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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Cashless made easy – further developments in payments processing!

Posted by Richard Buckle on April 22, 2019

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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? ...

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...

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-...

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...

Are the systems you’ve relied upon for years still fit for purpose?

I ask this this questions with a fair degree of concern. Just this week, the notable security journalist Brian Krebs highlights the FBI warning to the Banking Industry of a potential impending “Cash-Out” across the world. They foresee a replay of the heist of a few years ago when a Card Issuers’ systems were hacked, daily limits raised, and then agents across the middle east withdrew some US$45 million within several hours. Not until the heist was over did anyone really notice this unusual activity. No-one smelled a rat till the rat had scurried away, melting into the night. So many of the systems we reply upon today still date from before the days of the Internet, before the days of the iPhone, and certainly before the days when the words Dark Web and Hackers drifted into modern use. Since that time, we’ve been busy trying to adapt our old systems for the modern world, tacking on bits of software here and there, plugging this gap and that gap,...

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...

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. ...

OmniPayments throws its full support behind events worldwide ...

As a platinum sponsor of the just-ended European (NonStop) Technical Boot Camp (ETBC), OmniPayments’ head of EMEA Sales and Business Development, Craig Lawrance, took full advantage of being the very first speaker to address the attendees immediately following the HPE keynote presenters. This is not to say that HPE didn’t provide fuel to fire up the audience but rather, it’s always good to hear from those vendors providing products to customers; it is the real-world experiences of current NonStop users that attracts a big audience to events such as this! On the other hand, ETBC is only one event that OmniPayments is supporting with additional industry and community events being supported – some in parallel. Across Latin America there were multiple events even as the month of May winds down so don’t be surprised to find other members of the OmniPayments management team present at an event near you as OmniPayments continues to get behind all events where NonStop and Payments solut...

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...

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...

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