The CatCARD platform, developed by Phoenix3k, is the Venezuelan banking system’s newest partner, aiming to centralize the issuance and monitoring of debit, credit, and prepaid cards, as well as achieve a single digital infrastructure.

“This new technology integrates with the company’s existing services, such as the CatSW switching system and the CatPAY mobile payment platform, with the goal of reducing operational fragmentation within financial institutions and accelerating the launch of new financial products.”

CatCARD covers the entire card lifecycle, from initial creation to collections management, as well as chargeback administration and the issuance of virtual cards for commercial or corporate transactions.

The system offers:

• Security tools for transaction validation.
• Real-time fraud risk assessment.
• Authentication protocols with dynamic keys for electronic purchases.
• Automation of daily reconciliation processes for transactions against final settlements.
• Easy release of withholdings.
• Rapid generation of files for manufacturing physical cards according to industry requirements.

M.Pino

Source: globovision

(Reference image source: Vitaly Gariev on Unsplash)

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La entrada Venezuelan banking system incorporates Phoenix3k’s CatCARD platform to unify card management apareció primero en Bitfinance.