TESS Payments receives PSP licence from QCB

In a bid to comply with Qatar’s financial regulatory landscape’s requirements, Akurateco under the strategic collaboration with TESS Payments performed an on-premise setup of its software Microsoft Azure Cloud and supported the latter in securing the Payment Card Industry Data Security Standard (PCI DSS) certification. The current move further solidifies Akurateco’s commitment to sustaining appropriate security standards. In addition, showcased by its accreditation with the TESS PSP licence, Akurateco’s technology is compliant and reliable under the regulatory framework, with the accreditation underlining the company’s focus on the security of its solutions, which are developed to meet industry values.

Being a Qatari payment service provider, TESS Payments intends to provide secure and efficient payment solutions that are compliant with the region’s financial regulations. Through technology and strategic alliances, the company focuses on improving the overall payment experience for businesses and consumers.

As a global payment software vendor, Akurateco provides ready-to-use PCI DSS-certified white-label payment solutions to merchants, payment providers, and financial institutions globally. The company’s platform integrates several payment technologies, including intelligent payment routing, cascading, automated merchant onboarding, and advanced payment analytics, among others. Through these, Akurateco aims to ensure that its clients can optimise and improve payment processing costs and enhance transaction approval ratios.

Furthermore, having nearly 350 integrated banks and payment providers, Akurateco’s platform allows clients to utilise a network of traditional and alternative payment methods, including local and global ones, enabling clients to reach a wider audience and cater to their customers’ payment needs, preferences, and requirements.