Leading research firm praises BPC’s market impact and execution capabilities
BPC Banking Technologies, the leading provider of Open System payment solutions for the global financial industry, announced today that it had been recognized for its technology, market impact and strong execution by Ovum, a global analyst firm, in its new report, “Ovum Decision Matrix: Selecting an Electronic Retail Payment Switch Platform.” The report provides a reference guide for payment providers by profiling the leading platforms, evaluating and ranking their capabilities against 17 criteria in 3 main areas - market impact, technology and execution.
SmartVista achieved the highest rating in the technology section overall and ranked first in four of the six sub criteria, including architecture, roadmap, upgrade management and multi-region support. Across the entire 17 criteria used in the evaluation, SmartVista achieved a number one ranking in 8 and a top 3 ranking in 13.
Of particular note is how strongly SmartVista aligns with the key findings of the report, including that platform configurability is a key consideration and how the rise of payment hub technology is changing the expectations of enterprise retail payment switch users. As noted in the report, newer platforms such as SmartVista provide enterprise users with a strong level of configurability and flexibility, and as they continue to gain on the major incumbent providers and win clients, their visibility and impact on the market will continue to grow.
“SmartVista is a very strong platform that is likely to emerge as a market leader in the near future. It can process higher ATM and POS transactions than competing platforms. It offers a strong level of migration support to clients. BPC is a very strong contender for consideration by companies of all sizes,” said Gilles Ubaghs, senior analyst, financial services technology, Ovum.
SmartVista is a scalable, secure and integrated suite of sophisticated applications covering every aspect of electronic payments processing, including high performance authorization switching and routing, full ATM and POS management, card management, real-time fraud prevention, loyalty program definition and management, merchant management, card personalization and production.
“Our customer base has grown by 1,300% over the last 11 years and today we have 120 customers in 40 countries, so we know that our customers value the benefits that SmartVista brings. We are delighted to that Ovum recognizes our vision, focus on customer success and the benefits SmartVista delivers every day for over 150 million cardholders”, adds Daragh O’Byrne, CMO, BPC Banking Technologies.