LONDON — Postilion, a division of S1 Corp., is providing Prizm Payments of India its Postilion payments processing platform.
Prizm Payments provides secure payments services for financial institutions, retailers and service providers across multiple electronic channels.
According to a news release, rapid growth of payments in the Indian market pushed Prizm Payments to identify ways to offer innovative ATM and POS services to FIs and retailers. Prizm Payments has 43 facilities across India and is backed by a global private-equity firm Sequoia Capital.
As the provider of the world's most widely deployed open-systems payments software solution, driving more than 100,000 ATMs and 500,000 POS devices worldwide, Postilion allows Prizm Payments to better position its ATM and POS network across India.
Prizm Payments plans to introduce a comprehensive payments-services infrastructure to India that includes retail ATMs, POS services, third-party maintenance services, and prepaid card services.
"Postilion will be helping us to deliver improved ATM, POS and card services to financial institutions and retailers in the Indian market," said Loney Antony, managing director of Prizm Payments. "We understand the importance of providing customers with a reliable, high performance, innovative and secure service, and these were the key factors that motivated our choice of Postilion. We aim to differentiate ourselves by providing leading edge value-added services across all channels. Postilion's modular approach allows us to bring these new services to market faster, thus maximizing our investment."
