Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages and payments, today announced the signing of a partnership agreement with Payfessional. The partnership will see Volante’s VolPay suite of payment integration and processing products delivered to the Turkish and regional financial markets.
Payfessional is an Istanbul-based firm that specializes in the business of developing and implementing electronic payment processing solutions to businesses across the financial industry. With Volante’s VolPay suite, currently comprised of three products, Payfessional will be able to offer a range of solutions to its clients. VolPay Foundation will help its clients in the region to meet both local and international payment flow integration requirements and adopt new or changing payment financial message standards. VolPay Channel will enable banks to on-board corporate payment flows quickly and significantly reduce time to revenue. VolPay Hub will enable faster take-on, processing and orchestration of new payment flows and allow real time, centralized control and visibility of payments and cash management. The VolPay suite of products ultimately enables firms to reduce payment integration project costs and timescales while increasing business agility to take advantage of new business opportunities as they arise. Additionally, a quick response to changes in the market caused by regulatory and message standards updates and legislation is delivered.
Volante’s products include access to a growing and continuously maintained library of more than 330 international and domestic message standards plugins and bidirectional and customizable transformations.
Sertaç Özinal, President, Payfessional, commented, “Through our partnership with Volante, our clients will benefit by having access to a time-proven suite of payment products. In initial meetings with our customer base and prospects, we have seen that Volante’s technology addresses a number of headaches they have in regards to payment processing and integration, and specifically with regards to on-boarding corporates and new payment channels. By using VolPay Channel, clients benefiting from our partnership will be able to ease the complexity and time taken for on-boarding in order to focus on the demands of their customers and realize more commercial opportunities than ever before. We believe that Volante’s VolPay suite of products has fantastic potential to meet the payment solution needs of the region and we look forward to working with Volante.”
Allan Spalding, EMEA Partners Director, Volante Technologies, commented, “Istanbul is a young, fast-growing financial hub, and as a result banks might not have the usual challenges of dealing with legacy systems that need updating. However, as we have seen with other financial markets across the globe, firms in the region must still contend with new and ever-changing payment messages, formats and channels. By partnering with Payfessional, we will have additional local expertise so in-house teams can reduce project implementation times and bring new services to market quicker. We are delighted to partner with Payfessional and continue to offer Volante’s trusted products, used by some of the largest financial institutions in the world, to an exciting and fast-growing market.”