Global payment solutions provider, Yalamanchili, has received Visa Europe certification, establishing the organisation as a validated service provider able to offer payment processing solutions to card issuers and programme managers operating on the Visa Europe payment scheme.
Following the company's European launch in May, the certification received from Visa Europe is further confirmation of Yalamanchili's service capabilities and compliments the Visa network certifications the company has long held in other regions around the world.
Chris Ellis, President - Europe, Yalamanchili, comments: "The certification from Visa Europe is a significant milestone in Yalamanchili's development in the region and reaffirms to the market that Yalamanchili is a strong new player committed to delivering European payment processing solutions for the long term. I'm pleased to say that we are already in advanced discussions with a number of organisations regarding our processing solutions utilising the Visa Europe scheme."
The certification, which delivers greater choice and flexibility for Yalamanchili's clients, enables the organisation to provide fully outsourced Visa Europe compliant solutions including prepaid, debit, credit and commercial credit product offerings. Yalamanchili's clients benefit from its strength in innovation together with its global capabilities and experience. These are the attributes which led to Yalamanchili becoming the first processor ever to offer the issuance of multiple currencies on a single FX card.
Yalamanchili provides retail banks, card programme managers and their corporate customers with the tools and services needed to create and manage their own card products liberated from the constraints of the legacy platform, traditional processor model. This approach dramatically reduces the cost and lead time required to bring a card product to market and places far greater control and product flexibility in the hands of both issuers and programme managers throughout the lifecycle of the product.
Yalamanchili's payments processing solutions are in worldwide use across a wide range of sectors, including retail, banking, transit, corporate, government and healthcare.