Global Payments to run issuer processing from AWS

Wednesday 5 August 2020 13:06 CET | News

US-based Global Payments has inked a deal with AWS to create a cloud-based processing platform for card issuers.

The partnership is said to ramp up the company’s ability to offer SaaS-based feature improvements for digital offerings, the USD 53 billion (by market capitalisation) payments heavyweight said this week.

Global Payments handles some 27 billion payments annually for customers ranging from small businesses, through to global casinos and banks. The new AWS-based platform will let financial institutions of any size “seamlessly operate the entire lifecycle of card issuance and management” it said in a release. With AWS as preferred cloud provider, the company will use cloud-based storage, compute, database, security, analytics and machine learning.

The decision comes as the company guns for banks’ merchant payment businesses, many of which are still run-in house. (Global Payments offers authorisation services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements and reporting).

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Keywords: AWS, Amazon Web Services, Global Payments, US, online payments, ecommerce, card payments, SaaS, digital payments, cloud-based processing platform
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce