NCR Atleos Corporation (NYSE: NATL) (“Atleos”) has announced a new agreement with Bank Pekao S.A. The bank has selected the Atleos Authentic™ payment switching platform. The selection forms part of its strategy to modernize card payment processing infrastructure. NCR Atleos continues to expand self-service financial access for financial institutions, retailers, and consumers. Meanwhile, Bank Pekao S.A. ranks among the largest financial institutions in Central and Eastern Europe.
Under the agreement, Atleos will provide its Authentic switch platform to Bank Pekao S.A. The platform will support the bank’s card payment processing operations. It will also support future innovation goals of the bank. The implementation will enable Bank Pekao to modernize its card payments infrastructure. The platform will also provide a scalable platform for future growth. It will also support the changing customer needs across the bank’s payment operations.
The deal is indicative of the increasing focus by financial institutions on modern payment infrastructure. Banks are on the lookout for scalable systems that can accommodate changing payment needs. They also want platforms that can enable operational efficiency and resilience.
“As one of the leading financial institutions in Central and Eastern Europe, we are continuously investing in technologies that enhance efficiency, resilience and innovation across our operations,” said Maciej Jopyk, CIO/head of IT, Bank Pekao S.A. “After a comprehensive evaluation process, we selected the Authentic platform because of its proven capabilities, flexibility and strong track record supporting payment modernization initiatives at financial institutions around the world. We look forward to working with Atleos to advance our infrastructure strategy and support future growth.”
Authentic Platform Targets Modern Card Payment Needs
Bank Pekao S.A. has joined the group of financial institutions using the Authentic platform. They depend on the platform to support mission critical card payment processing environments. Authentic platform helps financial institutions modernize legacy infrastructure. It also enables more streamlined payment operations. The platform can also help institutions to get new payment services to market faster.
Legacy payment systems can be a challenge for financial institutions. Such challenges can impact the scalability, operational efficiency, and innovation of services. Modern payment switching platforms therefore can provide an important technology foundation. NCR Atleos is helping to power this modernization effort with the Authentic platform. The solution provides Bank Pekao with a scalable way to process card payments. It also fits with the bank’s longer-term infrastructure strategy.
The partnership additionally emphasizes the role payment technology plays in the greater banking modernization. Financial institutions are still investing in systems that can grow and adapt to the changing demands of the marketplace. They are also looking for infrastructure to support reliable payment operations.
“This agreement with Bank Pekao S.A. represents an important milestone for Atleos and further demonstrates Authentic leadership in helping financial institutions modernize complex payments environments,” said Bartłomiej Śliwa, Area Vice President, Central and Eastern Europe, Global Sales, for Atleos. “As one of the most respected banking brands in the region, Bank Pekao S.A. provides an outstanding example for organizations pursuing similar transformation initiatives. We are proud to support the bank’s modernization strategy and look forward to delivering a successful implementation that creates long-term value.”
NCR Atleos Expands Presence in Central and Eastern Europe
The deal also reinforces NCR Atleos’ presence in Central and Eastern Europe. It also underscores the increasing need for modern payment processing platforms in the region. Legacy payment processing systems continue to be reviewed by financial institutions. Many organizations are looking for modern platforms to help drive future innovation. They also need scalable technology to respond to changing customer expectations.
This agreement with Bank Pekao fits this wider industry trend. It places payment modernization at the heart of the bank’s infrastructure strategy. And expands the role of Authentic in the financial services marketplace. The platform will be used for continuous operations of card payment processing for Bank Pekao S.A. It will also open the door for future innovation. This means the bank can begin to modernize its infrastructure, while also laying the groundwork for future payment needs.”
The deal is another step in NCR Atleos’ efforts to expand its payment technology footprint. The company will support Bank Pekao S.A. in developing its infrastructure strategy. The partnership also extends the platform’s reach among global financial institutions. The agreement, brief, ties modernization of payment processing to the development of long-term banking infrastructure. It also reflects the continued demand for scalable payment technology across financial services. Atleos will be supporting Bank Pekao S.A. on its journey of modernization with the Authentic platform.
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News Source: Businesswire.com
