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Fintech & Ecommerce

Amazon enters into partnership with US payment technology provider

Aug 06, 2020

They aim to provide a cloud-based issuer processing platform to financial institutions worldwide

Amazon Global Payments

Amazon enters into partnership with US payment technology provider. Source:?shutterstock.com

Amazon and Global Payments have announced a new, multi-year collaboration agreement?to transform the Global Payments’ core issuing platform.

Their partnership will help Global Payments to deliver secure and innovative solutions for the payment industry at scale.

The company will rely on AWS as its preferred cloud provider for issuer processing. It will also use a range of AWS services, including storage, compute, database, security, analytics, and machine learning. All of that is expected to enable new cloud-based services, and enhance customer experiences for its clients and their cardholders.

We are excited to enter into this collaboration with AWS, which enables us to offer our solutions to institutions regardless of size, location, or processing preference. The new platform’s cloud-based architecture will give clients the ability to use the services they need with greater speed-to-market, flexibility, and best-in-class experiences for our customers and their cardholders. By strategically partnering with AWS, we can capitalize on the fintech and open banking movement, further expand our role in technology innovation, leapfrog existing distribution models and solidify our position as a leading provider of technology solutions for financial institutions, new market entrants, and retailers across the globe
Jeff Sloan, Chief Executive Officer, Global Payments

We’ve reported that Amazon?has announced?the general availability of Amazon Fraud Detector. That’s a fully managed service that allows customers to quickly identify potentially fraudulent online activities.

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