This Lusis Payments customer is one of the largest financial institutions in the world. The organization has over 10 million global customers covering several public and business sectors. They provide tailored banking solutions for personal, small business, commercial and cross border payments.
THE NEED: Freedom from a Constraining Legacy Payments Platform
The client's business was becoming severely constrained by their 28 year-old legacy payments system. The high cost of ownership, lengthy
development times, and soaring maintenance challenges became urgent pressures for change. The legacy software was widely utilized throughout the client's vast line of banking services. It was therefore crucial that the new solution would provide a highly extensible architecture, facilitate low-risk migration projects, and have the robustness to handle diverse and high-growth volumes.
Additional high-priority requirements included;
“We have implemented more “new” functional capabilities in the last 3 years on the TANGO platform than we have in over a decade on our previous legacy platform. It is great to be free from all the constraints.”
Lusis Continues Global Expansion with Launch of Canadian Facility
SAN FRANCISCO & PARIS — Lusis Payments, a global innovator of mission-critical payments software and data science technology, is pleased to announce its first North American support center. The new office is opening June 1st in Toronto Canada.
Lusis is best known for its TANGO solution, an online transaction processing engine for mission-critical 24x7 solutions including payments, retail, loyalty, finance, fraud, utilities, and transport. TANGO delivers performance, availability, and scalability, with a rich set of functionalities, all from a single architecture. TANGO is built on a highly performing micro-service architecture providing agile delivery for business needs. Lusis has also made significant advancements in Data Science, Artificial Intelligence, FX Trading, ISO 20022, Fraud and Blockchain.
“Lusis Payments is pleased to launch its first North American support center. The support center will be based in Toronto Canada and will be comprised of fresh talent and experienced expert engineers who are fully trained on TANGO. This will contribute to project success in local support for our production systems,” said Philippe Preval, President and CEO of Lusis Payments. "North America is now our primary market. The new support center is a major step in solidifying our footprint in North America.” Until recently, Lusis had only sales and consulting teams in North America. The addition of this facility and the team being assembled will dramatically accelerate new and current project deployments of TANGO.
“We are very happy to achieve this milestone which has been brought on by our success with North American companies. We look forward to new challenges with enthusiasm and determination," added Preval.
A host of FS firms, including three of Canada's big five - BMO, CIBC and Scotiabank - will begin rolling out support for Visa and Mastercard cards in the next few days. TD Bank and RBC are not on the list. Support for Interac debit cards will arrive next week, with American Express and Tangerine following in the summer.
All of the big banks have already signed up to Apple Pay, although CIBC is the only one to have so far also added support for Samsung Pay.
The move means that customer will be able to link multiple cards to the Android Pay app and use their NFC-enabled devices to make contactless payments instore at hundreds of thousands of shops. It can also be used for in-app purchases.
Mark O'Connell, CEO, Interac, says: "As the payment landscape evolves, we strive to offer Canadians innovative and seamless payment experiences that are fast, secure and increasingly more digital. The launch of Android Pay in Canada will give Interac debit cardholders yet another way to pay using their own money."
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