Quatrro launches integrated processing services with VeriFone's PAYware CMS

Comtex News Network

Jan 25, 2013 (Datamonitor via COMTEX) --Quatrro Inc, a business services company, has launched integrated processing services that will support card and mobile payments by leveraging VeriFone's PAYware CMS, or card management system, to offer issuing and acquiring services for banks, card issuers and merchant acquirers for all payment types.

The benefits of Quatrro's Processing Services include speed of implementation, ease of configuration at a minimal set-up cost, ease and speed of any change and modification and global operations, the company said.

The full suite of processing services is compliant with the latest payment standards and requirements mandated by the CARD Act, EMV, PCI-DSS and will be available for credit card, debit card, prepaid, corporate/commercial cards, mobile payments and private label cards. Hosted on VeriFone's PAYware CMS platform, the processing services will be configured and tailor made for mid-market financial institutions including credit unions, banks and also merchants.

"Quatrro's service offering will be path breaking as it provides access to off-the-shelf processing services that support launch of innovative products and services for the card issuers with quick turnaround times that were not available on a plug and play basis till now" said Raman Roy Chairman & CEO of Quatrro Inc.

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