Stanchion Payments: Bridging the Gap Between Legacy and Modern Payment Technologies in the Middle East
Stanchion Payments, a leading payment systems integrator, has been a key player in the Middle East’s banking sector for over a decade. With a strong presence in the region, the company supports more than 15 banks, helping them integrate their payment systems and adopt new, innovative payment methods.
At the recent Seamless conference, they had the opportunity to showcase their work and highlight how we are revolutionizing the payment landscape in the Middle East. their primary focus is on bridging the gap between legacy payment technologies and the new payment methods emerging in the market.
One of the key areas where thye excel is in enabling Buy Now, Pay Later (BNPL) services. We assist banks in quickly integrating these services, providing their customers with flexible payment options. Additionally, we support alternative payment methods such as AliPay, WeChatPay, and QR code-based payments, ensuring that banks can offer a wide range of payment options to their clients.
Their platform is designed to work alongside the bank’s existing payment systems without directly impacting the payment switch. This approach significantly de-risks projects for banks, allowing them to adopt new technologies with confidence.
In addition to payment integration. they also provide banks with advanced fraud management solutions. Their AI-based fraud management systems help banks address various types of payment fraud, ensuring the security and integrity of their payment networks.
One of the emerging trends they are witnessing is the convergence of cybersecurity and fraud management within banks. By supporting banks with a single platform that addresses both cybersecurity and fraud management, we enable them to tackle fraud more effectively and efficiently.
Stanchion Payments remains committed to driving innovation in the payment sector, supporting banks in the Middle East to stay ahead of the curve. As we continue to evolve and expand our services, we look forward to helping more banks navigate the complex landscape of modern payment technologies.
