Expanding digital accessibility at a time of increasing demand for online transactions, Nations Trust Bank entered into a strategic partnership agreement with Paycorp International, a wholly owned subsidiary of Bancstac, to launch innovative and safer payment capabilities, benefiting both Nations Trust Bank American Express merchant business partners as well as Cardmembers.
Bancstac is a pioneering payment technology company that is Payment Card Industry Data Security Standard (PCI DSS) Level 1 certified and offers 3D secure certified payment verification to protect businesses and consumers against fraud across all major credit card schemes. As an authorised payment aggregator for Nations Trust Bank American Express, Diners Club and Discover Network card payments, Bancstac supports the Bank’s merchant business partners to offer Cardmembers a seamless online payment experience that is secure and encrypted.
Niluka Gunatilake, Head of Cards at Nations Trust Bank said, “We are supportive of all our American Express, Diners Club and Discover Network payment aggregators and chose to partner with Paycorp International because they offer a unique industry solution to consumers, businesses and banks in Sri Lanka. Paycorp International can integrate with a Bank’s legacy payment systems and offer our merchant business partners the ability to accept American Express, Diners Club and Discover Network online card payments without any merchant-side technical integration work. This partnership will enable a seamless plug-and-play solution that we believe is a unique benefit to our wide network of business merchant partners.”
Furthermore, Nations Trust Bank American Express merchant business partners will be able to utilise the Paycorp International IPG merchant portal to view American Express, Diners Club and Discover Network transactions processed via Nations Trust Bank. These enhancements will give merchant business partners the ability to generate consolidated transaction reports, submit void and refund transactions, leverage tokenisation for recurring transactions, and generate single-use payment links which can be attached to invoices and shared over SMS and email, amongst other capabilities.
Evan Lau, Chief Executive Officer of Bancstac added, “We are excited to partner with Nations Trust Bank to bring innovative payment capabilities to Sri Lanka. This strategic partnership uniquely positions us to deliver on our vision to modernise Sri Lanka’s digital payment economy. Through bank partners such as Nations Trust Bank, our PCI DSS Level 1 certified IPG makes it easy for businesses, governments and communities to facilitate secure e-commerce transactions.”
About Nations Trust Bank
Nations Trust Bank PLC is among the top 15 business establishments in Sri Lanka as ranked by Business Today. Stemming from its vision of “helping people and businesses by providing financial services and information to achieve their goals and aspirations in a sustainable way”, the Bank serves a diverse range of customers across both individual and corporate, with an enviable portfolio of banking and financial products and services. Strongly focused on digital empowerment through cutting-edge digital banking technologies, the Bank is a pioneer in many innovative customer centric banking solutions such as extended banking hours, and FriMi – Sri Lanka’s first digital banking experience. Delivering premium value, service and connecting its Cardmembers to rewarding experiences and opportunities Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka. The Bank operates 96 branches across the country and has an ATM network covering 127 locations and 48 Cash Deposit & Withdrawal Machines, plus more than 3,700 ATMs on the Lanka Pay Network. www.nationstrust.com
About Bancstac
Bancstac is a core technology infrastructure partner and payment innovation company to banks and their corporate clients, enabling seamless adoption and customization of digital payment and acceptance capabilities from closed- loop payment networks, real-time settlement systems and global card schemes. Bancstac is PCI DSS Level 1 certified and a PCI 3DS compliant payment processor, payment gateway, payment aggregator, payment orchestration platform and technology innovation company. Bancstac is a preferred and certified global technology partner to UnionPay International and enables banks to directly connect to the card scheme.www.bancstac.com/paycorp-SL/