Morrisons, the UK’s fourth largest retailer, has chosen the S1 Retail Payments solution for all card payment processing originating in its stores and fuel filling stations, which are located at more than 380 sites. The S1 solution will acquire, process, and consolidate card payment transactions originating from over 12,000 points-of-sale (POS). The selection of S1 is part of Morrisons’ major IT investment programme, which involves upgrading its systems to a modern, open architecture.
When considering options for the new payments solution, Morrisons looked for a system that could process millions of transactions a month reliably and securely, as well as integrate seamlessly with other best-of-breed components and comply with the necessary EMV and Payment Card Industry Data Security Standard (PCI DSS) mandates. After an extensive evaluation process, Morrisons chose the S1 Retail Payments solution because it demonstrated that it could meet all these demands.
S1’s multi-channel payments architecture will enable Morrisons to migrate existing disparate payments channels – for in-store tills, self check-out, cafés and dry cleaning, as well as fuel filling stations and unattended fuel payments – into a single, consolidated environment. The solution is currently being rolled out nationally, with the first store already live in Guisborough, Yorkshire.
“When selecting new suppliers for our IT transformation programme, we looked for financially healthy and stable market leaders with a track record of comparable and established installations globally,” said Gary Barr, IT director, Morrisons. “We thoroughly evaluated S1 alongside other organisations, and found that they not only offered proven software solutions, but also met all our requirements for a long-term relationship.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more