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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Disruptors driving cloud adoption …

Posted by Richard Buckle on December 14, 2018

Blockchain Clouds OmniCloudX OmniPayments as SaaS

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Who are the real challengers in the payments space?

Posted by Craig Lawrance on December 14, 2018

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OmniPayments celebrates globally – it’s been a very good year!

For the OmniPayments team it’s been a very busy end to the year, 2018. If you have been following us on social media you will have seen how we took time out to celebrate the holidays up and down the western hemisphere and beyond. From Colombia to Chile and from Mexico to Puerto Rico, we made sure our customers and our team had an opportunity to not only celebrate a great year for OmniPayments but to enjoy the networking opportunities such occasions provide. Getting up in time for the next flight was a challenge at times for some members of our team, but it was well worth it. A great time for OmniPayments? If you missed catching up with us at this year’s NonStop Technical Boot Camp (TBC) you would have missed the news about our users migrating to NonStop X, to leveraging our new OmniCloudX offering and piloting our own Distributed Ledger Technology (DLT) in support of Know Your Customer. No sooner had these celebrations ended then we headed “down under” with visits to both...

What’s SIBOS?

SIBOS Sydney 2018 kicks off Oct 21, 2018, and runs through to Oct 25, 2018. It will be held in Sydney, Australia and it will pull in a vast crowd of folks from financial institutions worldwide. I am about to depart for Sydney to participate in this event. If you aren’t familiar with SIBOS (Swift International Banking Operations Seminar) , then you need to know that is THE global financial services networking event organized each year by SWIFT. According to the brief I was provided, “The preeminent annual conference and exhibition connects more than 8,000 executives, decision makers and thought-leaders from financial institutions, market infrastructures, multinational corporations and technology partners. Sibos facilitates debate, networking and business collaboration that collectively shapes the future of payments, securities, cash management and trade.” Enough said? Should you want to read more about SIBOS Sydney 2018, read the recent post to the NonStop Community blog...

Distributed Ledger Technology freed from its chains

Blockchain, the technology underlying Bitcoin and other crypto currencies has been the talk of the town for some years now. It seems a dull day that goes past without some mention of how Blockchain is going to change the world in one way or another. Organisations spend a lot of time and money resolving conflicting data records on their customers, accounts, transactions, OmniPayments is taking a novel approach to Blockchain. Know-Your-Customer (or KYC) is one of the fundamental requirements of a business as new customers are registered within their systems. One of the biggest challenges facing the modern digital bank today is speeding up the KYC element of onboarding. The modern benchmark for onboarding of new customers is now minutes not days, meaning banks and other Financial Providers need modern and immediate microservices to complete the jigsaw of the service they are providing to their end-customer. The modern financial institution i...

There are many choices we can make with few wrong decisions ...

Just published to the LinkedIn blog, Pulse - https://www.linkedin.com/pulse/any-text-book-cases-hybrid-today-richard-buckle/ Check it out and in particular, not the references to OmniPayments and the options that they provide today. OmniPayments pays a lot of attention to where there customers are going and the breadth of the product offerings from OmniPayments is a reflection of the many options available that need vendor support - particularly when it comes to hybrid IT: Look at the approach one solutions vendor working in the HPE NonStop market is taking – OmniPayments, LLC, provides payments solutions including financial switches as well as support for ATM, POS and Mobile networks. The company recently introduced a cloud offering – OmniCloudX and has already attracted customers who have made the switch to running OmniPayments on the basis of SaaS. It has also recently won business for its off-premise support via its cloud offering from a large American retailer. ...

Mummy, What's a Card Number?

Banks are incubating plans to phase out the 16-digit card numbers on credit and debit cards, reported the Times recently. A couple of things are driving this. First, the explosion in contactless and mobile banking apps, and secondly the rise in online shopping. Removing 16-digit PANs from the front of cards is transforming the look and feel of payment cards, which from the outset over 50 years ago featured an embossed number on the front. What would remain on the front is the scheme & contactless logos, and maybe the word Debit or Credit. The explosion of contactless and mobile apps such as ApplePay is leveraging the token value embedded inside the chip which represents the card number in a tokenised form. It’s still a value that the card payment systems can recognise as you, but it’s no longer a number that opens you up to Fraud Risk through skimming or copying by nefarious means. This is building on an experience that is already underway in the United...

