Paymentology, providers of the innovative cloud-based processing platform, has announced the launch of its new global credit card processing solution, under the branding of Credit Works.
Credit.Works fills a growing gap in the industry’s credit card processing space which has lagged behind with a lack of innovation. Paymentology’s market-leading approach enables Credit.Works to supersede the capabilities of existing platform solutions.
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.
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.”
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.
‘Increasingly an issue of concern for banks is their fraud management,” adds Shane O’Hara. “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.”
Paymentology has taken the initiative to bring credit card processing to the digital age and Credit.Works leverages technology to provide even more opportunities to the world’s leading banks.