Real-Time Payments: The new normal!
The transition to digital living is there for all to see. Today’s customers expect hyper-connected, frictionless purchase experiences. Real-time payments offer consumers and businesses cheaper, faster and more efficient ways to pay, especially when embedded in apps and services, that may not even be financial ones. No PSP can afford underestimating the growth and impact of worldwide real-time payments – it’s final call for late runners to fill the gap in their modernisation journey!
Welcome to the Instant Payments Era
TAS was among the technological frontrunners who facilitated banks’ access to the first European Instant schemes – EBA RT1, Nexi-Nets and TIPS. We offer our experience to help you exploit untapped opportunities brought about through real-time payments.
Enable the New Normal in real-time
Payment Service Providers are facing new challenges:
Conduct Anti-Money Laundering screening and monitoring of all transactions, while respecting challenging SLAs of the EPC scheme
Optimise liquidity continuously, 24×7, to not hinder the execution of customer-requested instant payments due to a lack of funds in PSP RTGS Dedicated Cash Accounts.
Intercept potential fraudulent payments in seconds
Instant payments are also becoming increasingly important in e-commerce and for physical merchants, as an alternative to cards, with new use cases driven by the European Request to Pay scheme.
We help PSPs overcome these challenges by providing last mile connectivity and managing back-end processes, even in SaaS mode, letting them focus on delivering the customer experience they want to offer.
Request to Pay – The missing piece to fully achieve instant digital collection in the SEPA environment
The Request to Pay (RTP) is a pan-European scheme defined by the European Payment Council allowing a creditor to send a digital request to the debtor that triggers a synchronous or asynchronous payment initiation with automatic reconciliation.
Our RTP solution delivers:
- Standard access to the European RTP network (for PSPs, TPPs, etc.)
- APIs enabling the use of RTP features in ERP applications, mobile apps, at retailer checkouts and on all channels that PSPs make available to their customers
- Business services to provide the creditor with advanced collection features, greater process control and automatic reconciliation
- Business services for the payer/customer, simplifying and automating the payment (immediate, deferred, in instalments) and providing a current and historical view of payments made and the goods and services purchased.
A single framework for a plurality of Real-time circuits
IP circuit managed by EBA Clearing
IP circuit managed by NexiPay
IP circuit managed by the European Central Bank
Faster Payments Gateway
UK real-time payments channel
Some of our clients
TAS @ UNITI Mobility Payment Forum 2022
5-6 October, Hamburg
Infraxis together with its Partner CCC welcome you to the UNITI Mobility Payment Forum 2022.
We’d be delighted to meet you and discuss your future needs in the areas of fleet card management, fuel payment processing and loyalty, which you can now select to be delivered as fully outsourced processing, SaaS or self-managed solutions.
Infraxis brings the “Build Your Own Card” paradigm to the area of fleet cards, allowing the full card lifecycle to be managed through secure APIs. Fleet card issuers can now focus on customer growth, retention and profitablity, using cards, apps and loyalty programs that seamlessly integrate to form a bespoke customer experience.
Visit Infraxis – CCC booth to discover PayStorm Fuel
TAS @ Sibos 2022
10 – 13 October | RAI, Amsterdam
Sibos is back in-person and TAS is again among the official exhibitors. We can’t wait to meet you in Amsterdam where SWIFT will host a full conference programme and exhibition, along with a wide range of networking events. The agenda will feature business leaders and topic experts from across the financial community and beyond, discussing the most impactful trends in technology, regulation, risks and sustainability. If you can’t make it in person, join Sibos virtually by connecting to the digital conference experience that will extend Sibos to delegates around the world.
Stop by our booth D76 to share insights on the latest trends on digital payments, liquidity management, payment schemes connectivity, open banking and much more.
TAS launches SoftPos to accept contactless payments from Android devices
Thanks to the agreement signed with Danish fintech SoftPay, TAS will enable the acquiring of contactless payments from Android mobile devices in Italy. The benefit provided by the SoftPos solution to merchants is simple and immediate: allowing to transform their phones into a ready-to-use payment terminal, without the need for additional certified hardware, thus reducing the heterogeneity and complexity of multi-device management at the point of sale.
The shopping experience is also improved for the buyer, who can complete the payment faster, avoiding long queues at the checkout.
The merchant APP is available on the Google Play Store and can be used in white label mode, or easily integrated with any APP already in use by the merchant.
The solution is certified with Visa and Mastercard, and is also available for mobile wallets – such as Apple Pay, Google Pay, Samsung Pay – whose payments are processed in a similar way to standard EMV transactions managed by traditional POS devices. For maximum user security, a specific certified component manages the typing of the PIN on Glass on the Android device, ensuring absolute confidentiality.
The SoftPos solution is offered by TAS to banking operators and their processors as a service in Cloud; in this way the impact on the Service Provider is minimal, avoiding to disrupt the infrastructures already in use to manage the POS channel.
Tuscany Region confirms TAS for the evolution of its digital platform IRIS
- administrative and technical enrollment of public bodies belonging to the Tuscany territory
- standardization of interfaces and integration with the national IO App system, with full reconciliation of receipts
- simplification of the payment experience of the users (citizens and businesses)
- integration with regional apps
- integration with the centralized booking system for public healthcare services (CUP) and the Pharmacies of the Tuscan Health Service.