Following the posts and tweets – OmniPayments is on the road!

This week the event in London, BITUG, is in full swing but in many ways, it is really just a tune-up for the big pan-European event about to take place next week in Leipzig, Germany. And for both events, OmniPayments will be highly visible with Jessica Nieves giving presentations on just how well OmniPayments solutions leverage NonStop properties to deliver application availability with outages measurable to just seconds a year – yes, 99.99999% uptime. This is not a figment of the OmniPayments team’s imagination – but achievable time and time again because of the powerful NonStop architecture. More than just relying on the underlying fault tolerant architecture but just as importantly, on the complete integrated software stack from the OS to the middleware to the languages and tools HPE provides today in support of NonStop. And with careful planning, OmniPayments will be explaining just how easy this is to accomplish. And don’t worry, if you missed the session in London today, i...

A full slate of OmniPayments presentations for April and May …

For many in the NonStop community there has already been a number of opportunities to hear OmniPayments VP, Jessica Nieves, present “How to Build an Application with 99.99999% Availability. Previously covered in an early post to this blog following the first presentation given to the NonStop community in attendance at the Florida SunTUG event, what follows now is a full slate of RUG event presentations for the next two months: April - look for us at SCTUG, Southern California May - look for us at multiple events including BITUG - May 9 (London) GTUG / European NonStop HotSpot - May 14-16 ( Leipzig Germany) NENUG - May 21 ( Andover, MA) NYTUG - May 23 ( Berkeley Heights, NJ) If the mere mention of availability levels approaching 100% - something NonStop Product Marketing once called “Permanent Availability” piques your interest you may not be alone. Based on just how many RUG participants have attended previous presentation, this...

Who are the real challengers in the payments space?

So much of the UK’s traditional banking and payment infrastructure sits astride a very old and creaking rocking-horse. One that may look very nice in the corner of your living room, but chances are you’re a bit afraid it may no longer take your trim weight for more than a second or two. UK challenger banks are taking a different route, and are leveraging EU Passporting to bring you & I better banking. The names Atom, Revolt, Starling and Monzo are not necessarily high street names that you see every day, but the young and flexible millennials are adopting them in their droves. The modern generation don’t really understand why anyone would want to go to a bank; in the same way we look back at the lost art of letter-writing, the clunky-ness of a fax machine, or the single-use capability of a waist-mounted pager. Banking and Payments are changing rapidly and variety of Alternate Payment Methods shows how much power has now transferred to the consumer. ...

It isn’t time to count out cash any time soon …

Through the years, indeed for more than fifty years now, it is as though the clock is counting down the hours until cash fades from the scene. Society has for a very long time become well-adjusted to walking up to machines, presenting pieces of plastic, and pulling cash out of the dispensary. But the flip side has always been one of protecting cash – keeping it safe. Indeed, one of the primary roles for any bank branch office is to be home to a safe that is designed to keep watch over our cash and ensure it doesn’t fall into the wrong hands. This is the topic of a opinion column just published to the BankingTech web site - Banking – it’s a safe bet branch banking no longer need safes! For the customers and prospects of OmniPayments, LLC, this shouldn’t come as a surprise as they too have been hearing the clarion call proclaiming an end of cash. But it really isn’t that simple and even as we contemplate less cash being in circulation and just how easy we can live without any need...

OmniPayments and Open Banking – what’s this all about, then?

Open Banking and talk of embracing Open Banking is nothing new. It’s been the subject of many forums and conferences for bankers for quite some time. It was also the subject of conversation at a recent meeting with OmniPayments CEO Yash Kapadia while he was travelling through Australia where even the biggest of Australian banks talked about their desire to move in that direction. So, what does banking management mean by Open Banking? It’s all been about providing APIs into banking applications that are open and as such, accessible by any company that, as part of their own application or app, needs to tap the resources of one or more banks in order to complete a process. Think of all the new FinTech companies that eventually need to get back to information only saved at a bank – again, think about getting a loan from a bank and wanting to know the loan opportunities from multiple banks. Why would you want to visit each and every bank if there is an app that taps into them all? ...

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2018 TBC
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AML
APIs
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ATMIA US 2018
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