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OmniPayments

OmniPayments is a comprehensive architecture by which financial institutions acquire, authenticate, route, switch and authorize transactions across multiple input channels such as ATMs, POS terminals, kiosks, IVRs and the Internet.

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OmniPayments covers a lot of ground at NonStop Technical Bootcamp; customers step up to talk about experience with OmniPayments!

Posted by Richard Buckle on November 21, 2018

2018 TBC Evertec JCPenney VISA Direct Yash

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At SIBOS Sydney 2018 – OmniPayments and Blockchain make it into the paper …

Posted by Richard Buckle on November 06, 2018

AML Blockchain OmniPayments. KYC

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OmniPayments and OmniATM are addressing tomorrow’s ATM requirements and already supports one of the largest ATM networks in the world!

The ATM Industry Association US Conference wrapped up only a few days ago. For OmniPayments this is always an event where our team is visible as we move among the users as well as check out the vendors. When it comes to ATMs, the world is changing rapidly as even when there are societies looking to take cash out of circulation, the presence of a financial institution “touch point” cannot be ignored or underrated. Today it may be cash and tomorrow may be tokens or even an automated barrister and further into the future, the lowly ATM may have successfully morphed into a fully-functioning branch office that is completely automated. Automated is the key word here – ATM’s started out simply as automated teller machines providing a “conversation-less” mode to access your cash! Furthermore, the technology exists to turn these machines into anything we want. Walking the exhibition aisles at the ATMIA US Conference, there is a lot of evidence to suggest the lines between kiosks and A...

Cashless made easy – further developments in payments processing!

When it comes to payments and payments switches there are many approaches that can be pursued when implementing them and with each step taken, new opportunities may open up. There is never a dull moment to be had when so many parties are involved and it all comes down to better serving the end user. In the case of payments these end users are consumers and there are few arguments to be made these days that it is the consumer that is driving change in the industry. It is very clear that the way financial transactions are being handled and whether it is online banking, mobile and contactless engagements or more traditional credit and debit card processing there really is no end in sight to the innovation that follows. Innovation continues to drive the way we all opt to interact with the financial institutions we trust with our cash and when it comes to disruptive innovation, recall back in 1990 when AT&T disrupted the credit-card business with the launch of its innovative Uni...

OmniPayments and NonStop users – no matter where your transformation journey takes you, together we can find the right road!

The intrusions one industry is making on the other are gaining more and more attention. Is Uber a ride share vendor or a technology vendor – even with the EU court’s ruling against Uber just recently, reminding the European community that Uber should be regulated like a taxi company, there is no denying that once well-understood industries like transportation and warehousing or even bricks and mortar retailers are working overtime to move into adjacent industries where they see greater business value on offer. No more is this evident than when we see retailers becoming technology companies even as technology companies become banks. The rise of fintechs is just one example of how far technology companies are pushing the boundaries. It is as if the boxes we draw into which we place companies no longer have any meaning – companies have long since broken free from categorization and are relishing the opportunity to try new things! No one really saw companies like Amazon develop tec...

OmniPayments is proving that with OmniCloudX, FIs can provide their payments solutions from out of a cloud!

As the year’s major events continue to attract attendees worldwide, these forums prove ideal venues for OmniPayments to provide updates on IT choices available to Financial Institutions (FIs) looking to enhance their product offerings. It’s a competitive world and many of the legacy solutions that these FIs have depended upon for decades are proving to be both outdated and inflexible. Whether it is in Chile at the southern end of South America or in the balmy waters around the Caribbean’s Dominican Republic or even the wide open prairies surrounding Grapevine, Texas – there have been many opportunities to hear more about OmniPayments. And to no one’s surprise, there has been no other OmniPayments product that has captured the attention of Financial Institutions more so than the OmniCloudX product. The development of OmniCLoudX followed close on the heels of the HPE NonStop team announcing the availability of NonStop on Intel x86 architecture. Together with the introduction...

OmniPayments celebrates another milestone – its 24th anniversary!

Many years have passed since OmniPayments first begun a long journey together with the NonStop community. It was 24 years ago that Yash had the idea of creating solutions for NonStop capitalizing on the open-source movement. Given that this was happening at a time when NonStop was introducing the OSS personality, whereby it supported POSIX APIs, turning to open source and taking a new approach to payments seemed the right thing to do for a company just starting out. What started as an idea has grown into a company with many clients in the banking and retail industries and a family of many employees in countries that includes the United States, Latin America, Europe and Asia. As Yash takes time out in just a few days’ time to celebrate his 24th year in business we can only speculate as to what the next 24 years will bring, but with NonStop X and virtualized NonStop and the move to support OmniPayments as SaaS out of the OmniPayments cloud, the recently-announced OmniCloudX off...

