Diebold announced that it has implemented its relatively new debit card processing solution with one of the largest global banks. (Apparently the bank didn’t want to lend its brand to the announcement as the name of bank wasn’t included in the announcement).
What is known is that the implementation of the debit solution, part of Diebold’s Vynamic Payments solution suite will coordinate debit activity on the bank’s millions of cards across thousands of branches and tens of thousands of ATMs. Here’s more from the announcement:
As consumer banking becomes increasingly digital, Diebold Nixdorf sought to re-envision payments processing as a key business enabler. Leveraging a cloud-native, microservice architecture and consolidating multiple channels to a single platform unlocks a range of benefits, including: continuous integration and deployment, rapid introduction of new features and payment types, and highly efficient processing at scale. These capabilities from Diebold Nixdorf underpin new consumer functions, including transaction automation and omnichannel connectivity, such as mobile-to-ATM and teller-to-ATM capability. This enables the financial institution to build seamless consumer journeys, regardless of the banking channel, while providing a consistent and personalized user experience for its global clients.
Gerrard Schmid, president and chief executive officer at Diebold Nixdorf, said: “It’s a pleasure to partner with such an innovative, global financial institution to define the future of payments software. Together, we are deploying a solution that provides massive gains in development time to market, processing speed and business agility, utilizing a robust, scalable and cloud-native architecture. This partnership and others, like our recent announcement with America First Credit Union, illustrate how Vynamic Payments delivers a next-generation solution that powers the ongoing digitization of consumer banking.”
Overview by Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group