The new era of transaction switching
With the increasing number of payment channels and methods, the complexity of transaction switching software is ever growing. Aspects like reliability, performance, low latency, resilience and security have become qualifiers rather than differentiators....Read More
21st century Payments-Why evolution is just not good enough!
The history of payment system products since the 1980s is one of gradual evolution. There have been few radical changes. Instead, products saw incremental enhancement over time, with many products all built on core code that was written in the 1980s and 1990s. Products like BASE24, Postilion, BASE24-eps and OPEN/2...Read More
Applying the brakes to the runaway train of technical debt
In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the whole edifice came tumbling down.Now commentators are asking whether any lessons have really been learned as consumer debt in some western economies st...Read More
The Payments Switch - A Complex Fabric of Business and Technology
Payments switch is a complex fabric of functionality and technology, intricately woven to provide a solid platform. With the intent to deliver high throughput & resilience to the ever-changing field of payments services. From a bird’s eye view, it might seem as if payments switch is a generic platform used to transform...Read More
Your options: Contactless? Sorry. Pin? Not today Cash? There isn’t any
There is an old joke that bus conductors have to accept stamps as legal tender. True? No, funnily enough. What is worrying, though, is that at some point soon this joke might be put to the test. Jim Tomaney, Renovite's chief operating officer writes....Read More
Outages for companies like Monzo don’t have to keep happening. Here’s why.
Over the last 12-months, several high-profile FinTechs and challenger banks have experienced multiple outages for cards processing, leading to reputational damage, anxious tweets, irritated customers, and potentially, lost revenue....Read More
Reno-Cloud: Enabling Innovation and Transformation with 21st Century Payments Technology
We are happy to announce we have published the next instalment of our video-illustration series, Reno-Cloud, which examines how we are using modern payments technology to bring positive change to the banking and payments industry....Read More