Even Mums are buying with “Click & Collect”

Is there anyone left who insists on actually going to a store to buy something? Business journalists Bloomberg have brought to our attention that the flight from physical store purchases to e-commerce has been even greater than was predicted. We knew it would grow but by how much? During the global lockdown, there were not many ways to buy anything much more than the basic necessities of food to feed our families. Everything else has to be bought on-line, and so we have. The darlings of the stock market Amazon, Apple, Paypal etc have all enjoyed new peaks as we hover our mouses daily over the BUY button. Amazon reported year on year growth of around 40% in an economy that shrank by 32%. Moreover this online practice of click-to-buy has become habit-forming. In the same way we have become accustomed to working from home, businesses have also had to adapt their model to e-commerce. They’ve flocked to eBay, Shopify, or brought in the e-...

OmniPayments flies higher with Payments-as-a-Service

It’s getting harder and harder to ignore the cloud revolution. Its adoption is now pervasive, its growth year on year is in double-digits. As an example, Amazon Web Services continues its onward march and Microsoft’s Azure strategy is driving significant growth for the once windows-focussed company; they recently reported a rather glorious 68% year on year growth in their cloud business. Cloud expenditure growth is now 7 times greater than overall IT spend. But why has its rise been so meteoric? Let’s just think about all those Apps on your phone – what happens each time you fire up one of those small Apps. Something has to be tying this all together. Want to start your own company? Everything you need is available as a service, so you can be up and running in less than 24 hours. The same cloud revolution is coming to payments, for consumers, retailers and banks. Time to market is now a key differentiator for the provision...

Disruptors driving cloud adoption …

Have you been catching updates on the end of year celebrations at OmniPayments? Have you seen the pictures posted to LinkedIn in from Mexico and Chile? Have you picked up on the general sense of accomplishment emanating from your OmniPayments team? And did you see how many OmniPayments users that selected the NonStop platform were present at the NonStop Technical Boot Camp giving great presentations on the success that they have enjoyed following the adoption of OmniPayments? During the last quarter of 2018 your OmniPayments team travelled the globe evangelizing OmniPayments with great success – adding JCPenney to the OmniPayments is looking like just the beginning with other financial institutions adding new features. There is a fundamental reason for the growing success and it has nothing to do with size or regional presence – it’s all about cost / performance. No other product can match the pricing model of OmniPayments and neither can they match the accessibility of knowledgea...

OmniCloudX accelerates time to market

Financial Regulators tend to feel nervous about where your data and mine is being stored. All those numbers, accounts, cards, names and other personal information all added up together represent the wealth of the nation and all its citizens. So when you suggest to these friendly Regulators that we store the entire GDP of the nation in some computer somewhere up there in “The Cloud”, they can tend to feel a little bit nervous. It’s almost the fortress mentality kicking in as our overseers really like the idea of pulling up the castle portcullis to shut off the world if everything for some reason takes a bad turn. After all, Central Banks do tend to have rather thick walls and they plan to keep them that way. So cloud-lovers will be pleased to hear that we see an increasing trend towards the Private Cloud. The provision of all that infrastructure to meet the needs of business as and when it’s required, but in a TRUSTED and KNOW...

OmniPayments was impressed by OzTUG – Sydney and Melbourne

OmniPayments flew the miles and made it “down under.” Paul Chandler and Vineet Bansal went to the events and came away impressed with what they saw. “There were almost seventy attendees in Sydney and around thirty attendees in Melbourne. And there was a goodly number of HPE personnel on hand to see how well the NonStop community remains fully engaged with NonStop systems, middleware and solutions,” said Chandler. It is a long way to travel and it can be weary but there really isn’t any place on earth quite like Australia. “OmniPayments took full advantage of the presence of HPE management,” added Chandler. “Our first action item from the event is an impressive one as Suresh Menon, GM Mission Critical Solutions, HPE Asia Pacific, requested we provide a WebEx for him and his regional NonStop sales teams.” As one of the few solution’s vendors participating in OzTUG it is always interesting to observe the interactions between HPE and companies like OmniPayments as HPE sales te...

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2018 TBC
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AML
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ATMIA Canada
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