South Africa-based Nedbank has selected Volante Technologies’ VolPay Foundation platform to modernize its payment infrastructure to support new services and newly mandated instruments including Authenticated Collections in South Africa.
Under the deal, Bytes Universal Systems – the South African partner of Volante Technologies – will be responsible for the deployment of VolPay Foundation, an optimised platform for the development of financial payment message integration, validation and processing.
Volante claims that its VolPay Foundation accelerates many of the required development processes through automatic code and documentation generation and inbuilt testing.
The platform also includes validation and conversion logic, predefined functions, mapping tools and pre-built transformations.
Glenn Smith, divisional executive of Nedbank Group Technology’s Mobile, E-Commerce & Payments Division, said that the organisation embarked on a strategic programme to transform its payment infrastructure with a view to further enhancing its customer service. The objective is to ensure the highest levels of processing agility and efficiency while accelerating Nedbank’s support for new clearing standards and new digital payment services.
"A key part of this new infrastructure is our Gateway architecture, which addresses the integration needs of all of our customer channels, clearing networks, and internal systems with our core payment processing service.
"By using the combination of Volante’s technology and Bytes’ expertise, we have every confidence that we will meet our customers’ ongoing demands for new products and services quickly and efficiently, while also remaining compliant with new regulation," Smith said.