SixPivot’s Post

Enable banks, issuers, programme managers and tech companies to become their own card processor....... Well, 25+ years ago, that was my thought process and I couldn't understand why there so few processors for issuing and acquiring. Fast forward a few times and a few years, I remember clearly sitting in Maddox Street with David Parker looking at the payment landscape and his detailed overview of the players (issuers/programme managers/processors). What struck me was the number of issuers and programme managers was growing quickly, but the number of processors was pretty limited. Same thing in my meetings in the mid 2000's with Phil Davies, when he was at MasterCard. That meeting and David's regular updates formed the basis of a business plan that has taken me 18 years to either forget about or figure out with my fellow conspirators at www.themsl.com. Why so few processors and why aren't more banks/issuers and programme managers their own processor? It's not original by any means, I was a huge fan of RS2 in Malta in 2006, with a legendary founder Reinhold Schaeffter, thanks to Damian Mifsud and recently Episode Six (E6) with the licencing model enabling companies to become their own processor. Some hard work, some really smart tech people -Mike Muscato, Roderick Caruana, Clive Cauchi, Conor Doyle for example - (not me, I can't even tune the TV channels...) and a willingness to think outside the box. Result - we can licence or sell (including the source code) to any entity that wants to be their own processor for a fraction of the cost of providing processing as a managed service. Running at over 9000 Transactions Per Second, using the ENGIN switch from Muscato Corporation, creating multiple instances of the platform with BI and Data Lake and Compliance-as-a-service built-in. Sorry for the 'sell' in this post but it has been 18 years of a thought in my head and I am really grateful to the team for making it a reality. They have made a happy man very old, or something like that

We seek money to fill a void in ourselves that it is, in the end, incapable of filling. Follow the link to learn more. https://lnkd.in/ecrZkhK2

It’s #AmericaSavesWeek! Today, we’re focused on the easiest way to save. What is it? To #SaveAutomatically! Check out this blog post to learn how to get started! https://bit.ly/3J7LEcO #ASW2024 #FinLitMonth @AmericaSaves

🔍 Managing Receipts and Payments Made Simple with Intrinsiq 🔍 Do you find it hard to record and manage receipts or track payments from agents? With Intrinsiq, you can easily allocate payments, send reminders, and maintain cash flow—all from one place. Keep your financial health in check with us!💸📈 #SchoolChallengesVSIntrinsiqSolutions #StudyOverseas #FinancialManagement #ReceiptTracking #IntrinsiqEfficiency #EduTech #AccountsSimplified

Want to learn more about how OpenSanctions functions? Last November, our founder, Friedrich Lindenberg, was invited to present at the second annual Senzing Global User Conference. Watch as he talks about the building blocks of transparency and why when it comes to data, you should never cook with mystery meet. Thanks again to Senzing for the opportunity to be a part of such a great event. We are already looking forward to the next one. #compliance #KYC #opensource

In our series of #unpackingCRBsInUganda, today we ask, do you know what a #creditscore is? See below the meaning. Follow us for more #creditinfo #crbaugandaltd #didyouknow #didyouknowthat #thursdaythoughts.

Good catch up yesterday with a long-term pal who works in Financial Services - I think we both felt better for a chance to vent for a bit, and even though we hold different Advice specialisms, it was interesting (and re-assuring) that there are many similarities to how we feel about the future and our industry. #BetterOutThanIn

It’s Fridayyyyyyyyyyyyy! Today’s trivia: Can a bad #creditscore be improved? If you know the correct answer, please talk to us in the comments below with your answer: -True or -False. 😄😄😄 #FridayTrivia #FunFriday #CreditinfoUganda

#MiloSays It’s time to stand out from the crowd 🌟 Getting a job is a great way to earn some money, learn something new and gain a bit of financial independence, but how do you get a job if you’ve never had one before? If you want to learn how to showcase your skills, find out where to apply and how to impress your future employer, take a look at our latest blog post! https://lnkd.in/e2ssS7tA #JobApplications #PersonalDevelopment

The IL-CRA sets new standards obligating financial institutions to meet the credit needs of communities they serve, including lower-income communities & neighborhoods of color. Join the IL-CRA coalition at our upcoming roundtable to learn more: http://bit.ly/ilcra-dec6