25 September 2024 – Paymentology, the leading global issuer processor, today announces its strategic partnership with ViaCarte, the user-friendly, customisable payment platform and issuer. This collaboration is set to revolutionise payments across Latin America and the Caribbean (LAC) by providing next-generation card issuance and processing solutions.
Both Paymentology and ViaCarte are well-known for their innovative payment solutions that offer access to global card programmes. Paymentology provides banks, fintechs, and telcos with the latest technology, expert teams, and vast experience to seamlessly issue and process any type of physical or virtual card, including prepaid, debit, credit, multi-currency, Buy Now Pay Later (BNPL), or revolving credit. These services are scalable and available anywhere in the world.
ViaCarte is known for its secure and bespoke payment solutions, supporting transactions in over 135 currencies across 111 countries via scheme networks. The company provides white-label card, e-wallets and benefit programmes for institutions and individuals. Cards can be customised to match a company’s colour, brand or style. The company differentiates itself with its high card limits, hybrid card technology, cybersecurity options and extensive loyalty benefits and discounts program with 350,000 retailers. Other services that ViaCarte provides include physical bank accounts (IBANs), crypto-fiat exchange, crypto loans, payroll and remittance payment services.
With a strong presence in the Caribbean and Latin America (LAC), ViaCarte has attracted some of the region’s largest institutions as clients, making it the ideal partner for Paymentology.
Together, Paymentology and ViaCarte will significantly increase card issuance in the LAC region, with ViaCarte acting as the BIN sponsoring institution. Clients can enjoy prepaid cards with high card limits (up to USD $500,000 on a single card), hybrid functionality (prepaid cards with superior features and the wider acceptance rates of credit cards), extensive loyalty benefits – such as cashback rewards and discounts on travel and retail purchases – and the option to add Identicate ™ privacy protection, which was built together with cybersecurity giant Norton and global insurer Lloyds of London, to protect cardholders against theft, fraud or data loss online.
This collaboration offers an all-in-one solution, including BIN sponsorship and a user-friendly dashboard, which simplifies the journey for small and medium-sized financial institutions and enterprises (SMEs) to launch their own card programmes. Clients can go to market exceptionally fast and cost-effectively thanks to the combined expertise of Paymentology and ViaCarte.
Alejandro Del Rio, Regional Director for LAC at Paymentology commented: "We are thrilled to partner with ViaCarte to bring card issuance and processing solutions to even more clients across Latin America and the Caribbean in a speedy and affordable way. This collaboration shows our commitment to empowering businesses of all sizes with the tools they need to win in today's fast-paced financial ecosystem.”
Eleuren Mendez, Director of Risk and Compliance at ViaCarte, added: "By joining forces with Paymentology, we are confident that we can deliver more value to our clients in the LAC region. Our secure, scalable, and customisable payment solutions fulfill the needs of any business looking to launch or expand their card programmes."