Paymentology has elevated its offering, announcing the launch of its new global credit card processing solution, under the branding of Credit Works.
The firm seeks to fill a growing gap in the industry’s credit card processing space which has lagged behind with a lack of innovation.
The approach of Paymentology aimes to enable Credit.Works to supersede the capabilities of existing platform solutions.
CEO of Paymentology, Shane O’Hara, commented on the launch: “The Paymentology platform has established itself as the processing platform of choice for those banks looking for a rapid drive in their digitisation journey. Our Credit.Works platform now focuses on credit card providers with novel, innovative technologies. It enables banks to address global markets with a genuinely market-leading suite of benefits.
“Increasingly an issue of concern for banks is their fraud management. Our Credit.Works product takes in our advanced fraud prevention technology recognised to be 30% more efficient than competitors’ solutions, giving banks not only the opportunity to integrate the full-service credit card platform, but to do so too with the benefit of highest quality fraud controls.”
Credit Works brings together the provision of highly flexible interest rate controls, inbuilt loyalty capability and the ability to give integrating banks full visibility on customer data at the point of spend.
In addition to incorporating full credit management across limits, interest rates, and transaction and card fees, the platform also runs reward programmes with real-time customer data capture at point of spend.
