By Toyosi Olajide
Interswitch, Africa’s leading integrated payments and digital commerce company has launched new products in its commitment for enhancing simple and secured payment system.
The launch which held over the weekend saw the company unveil products such as enhanced Biometrics features for Point of Sales (POS) terminals and Automated Teller Machines (ATMs); Tokenisation and Card Fusion, aimed at addressing digital payment fraud and card issuance and portfolio management issues.
Speaking on the programme, Managing Director, Payment Processing & Switching (Interswitch Purepay), Akeem Lawal, stated that the company won’t stop building cutting-edge solutions to enhance business development and provide seamless payment solutions to customers across the continent.
He said: “Interswitch is redefining the payment landscape in Nigeria. Therefore, we are committed to enabling the payment ecosystem that will drive the growth of businesses for economic prosperity. We designed the Biometrics on POS & ATM to heighten customers’ protection from digital payment fraud.
“Although this solution exists in silos where account holders can verify their identity within their financial institution’s ecosystem, the Interswitch Biometrics on PoS and ATM service will enable banks’ customers to access their data and carry out payment transactions across various ATMs and PoS terminals.
He further explained “Our solutions can be interoperable and scalable. With the Interswitch Biometric on PoS and ATM service, the Tokenisation solution and Card Fusion services, payment service providers; acquirers, issuers, and merchants can assure their customers of an added layer of security while carrying out a payment transaction.”