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Change Financial Limited Payment and Card Issuing platform

ASX:CCA   CHANGE FINANCIAL LIMITED
Change Financial Limited stock rallied by more than 200% after the company confirmed the development of innovative payment and card-issuing platform. Designed as a new standard for innovative payment and card issuing, the platform allows banks and businesses to customize and launch payment solutions under their brand.

The payment platform includes a program dashboard for managing patent programs in real-time as well as a Data Insights Dashboard that enables easy access to data-rich customer’s information. It also comes with API connectivity that allows the rollout of programs and new features that customers want. An integrated Mastercard Processor takes payment processing to another level.

The company has already obtained certification for the platform. The Central Bank of Kansas City has also approved the registration of the company as a Mastercard payment processor. Following the accreditation, Change Finance Limited is embarking on an aggressive commercialization drive for the platform. The company is targeting as many as 7,000 Federal Deposit Insurance Corporation and 6,000 credit unions with the new platform.


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