New York, NY (PRWEB) February 28, 2014
Carta Transaction Processing, a division of Carta Worldwide, announces the launch of its next generation transaction processing platform in conjunction with US-based Community Federal Savings Bank (CFSB).
The joint offering for issuing and processing will focus initially on the prepaid sector in the US market. Carta’s platform offers advanced functionality for open and closed-loop payments that will introduce a wide range of new capabilities to market including EMV chip and pin, multi-currency, virtual transaction processing. In addition, clients will benefit from Carta’s leading suite of mobile services including the recently announced Host Card Emulation (HCE) solution for NFC payments.
Carta CEO Brian Semkiw commented, "We have had a significant demand from US Program Managers to access Carta's innovative processing platform. We look forward to entering the American market in partnership with a progressive Financial Institution like CFSB."
Carta CTO Rui Mendes added, "Carta has achieved many world firsts with our European and Middle East programs, including most recently, the first processor to process, live, commercial open loop Host Card Emulation transactions and we very much look forward to bringing our solutions to the United States."
Rob MacColl, Managing Director of CFSB Merchant Services and Payments noted, “CFSB MSP is focused on delivering sophisticated payment services to our business customers. A great example is this new relationship with Carta, where we bring an innovative suite of tools for our customers to offer prepaid with advanced mobile and EMV transactions in a world of rapidly changing acceptance schemes.”
For over 14 years Community Federal Savings Bank (“CFSB”), based in mid-town Manhattan, has focused on providing superior service to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, and internet banking. CFSB Merchant Services and Payments, a division of CFSB, provides innovative and customized payment solutions to its small business, technology, and merchant clients.
Carta provides breakthrough transaction solutions that enable Banks, Mobile Network Operators, Merchants and Program Managers to accelerate the development of their transaction initiatives. Carta provides reliable, secure, and flexible products to their clients.