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The FST Awards 2011 Shortlist

Payments innovation of the year
NEW CATEGORY

Judges will look at evidence of new technology in the payments sector. Applicants must demonstrate innovation in the space with information on the issues leading to development, how the solution aims to meet the sector’s needs, with details of performance where possible and evidence of how the end consumer has benefited from implementation.

Bank of Valletta (BoV) & Ixaris

With the rise of alternative payment solutions, mainstream financial institutions face increased pressure to innovate but are hampered by legacy systems. Ixaris Opn is a new platform that enables financial institutions to tap into the growing market for online payments and empowers developers and entrepreneurs to create innovative payment applications.

Bank Zachodni WBK

Bank Zachodni worked with FIS to provide a prepaid contactless solution for Europe's largest outdoor festival, Open'er 2010. This enhanced the festival experience for hundreds of thousands of people, increased awareness of contactless technology amongst the public and retailers and created an entirely new revenue stream for the bank.

Barclaycard

As part of Barclaycard's ongoing commitment to innovation in 2010, they worked with IE, part of the Parseq group, and First Data, to create an iPhone application for Barclaycard's Orange Credit Card customers. The application offers unique on- and off-line functionality, and also allows customers to pay their Orange Credit Card bill from their iphone.


Deutsche Bank AG

Productshop delivered a unique retail product sales platform integrated into online banking. It leverages our retail IT platform and integrates existing applications to deliver a multi-channel, multi-brand, multi-device solution with full reuse of existing application stacks.


OmniPay

OmniPay worked with FIS to enhance and customise the transaction routing rules in their FIS IST/Switch implementation, to deliver the first truly global transaction management service from a single platform. This has contributed to a 56% growth in transaction volumes during the year to December 2010.


The Royal Bank of Scotland

Responding to customer needs and research, in February 2009, RBS Global Transaction Services (GTS) UK set out to deliver an on-line payment solution for customers regardless of their location. 'PayAway-IP Direct', an innovative solution, gives business and public sector customers a 24/7 payment solution whilst achieving significant return on investment.

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