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AWS partners Global Payments for cloud processing platform

By Hannah McGrath

Amazon Web Services (AWS) is to collaborate with Global Payments for a cloud-based issuer processing platform.

The multi-year collaboration agreement will see the companies will work together to broaden Global Payment’s worldwide customer base and transform its core issuing platform to deliver secure solutions for the payment industry at scale.

The company is also leveraging the scalability of AWS’s global infrastructure to support the rapid adoption of its issuer processing platform around the world, which currently handles approximately 27 billion transactions annually.

AWS will provide a range of cloud services for issuer processing, including storage, compute, database, security, analytics and machine learning to fulfill compliance requirements, enable new cloud-based services and enhance customer experience.

Jeff Sloan, chief executive at Global Payments, said: “By strategically partnering with AWS, we can capitalise on the FinTech and Open Banking movement, further expand our role in technology innovation, leapfrog existing distribution models and solidify our position as a leading provider of technology solutions for financial institutions, new market entrants, and retailers across the globe.”

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