SIA, the leading European hi-tech company in the payment services and infrastructures sector, has signed a strategic partnership with HPS, a leading payment software company, to increase its card payments processing in Greece and other European countries through an innovative digital platform.
The agreement sees HPS’ “PowerCARD” solution enabling SIA to process all the different types of credit, debit and prepaid card transactions for its banks and financial clients on a single integrated platform in a faster, more secure and efficient way, also contributing to reduce transaction costs and mitigate operating risks. SIA currently processes 7.2 billion issuing and acquiring card transactions and handles over 84 million payment cards in 23 European countries.
Furthermore, HPS plans to create a dedicated PowerCARD “Centre of Excellence” in Athens to exclusively support SIA in the development and implementation of all payment cards initiatives in Greece. At the same time, the PowerCARD platform will be fully managed by New SIA Greece with the backing of a specialized team.
“Moving into an ever more digital age, we have seen an increased demand for card payments to be processed with the highest levels of performance. For this reason, SIA explored the market to find the most innovative solution to face the challenges coming from this transformation. SIA chose the HPS PowerCARD to meet the various needs of our clients and implement a leading edge cards payments processing platform. We believe HPS is the right partner who can support us as we seek to grow our business in Greece and across Europe”, commented Daniele Savarè, Innovation & Business Solutions Director, SIA.
"We’re delighted that SIA has selected HPS’ PowerCARD platform to power their processing business focusing particularly in Greece and other European countries. Because of its open architecture and extensive API library the digital PowerCARD platform will enable them to deliver a first-rate payments processing service to their clients, using the latest payments technology” said Philippe Vigand, Managing Director at HPS.