Infraxis showcasing its comprehensive Fuel technology at UNITI EXPO
Lugano, 9 May 2022 – Infraxis AG, part of TAS Group, a leading technology provider in the Payments space, will be exhibiting at the upcoming UNITI EXPO taking place in Stuttgart from May 17 through 19. We’re proud to be at UNITI 2022, where we’ll be co-exhibiting with CCCBusiness Service AG, our processor partner servicing the top forecourt operators and fuel card issuers in Switzerland and beyond.
The state of the art PayStorm Fuel platform is powering CCC business by supporting leading Fuel Industry operators on a daily basis. Infraxis is continually investing in the PayStorm platform, bringing the challenger bank paradigm to the processing of fleet cards, forecourt acquiring and EV charging apps.
PayStorm efficiently solves challenges associated with acquiring and authorizing fuel card payments through its highly adaptable design, enabling the realization of different business needs within the minimum of time and with the minimum of cost.
“Whether your organization needs to acquire internationally branded cards, perform authorisation against a small to medium sized card portfolio, or to simply to switch out to a card issuer for authorisation, Infraxis has the solution ready to satisfy your processing requirements.”- commented Manfred Thomi, CEO of Infraxis.
At the UNITI Expo Infraxis stand visitors will be able to assess the ease of app integration via APIs for mobile-first onboarding and self-management for both fleet cards and international payment brands.
UNITI Expo, the leading retail petroleum and car wash trade fair in Europe, is finally back in-person, with 4 themed exhibiting areas. Infraxis AG welcomes all interested visitors in Hall 5, the Technology, Payment & Logistic area, at booth 5A20.
TAS migrates POS payment acceptance services to the cloud using Amazon Web Services and certifies itself as PCI-DSS Level 1 Service Provider
TAS Group is certified as PCI-DSS Level 1 Service Provider
TAS Group’s POS payment acceptance services have been successfully migrated to the Cloud, with no disruption to the live merchants. The new infrastructure is based on containers (Kubernetes) and makes extensive use of Amazon Web Services (AWS) PaaS services, including Amazon Elastic Kubernetes Service (Amazon EKS) and Amazon Aurora.
In addition to the proven advantages typical of the Cloud technology – such as scalability, simplification of Business Continuity, redundancy, the possibility of decreasing the effort dedicated to infrastructure management – the decision to migrate to AWS Cloud was driven by the PCI certification already obtained by this provider, a market leader in the Finance sector.
“AWS Italy has supported our team in a very effective way, both in the design and in the execution of the project,” declared Andrea Paolini, IT Infrastructure Manager of TAS Group, “allowing us to obtain the PCI DSS compliance certification at the beginning of November, a few months after the launch of the initiative, and in time to face the hottest period of the year for e-commerce and in-store purchases.”
The new service configuration offered by TAS Group is based on AWS regional infrastructures in Dublin, Frankfurt and Milan. The overall infrastructure is also integral part of TAS Global Payment Platform, the highly modular new enterprise payment processing architecture developed by TAS to serve both incumbents and new entrants in the Open Banking and Open Finance ecosystem.
TAS Group’s payment gateway adds an MNGS access for VISA transactions
Being able to communicate in a “brand agnostic way” is proving valuable for fintechs who are scaling up their card business in the rapidly evolving digital payments landscape.
TAS Group successfully launched its MNGS proposition in the US Region back in 2020, and has now added a first client leveraging this channel also for VISA transactions.
Thanks to the established partnership with Mastercard, TAS is able to offer simplicity and reduced unitary costs to customers who are building up their volumes supporting their end-customers preferred choice of payment methods.
How PSPs are navigating change in a challenging payments landscape
TAS conducted a survey, in partnership with Bobsguide, to learn how PSPs, including Credit Institutions and other Payment organisations around the world, are reacting to the changes and challenges in today’s emerging payments landscape.
The report highlights the themes having a big impact on the payments industry right now: instant payments, ISO 20022, and liquidity management, and contains insights into global technology investment strategies, cloud adoption trends, the main challenges currently seen by the payments community and more.
Digital transformation progress in the European Banking Community – now more than ever
TAS Group has proudly sponsored two key EU conferences in June, Payments CEE Summit and EBAday 2021, that have clearly shown how deeply the acceleration in digitalization was able to positively impact the banking DNA.
With over 1000 professionals registered at the CEE Summit, connecting primarily but not only from the Balkans, and over 2000 delegates participating to EBAday 2021, the paramount annual conference curated by the European Banking Association, all hot payment trends were deeply debated by speakers coming from all segments of the stakeholders landscape: incumbent banks, challengers, paytechs, payfacs, regtechs, regulators, corporate clients, market infrastructures, academics and market research companies.
Hottest in the agenda: Instant Payments and their convergence with card payments, Request to Pay, Buy Now Pay Later, Fraud Detection in the Real-time era, ISO 20022 migrations, API enablement, and many more core topics, including the power of the Payments as a Service paradigm as a way to accelerate the banking modernization journey.
In case you missed our speeches at the conferences, by Dragan Spanovic, VP Sales TAS Eastern Europe, and and Mario Mendia, SVP TAS International, you may learn more about TAS Group’s 35+ years expertise as a PayFac in the evolving European Financial Services Market on our website.
TAS Spotlight Open Banking
In this video Marco Pozzo, Senior Business Development Global Payments of TAS Group, shares his point of view regarding the changing scenarios and the arising challenges in the Open Banking era…
TAS Spotlight Payment Schemes Connectivity
In this video Gianpiero Caretti explains how connectivity needs have evolved for businesses…
Get in touch to discover how we can help in achieving your business goals