The platform, dubbed Transact Global, features a cloud-based infrastructure that intends to help solve the challenges facing multinational middle- and large-market entities within the B2B electronic payment industry, both domestically and globally.
It is designed to promote innovation, integration and efficiency. The platform will be made available to financial institutions and their buying organizations in order to support additional control, reduced risk and increased processing frequency.
The platform will also provide reduced cost per transaction to issuers.
AOC Solutions COO Tre Cage said: "Transact Global is designed to meet a growing market need for more efficient, more effective and less costly methods for virtual payment processing.
"Issuing banks that adopt this technology will gain a significant financial and product edge over other processing platforms currently available in the marketplace."
Virtual reality is a computer technology that replicates an environment, real or imagined, and simulates a user’s physical presence and environment in a way which enables the user to interact with it.
Lebanon’s Eurisko Mobility has recently unveiled world’s first virtual reality enabled Omnichannel banking solution.
The solution supports several virtual reality headsets including Oculus Rift, Samsung Gear and Google Cardboard.
It is also available for Apple Watch and TV, iOS, Android and Windows Phone.
Image: AOC Solutions has introduced a new processing platform for virtual card payments. Photo: courtesy of twobee/FreeDigitalPhotos.net.
