Global payments/AWS partner to drive the future of payments
As part of the multi year collaboration AWS and Global Payments will provide an industry leading cloud based issuer processing platform for institutions of all sizes.
Together Global Payments and AWS will strategically collaborate to transform Global Payments’ core issuing platform that will deliver secure and innovative solutions for the payment industry at scale.
The two companies will also work together to build on AWS’s customer relationships, as well as provide innovative technologies to institutions of all sizes worldwide and expand the customer base for Global Payments’ issuer processing services.
Building Global Payments’ cloud based issuer processing platform on AWS
By developing its cloud based issuer processing platform on AWS, Global Payments will provide financial institutions with the ability to seamlessly operate the entire lifecycle of card issuance and management.
In addition the company is leveraging the scalability of AWS’s global infrastructure to support the rapid adoption of Global Payments’ issuer processing platform which handles 27bn transactions annually. Global Payments will rely on AWS as a preferred cloud provider for its issuer processing platform and will use a range of AWS services including: storage, compute, database, security, analytics and machine learning. The services will help Global Payments fulfill its compliance requirements, enable new cloud-based services, and enhance its customer experiences for its clients and their cardholders.
In addition the two companies will work together to explore additional opportunities for collaboration and innovation for payment products and services across its entire operations.
“We are excited to enter into this collaboration with AWS, which enables us to offer our solutions to institutions regardless of size, location or processing preference,” commented Jeff Sloan, Chief Executive Officer, Global Payments. “The new platform’s cloud-based architecture will give clients the ability to use the services they need with greater speed-to-market, flexibility and best-in-class experiences for our customers and their cardholders. By strategically partnering with AWS, we can capitalize 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.”
“Global Payments is a leader in the payments technology industry, and working together, we will provide solutions to organizations—from traditional financial institutions to emerging payment players—to simplify commerce, so they can focus on innovation and growth,” added Andy Jassy, CEO of AWS.
“We look forward to working with Global Payments to bring payment issuer solutions to new geographic regions and more customers throughout the world. By leveraging the proven scalability and reliability of the world’s leading cloud, Global Payments is providing the tools for businesses to manage the card issuance lifecycle and transform the way that the payments industry operates,” he concluded.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.