CaribPR Wire

The real time payments (RTP) solution PayExpedite^® will further expand the financial institution’s payment capabilities in Barbados under the Amazon Web Services (AWS) platform.

ATLANTA and BRIDGETOWN, Barbados, Oct. 24, 2023 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation a global provider of payment solutions and Sagicor Bank (Barbados) announced today the launch of the bank’s new real time payments service based on the ISO 20022 messaging standard running under the AWS platform.

George Thomas, CEO of Sagicor Bank (Barbados) stated, “As the region’s first digital bank, we are duty bound to work with our partners to ensure that their technology posture is robust, modern, and forward-thinking. We partnered with PaySett to future proof their solution and as such we worked with them to certify their platform in the cloud. This is a mutually beneficial and monumental achievement which is the first of its kind in the anglophone Caribbean.”

Jesus Garcia VP of Business Development at PaySett Corporation added, “The Sagicor Bank real time payments implementation with our market proven PayExpedite^® solution demonstrates the product’s flexibility to adapt to different operating environments of our customers while at the same time providing seamless integration with Sagicor Bank’s core banking system and origination channels, as well as the local clearing house. Our research indicates that over the coming years regional financial institutions will be looking to move some of their infrastructure to cloud platforms such as AWS in order to streamline operations and reduce costs. We are delighted to support these efforts. Additionally Sagicor Bank’s future electronic payment offerings will be backed by a world class payments engine that will complement the bank’s future strategy and is capable of supporting different types of payment services including P2P, digital wallets, eCommerce, and others for consumers, businesses, and government institutions.”

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services that allow global financial institutions  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 institutions with the capability to enhance their regional and global payment network processing capabilities. Twelve of the top twenty global financial institutions process payments through PaySett software.

About Sagicor Bank (Barbados)

Sagicor Bank (Barbados) is a dynamic digital financial institution offering commercial banking services to personal and business clients. We provide unmatched benefits and convenience to clients in our portfolio supported by a diversely skilled team located in Barbados. We are leading the digital banking revolution by boldly presenting banking options that are easy-to-get, simple-to-use, safe and secure and rewarding. Find out more by visiting www.sagicor.bank, Instagram, Facebook, LinkedIn, Twitter or YouTube.

Sagicor Bank is a wholly-owned subsidiary of Sagicor Financial Company. Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider in the Caribbean, with over 180 years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados. Additional information about Sagicor can be obtained by visiting www.sagicor.com

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ATLANTA and PORT OF SPAIN, Trinidad and Tobago, Aug. 10, 2021 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation a global provider of ePayment solutions and Republic Financial Holdings Limited (RFHL) announced today an expansion of their partnership to include RFHL’s subsidiaries in the Eastern Caribbean and Sint Maarten. The partnership is expected to continue to increase electronic payments adoption in the region.

PaySett’s CEO Benny Cooley commented, “Global and Regional financial institutions like RFHL are leading the way in financial services by standardizing payment software processing across multiple regions.  PaySett provides software products PayBank^® and PayCorp^® to standardize electronic payment processing for regional banks utilizing the bank’s own internal cloud infrastructure environment. This allows a financial institution to better manage operational costs and to streamline the movement of money throughout its organization for their clients.”  PayBank^® and PayCorp^® are part of a suite of products from PaySett that allows for the processing of consumer, corporate, and government payments in a real time or batch environments. According to Mr. Cooley, “We have been collaborating with RFHL for over a decade bringing innovation to the payments space and we are very excited about further collaboration in the Caribbean region.”

Nigel M. Baptiste, President of Republic Financial Holdings Limited stated that “PaySett’s suite of products will provide the wider RFHL Group with a world class, secure, payment processing infrastructure which will enhance the speed and efficiency of our service to our many clients, including those in the Eastern Caribbean and Sint Maarten.”

About PaySett Corporation

Atlanta, Georgia based PaySett Corporation is a global provider of payment software solutions in twenty countries. 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 advanced 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.

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ATLANTA and PORT OF SPAIN, Trinidad and Tobago, July 17, 2019 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation, a global provider of ePayment solutions and JMMB Group, announced today an expansion of their partnership to continue to drive up electronic payments adoption in the Caribbean region.

Jesus Garcia, VP of Business Development, commented, “Regional financial institutions like JMMB rely on PayBank^® to process a large volume of electronic payments from multiple banking channels which creates efficiencies that reduce operational costs while providing more innovative services to their customer base.”  PayBank’s robust feature set and adaptability across payment systems in many different countries allows global and regional banks to standardize their payment processing in a global environment. These capabilities allow for fast deployment of new payment innovations on a global basis.  PayBank^® is part of a suite of products from PaySett that allows for the processing of both consumer and corporate payments in a real time or batch environment.  Mr. Garcia further commented, “For over a decade, JMMB has relied on PaySett’s solutions for their payment processing needs and we look forward to further collaboration in the region.”

Lisa-Maria Alexander, Chief Marketing Officer at JMMB Group also commented, “We are really pleased to partner with PaySett in bringing increased efficiency and innovation to our clients here in Trinidad & Tobago.”

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.  Fifteen of the top twenty global banks process payments through PaySett software.