SIA Partners with HPS to Strengthen its Payment Cards Activities in Greece

SIA Partners with HPS to Strengthen its Payment Cards Activities in Greece
10.07.2019 10:03 am

SIA Partners with HPS to Strengthen its Payment Cards Activities in Greece

Payments

SIA, the leading European hi-tech company in the payment services and infrastructures sector, has signed a strategic partnership with HPS, a leading payment software company, to increase its card payments processing in Greece and other European countries through an innovative digital platform.

The agreement sees HPS’ “PowerCARD” solution enabling SIA to process all the different types of credit, debit and prepaid card transactions for its banks and financial clients on a single integrated platform in a faster, more secure and efficient way, also contributing to reduce transaction costs and mitigate operating risks. SIA currently processes 7.2 billion issuing and acquiring card transactions and handles over 84 million payment cards in 23 European countries.

Furthermore, HPS plans to create dedicated PowerCARD “Centre of Excellence” in Athens to exclusively support SIA in the development and implementation of all payment cards initiatives in Greece. At the same time, the PowerCARD platform will be fully managed by New SIA Greece with the backing of a specialized team.

Moving into an ever more digital age, we have seen an increased demand for card payments to be processed with the highest levels of performance. For this reason, SIA explored the market to find the most innovative solution to face the challenges coming from this transformation. SIA chose the HPS PowerCARD to meet the various needs of our clients and implement a leading edge cards payments processing platform. We believe HPS is the right partner who can support us as we seek to grow our business in Greece and across Europe”, commented Daniele Savarè, Innovation & Business Solutions Director, SIA.

"We’re delighted that SIA has selected HPS’ PowerCARD platform to power their processing business focusing particularly in Greece and other European countriesBecause of its open architecture and extensive API library the digital PowerCARD platform will enable them to deliver a first-rate payments processing service to their clients, using the latest payments technology” said Philippe Vigand, Managing Director at HPS.

Related News

Wirecard and UnionPay, the world’s largest card scheme, sign MoU to form expanded global strategic partnership

Wirecard, the global innovation leader for digital financial technology, has signed an MoU with UnionPay, the world’s largest card scheme, to form a global strategic... Read more »

Klarna and Henry Holland tee up to announce an exciting collaboration for London Fashion Week 2019

Klarna, the fashion sector’s payments disruptor, announces its exclusive collaboration with renowned British fashion house, ‘House of Holland’ - shaking up the runway with a... Read more »

PrePay Solutions obtains E-Money Licence from National Bank of Belgium and opens European Office in Brussels as part of Brexit planning

 PrePay Solutions (PPS), subsidiary of Edenred, the global leader in payment solutions for the working world, has... Read more »

Gresham accelerates digital transformation with Clareti Integration Studio enhancements

Gresham Technologies plc, the leading software and services company that specialises in providing real-time solutions... Read more »

Mastercard aims to boost access to cash in the UK with new retailer cashback initiative

Today Mastercard announces the introduction of a new initiative to increase the nation’s access to cash. By leveraging our technology, local shops and businesses who choose to... Read more »

Lunar Way Chooses Nets as Partner for Payments

Lunar Way is a Danish fintech company founded in 2015 with the ambition of rethinking the banking experience. It offers basic banking services through an app that has been... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel