now offer banks tailored products through real-time data access. The company’s new Visa Ready certification means banks and financial institutions using Paymentology will meet Visa’s security standards.
The London-based fintech startup founded in 2015, has enjoyed success as a cloud-powered payment solution for challenger banks and even launched a global credit card processing platform, called Credit Works, early last year.
Currently Paymentology enables online banks to deliver market-leading card products with spend controls and enhanced features to their consumers.
Meanwhile, the Credit Works platform operates with different limits, interest rates, and transaction and card fees as a credit management solution. The platform is also used for reward programmes while providing access to real-time customer data at the point of spending.
The Visa Ready certification also follows a recent announcement by Paymentology, that it was chosen by Mastercard to join its Fintech Express programme and its Engage Programme. The partnership looks set to enhance banking technology innovations worldwide.