Quatrro Processing, an India-based service provider to payment processing industry worldwide, has formed strategic partnership with US-based Atlantic-Pacific Processing Systems to offer card processing services to issuers and acquirers.
Through this deal, the companies will jointly offer cost-effective platforms to enhance card acceptance for merchants and merchant acquiring services to small and medium financial institutions such as community banks and credit unions.
Both the firms will leverage their service offerings to offer tailored solutions to small and medium financial institutions, which were earlier, typically reserved for much larger organizations.
Their combined services will not only include new technology but EMV readiness and compliance standards such as PCI DSS Version 3.1.
Quatrro Processing said that their joint offering will not only be beneficial to the financial institutions but also to their end customers who will benefit from receiving more value-added services from their credit unions or community banks.