IT solutions provider SEPA Cyber Technologies has joined the Visa Ready for Fintech Enablement program, according to a Tuesday (Dec. 21) press release. As part of the collaboration, SEPA will help FinTechs and traditional issuers address digital-first strategies.
Through the joint effort with Visa, SEPA Cyber Technologies, which provides IT solutions for the banking, financial, governmental and retail sectors, will deliver comprehensive card payments security while bridging the gap between its customers and the market, according to the announcement.
The company provides clients with everything necessary for full digitization of financial and business processes, in addition to assisting clients establish their own neobanks and challenger banks, according to the press release.
SEPA Cyber Technologies’ FinTech software solutions can be accessed through a single API connection, enabling customers to add or remove services with a single click.
The SEPA and Visa partnership comes on the heels of digital communication platform Remitter joining the Visa Ready FinTech Enablement Certification Program, according to PYMNTS. Remitter helps increase collection of overdue payments.
Related: Remitter to Partner With Visa Ready Program for Expansion
The Visa Ready Fintech Enablement Program provides participating companies with access to Visa’s partner network, go-to-market support to uncover new markets, and newly launched Visa products and solutions, according to the announcement.
Earlier this month, Embily USA, the U.S. arm of the European FinTech firm, joined the Visa FinTech Fast Track program. Like the Visa Ready FinTech Enablement Certification Program, the Visa FinTech Fast Track program provides partners with access to the credit card company’s payment network. In addition, it offers faster onboarding times, PYMNTS reports. Embily’s reloadable debit card is expected to debut in the U.S. in 2022.
See: Bitcoin Daily: Zimbabwe Central Bank Eyes CBDC; Visa Fast Track Welcomes Embily Bitcoin Card
This fall, Visa provided a fresh investment for credit-card-as-a-service company Deserve, PYMNTS reported. Underlining its commitment to financial institutions, Visa made the investment to assist the company in expanding its services to more banks and FinTechs.
Read also: Visa Backs Credit-Card-As-A-Service Startup Deserve
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NEW PYMNTS DATA: AUTHENTICATING IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021
About:More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs — so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.
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