Posts Tagged ‘PaySett Corporation’

PaySett Corporation expands its payments partnership with the Barbados Automated Clearing House Services Inc. (BACHSI)

The real time payments (RTP) solution PayExpedite® will complement the current electronic payments ecosystem to allow for the creation of new payment services in Barbados.

ATLANTA and BRIDGETOWN, Barbados, April 26, 2023 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation, a global provider of payment solutions, and BACHSI announced today the launch of the new RTP platform based on the ISO 20022 messaging standard.

Natalie Garraway, immediate past chairman (2020-2022) and current deputy chair (2023) commented, “We are elated to have this platform launched in Barbados. This system will be integral in our digital journey as a country as it offers speed, convenience, and reliability. We are grateful to PaySett for partnering with us (BACHSI) to provide such a solution that covers all those key areas that our citizens and customers have been eagerly requesting in a banking solution.”

Jesus Garcia, VP of Business Development, added, “Our market proven PayExpedite® solution will integrate seamlessly into the Barbados payments ecosystem to serve the government of Barbados’ plans to reduce (and longer term eliminate) the number of cash and cheque transactions while reducing the costs of these traditional payment methods. Each participating financial institution will have at its disposal a robust real time payments platform capable of supporting new service offerings such as emergency payments, P2P payments, digital wallets, eCommerce, and others. The ease, speed, and security capabilities of the PayExpedite® platform will facilitate the country’s transition to a more digital economy.”

These same financial institutions will be able to process consumer, corporate and government payments in real time through a multitude of banking channels. PaySett’s PayExpedite® product has been deployed across multiple countries offering regional financial institutions the opportunity to manage real time payments across their entire geographical market.

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities. Twelve of the top twenty global banks process payments through PaySett software.

Natalie Garraway, Deputy Chairman, BACHSI Barbados.

Logo - https://mma.prnewswire.com/media/2062833/PaySett_Corporation_Logo.jpg
Photo - https://mma.prnewswire.com/media/2062834/PaySett_Natalie_Garraway_Deputy_Chairman_BACHSI.jpg

Click Here for More Information »

PaySett Corporation continues its global expansion of real time payments

The real time payments (RTP) solution PayExpedite® will become the foundation for the modernization of the automated clearing house in El Salvador.

ATLANTA and SAN SALVADOR, El Salvador, June 5, 2019 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation a global provider of Payment solutions along with ACH El Salvador announced today the start of the implementation of the PayExpedite® RTP platform based on the  ISO 20022 standard.

www.paysett.com

Laura Bowen the head of Treasury and Trade Solutions at Citi commented “For over 55 years we have been a trusted ally of our customers supporting their initiatives and entrepreneurship. As a member of the El Salvador financial system we are focused on modernizing the ACH in order to bring a better service to our customers”.

Jesus Garcia VP of Business Development added “The ease, speed, and security provided by a proven solution like PayExpedite® allows a financial entity to accommodate the future needs of the financial system while driving down costs of traditional payment methods such as cash and checks.”

“The ACH will evolve over the next several months into a more efficient system for the Salvadorians and businesses via the country’s interbank immediate funds transfer and payments system. This will be the path toward more mature and robust services of the payments system that we have been proposing” indicated Roberto Monterrosa, General Manager of ACH El Salvador.

Participants will be able to process consumer, corporate and government payments in real time through a multitude of banking channels.

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities.  Sixteen of the top twenty global banks process payments through PaySett software.

Click Here for More Information »