Global Payments and Amazon Web Services (AWS) have signed a multi-year collaboration agreement.
Global Payments will rely on AWS as its preferred cloud provider for issuer processing. It will also use a range of AWS services, including storage, security, analytics and machine learning.
Global Payments says its cloud-based issuer processing platform will allow firms to “seamlessly operate” their card issuance.
The two firms say they will “explore additional opportunities for collaboration on innovative payments products”.
Jeff Sloan, chief executive officer of Global Payments, says the new partnership will give clients a greater time to market.
“By strategically partnering with AWS, we can capitalise on the fintech and open banking movement [and] further expand our role in technology innovation.”
Last year Global Payments announced its $21.5 billion merger with technology firm TSYS. The firm has not said whether TSYS systems will be shifted to the Amazon cloud.
Andy Jassy, CEO of AWS, says the two firms will “simplify commerce”, making it easier for clients to focus on innovation and growth.
He adds: “We look forward to working with Global Payments to bring payment issuer solutions to new geographic regions and more customers throughout the world.”
via FinTech Futures – https://bit.ly/3a4Suxp