Novum looked for a partner that is reliable and had the expertise to match our long term business vision
Toronto, Canada and Taunus, Germany (PRWEB) March 31, 2014
Next-generation transaction technology provider Carta Worldwide announced today that Germany’s Novum Bank is now live on Carta’s processing platform. Carta is providing Novum with a fully configurable and customizable platform that delivers unparalleled efficiency, stability and security.
As of April 1st, Novum Bank has switched its entire prepaid card portfolio over to Carta's next-gen global transaction processor. Traditionally the process of migrating an entire card portfolio to a new processor would require significant time and cost. However with Carta’s technology, Novum completed the processor transition seamlessly within a week with no service disruption for cardholders, who are able to retain existing plastics.
Novum Bank CEO Michael Warrington noted, “Novum Bank selected Carta Worldwide after an intensive selection process because it felt that Carta could service its growing business requirements. Novum looked for a partner that is reliable and had the expertise to match our long term business vision.”
Carta CEO Brian Semkiw commented, "Novum is a very important client for us. The speed with which Novum and Carta were able to migrate from a legacy processor – to complete this entire process in days – is far from standard in the industry. We look forward to continuing to deliver market leading solutions with Novum, along with technology innovation for the next wave of mobile and digital payment products."
Carta’s platform has been engineered to leverage its clients’ existing infrastructure and evolve to meet the complexities of modern payment applications. This platform architecture is both mobile and digital transaction ready. Carta’s future-proof functionality enables ongoing program innovation for Novum Bank.
About Novum Bank
Novum Bank provides transparent and simple Cards and Stored Value solutions to the new generation in Europe. Novum holds a full banking license (incl. eMoney License) registered and regulated by the Malta Financial Services Authority (MFSA) and passported into the EU/EEA countries. Novum Bank has a principal membership with MasterCard to issue any product from the MasterCard set of products. At the heart of the Novum brand are innovation and doing things “the new way”.
About Carta Worldwide
Carta provides breakthrough transaction solutions that enable Program Managers, Banks, Mobile Network Operators and Merchants to accelerate the development of their transaction initiatives, giving our clients the advantage. As an innovation leader in the traditional and mobile payment industries, Carta is dedicated to providing reliable, secure, and flexible products to our clients.