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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 talks JCPenney, Visa, Mobile Wallet, Security and more at major NonStop user events …

Posted by Richard Buckle on July 17, 2019

Fraud Blocker JCPenney N2TUG VISA Direct Visa Fraud Visa Tokenization Yash

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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 – where are we headed with NonStop?

Looking around the many social media channels on offer today and checking out what our peers are saying, when it comes to NonStop there is considerably impetus developing behind NonStop X. These are the Intel chip-based systems from the HPE NonStop team and support the Intel X architecture. On the other hand, when it comes to OmniPayments, there is so much going on today at the company that perhaps where we are headed isn’t all that clear. First up, and something OmniPayments CEO Yash Kapadia constantly reminds me of, is that OmniPayments is customer-driven. OmniPayments is not beholden to a group of faceless shareholders as may be the case with other payments solutions providers, but rather as a private company, it really is beholden to its customers. Yash has been in the software solutions business far too long to simply latch on to the latest and greatest ghee-whiz gadget or neat programming trick, he carefully tracks both the industry and a select number of his key customer

OmniPayments – following the GTUG event comes the most important takeaway of all; HPE is harnessing the Blockchain!

“We certainly enjoyed our time at GTUG last month and Paul and I managed to find time with many members of the NonStop community,” said Craig Lawrance, OmniPayments head of European Business Development. “We have done so well in South America where we continue to add new clients and it’s something we definitely are looking to do here in Europe and across the Middle East as well as Africa – the EMEA marketplace. There are a lot of similarities when it comes to markets and the customers their financial institutions serve between EMEA and South America. The single most important fact that OmniPayments communicates at events such as GTUG is the strength of the partnership that exists between OmniPayments and HPE. At all times, OmniPayments takes full advantage of the complete NonStop product offering, including systems as well as the full software stack. “Whenever HPE delivers something new with NonStop, we give it serious consideration and more often than not, these new products a

How did JCPenney manage their migration to OmniPayments?

Introduction Ever wondered how JCPenney managed to migrate their old Base24 system to their new modern robust and streamlined OmniPayments payment gateway solution? OmniPayments wasn’t their original first choice; other major names were higher on the list, but for one reason or another, struggled to rise to the challenge. This article describes how JCPenney achieved this successful migration; and in a matter of months. It describes the steps they took to make their choice, and why they eventually settled on OmniPayments. They now feel their new solution is superior in many ways to the old one. The new solution provides a much improved and flexible solution that can process their payments transactions much faster, with higher volume at a much lower cost. The new solution enables business monitoring capabilities, and an infrastructure perspective that was not available to JCPenney with the previous solution. JCPenney is extremely satis

OmniPayments throws its full support behind well-attended RUG events worldwide

There have been a couple of highly successful RUG events on both sides of the United States – one in Tampa and the other in the Phoenix / Scottsdale area. Both events pulled a lively group of NonStop users together and it was reported that in Tampa there were almost 100 attendees present. Next up, it will be Southern California’s turn, before May arrives and attention turns to Europe where both the British Isles (BITUG) and the very impressive pan-European event jointly held with GTUG will take place. If you have plans to be in either the UK (London) or Germany (Leipzig) then check your calendar and if you can make either one of these events, then plan on doing so. OmniPayments VP, Jessica Nieves, has been the featured presenter this year and she has put together an impressive presentation under the heading, “How to build an Application with 99.999999% Availability!” Jessica has been enjoying her time with the NonStop community and takes particular pleasure in describing just h

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

Whenever major NonStop community events are put on by the HPE NonStop team, the single biggest request from the community is to hear more from NonStop users. Now that the event has wrapped up and most Americans are celebrating the Thanksgiving’s long weekend, there is time to reflect on what NonStop user presentations were provided at this year’s NonStop Technical Boot Camp and from the feedback provided by the NonStop vendor community, OmniPayments led the way with support for three user presentations; Evertec, JCPenney and an update from Visa Direct now supported by OmniPayments. As the photo above depicts, there is still plenty of room for others to hear the news from NonStop users even as this photo first posted to LinkedIn has been viewed many times. The NonStop community is often called upon to advocate strongly in support of NonStop so having knowledge of real world use-case scenarios is invaluable. VISA Direct provides a Person-to-Person capability whereby, “OmniPaym

Flexibility; Coexistence; Innovation – with OmniPayments you have it all!

The IT landscape today brings to mind that “keeping your options open” is of paramount importance when it comes time for decision making. When faced with responding to changing market conditions it’s never wise to go “all in” on any one architecture or technology as there is always something new about to happen just around the corner. For Financial Institutions (FIs) around the world, navigating change is proving to be a big differentiator in and of itself – set your FI up to accommodate what comes next is neither a risk-mitigating step nor a cost-effective balancing act, but rather, a necessity in order to remain competitive. The days of having just one check account to anchor all financial transactions or having a single debit / ATM card for managing cash (and cash flow), are long gone. Today it has become a world dominated by the desire of FIs to be flexible, to coexist and yes, to innovate. Flexibility is all about avoiding lock-out and being open – open banking is not just

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 is really an IT

Get your cards ready, Hipsters!

Wandered into a hipster coffee bar or eatery lately? The Yoghurt and WiFi may be fat-free, but one more “free” development is creeping up on us. These establishments are increasingly Cash-free. It’s a Card-only payment zone – take your jar of pennies elsewhere please. Is this the real-world starting to mirror the online world or is something more sinister afoot? Consider whose convenience this is really for. For a start, let’s examine the practicalities of a retailer accepting cash. Cash is more open to theft & fraud, it’s more open to mistakes, and it requires the merchant to store enough change to give back to the customer. These cash-based transactions also take longer to process. So where businesses like these hipster cafes have high transaction rates, it makes sense for them to go cashless. This is already spreading to the likes of fast food outlets where they politely ask the customer to prepay their food on a big screen on ent

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 of payments infrastructure.

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