Mastercard, Form3 launch next-gen real-time payments gateway

Friday 16 July 2021 14:00 CET | News

Mastercard has partnered with Form3 to launch a real-time payments gateway service PayPort+, according to the official press release.

The solution which provides flexible access into the UK-based real-time payments infrastructure for Financial Institutions and Payment Service Providers. PayPort+, powered by Vocalink, a Mastercard company, and Form3, a technology partner, combines the benefits of cloud native technology with the high levels of security, availability, and operational services standards. Mastercard has selected Form3 as the technology partner for the implementation of its new PayPort+ platform.

PayPort was launched in 2016 to offer financial institutions, large and small, connectivity into the UK Faster Payments network. Through this next generation of PayPort+ these institutions will benefit from flexible connectivity options, including MQ, Restful APIs, and Microservices. PayPort+ is now live with two UK financial institutions, including Nationwide Building Society, processing real-time payments into the UK Faster Payment service.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, Mastercard, Form3, real-time payments, online payments, product launch
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech

Industry Events