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Bankart Partners With Diebold Nixdorf to Modernize Its Payment Processing Platform Across Southeast Europe
Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Bankart, the leading payment processing company in Slovenia and the surrounding region, is migrating its payment services by using Diebold Nixdorf’s proven Vynamic® Transaction Middleware. The cloud-native solution will drive modern payment capability for ATMs, point-of-sale (POS) terminals, e-commerce and other systems for 20 banks in six countries throughout southeast Europe.
This initiative will replace Bankart’s legacy payment processing platform (Base24) and enable greater flexibility and scalability required to develop new products and services. By leveraging Diebold Nixdorf’s low-code and API-driven technology, Bankart can more efficiently deliver broader functionality to their customers, including multi-national banks, with no operational impact and significantly reduce operational costs. This includes traditional acquirer, issuing and transaction-switching services alongside new and emerging payment types in the region.
Aleksander Kurtevski, managing director at Bankart, said: “Diebold Nixdorf’s Vynamic Transaction Middleware allows us to quickly tailor and adapt our payment processing to meet various customer needs. It enables us to provide an open and connected digital environment where payments are an integral part of our everyday lives. By utilizing a proven, multi-phased migration to implement this modern platform, disruption to our operations and customers will be minimized.”
Joe Myers, executive vice president of Global Banking at Diebold Nixdorf, said: “Our continued partnership with Bankart, and specifically this Vynamic Transaction Middleware program, exhibit our ability to create an end-to-end solution for financial institutions that modernizes the critical elements of transaction processing. This enables Bankart to easily remain compliant and agile, while creating a seamless and consistent experience for consumers, regardless of the banking channel they choose.”
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Regional Openness and the Shift to Cloud Processing
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TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management
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KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.