On 17 July 2019 in Brussels, SWIFT – a member-owned cooperative that brings together more than 11,000 banking organizations, securities institutions and corporate clients, announced enhanced global payment innovation (gpi) for corporates.
Customers want banking to be fast, simple and affordable, providing seamless secure digital experiences across multiple channels. On the other hand, fraudsters are devising increasingly sophisticated tools and techniques, benefiting from the large quantity of breached identity data flooding the web.
3-D Secure 2.2.0 (3DS2) — the new authentication protocol for online card transactions — is a truly exciting and welcome innovation. 3-D Secure 2.2.0 is designed to improve on its predecessor by reforming the weak points of the previous protocol. This next version of the 3DS is created especially for friction reduction in the transaction process to help improve conversion.
Since the first Quick-Response (QR) code appeared in 1994 and until now no such visible bridge between the offline and online worlds has emerged. Those blocky black and white squares of digital information seemed destined to become a big thing, and they did. Nevertheless, the popularity of QR codes varies and they still have a mixed reputation around the world.
PASHA Bank, the largest private bank in Azerbaijan, has launched a loyalty program in partnership with Solanteq. Together with Turkish Airlines, the bank has introduced the PASHA Bank Miles&Smiles card. The rewards program is open to both customers of the bank and any individual.
On the best weekend of July, Captain Morgan Hotel was the venue for a conference and the center of a clash of oars with kayaking races sponsored by OnegoSurf and Work & Sport. In the evening, it turned into a lounge area with relaxing music, exquisite food from Frank and a wonderful view of the setting sun. The fifth anniversary of Solanteq offered a change of activity, and as you all know this makes for the perfect break!
Towards the effective implementation of the digital strategy and information system improvement, Ukrainian Vostok Bank and Solanteq signed an agreement for the launch of SOLAR Retail Banking - a modern processing product for all types of retail operations.
The payments industry has been, and will continue to be, one of the most dynamic areas of innovation in the banking industry. Banks and credit unions must anticipate consumer needs and innovate in ways that will prioritize the most effective mix of capabilities, processes and people.