How Credit Card Innovations Revolutionize Payments Methods

How Credit Card Innovations Revolutionize Payments Methods

Capital Markets CIO Outlook | Monday, November 09, 2020

Peter Caiazzi, Managing Director of TAS USA

Innovations are bringing forth many innovative products that banks, merchants and sales distribution channel partners have been seeking to stimulate. 

FREMONT, CA: "By opting for our card payments solution, delivered over the Cloud, innovative, progressive businesses like Super Processor can enjoy extreme flexibility, being free to autonomously design and deploy exciting new products while retaining full control of product development and time to market. This is something that many businesses relying on third parties can find frustratingly glacial, often having to wait a long time for new requests to be delivered, preventing them from getting their new and enhanced solutions out into the market on time to stay competitive," says Peter Caiazzi, Managing Director of TAS USA. A provider of digital payments software, TAS USA Inc., part of TAS Group has signed a deal with Hawaii-based full-service payment processor, Super Processor, to provide its end-to-end card payments platform, CARD 3.0, I.E. This signing will deliver innovative issuing and acquiring functionalities to cover the entire payments value chain. Super Processor is poised to make the full use of TAS USA's powerful and flexible payment solution capabilities to manage, on the acquiring side and the issuing side, all seamlessly integrated into one secure state-of-the-art environment.

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The agreement between Super Processor and TAS USA foresees the issuance and management of MasterCard-branded credit cards on the CARD 3.0, I.E. platform in Q1 2020, with the introduction of a brand new card program. The new card program will make use of sophisticated loyalty functionalities to deliver a highly innovative customer-centric payment product. These cards will be issued under the license of Technicolor Federal Credit Union, a principal member of MasterCard.

CARD 3.0, I.E. is being delivered in the Cloud via a rich set of APIs, providing Super Processor with the flexibility to scale with demand while at the same time ensuring a high level of security and performance. "CARD 3.0 IE solution, deployed through the Cloud, enables our customers to manage their infrastructures better, save on costs, increase speed to market and improve service levels," adds Peter. He continues, " Super Processor, by having our advanced platform at their disposal, can develop highly sophisticated payment products and launch them in record time. They’ll have maximum modularity and ultimate scalability, coupled with high performance levels (our solution is able to process thousands of transactions per second), even as volumes increase, as demonstrated via a recent benchmarking exercise, and deploying our solution on the cloud ensures a much lower TCO."

TAS Group found its mention in Top 10 Capital Markets Tech Solution Companies in Europe by Capital Markets CIO Outlook. TAS Group is a pioneering technology organization, providing advanced solutions for payment systems, cards, and capital markets. The company's pioneering-edge software enables both banks and new players in the payments space to manage frictionless, real-time B2B, B2C, B2G transactions, integrating with and harnessing the latest technologies.

Check out: Top Payment and Card Solution Companies

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