Tess Payments gains PSP licence from Qatar Central Bank
Akurateco, a global payment software provider, announces that its Qatari partner, TESS Payments, has successfully secured a PSP License from Qatar Central Bank.
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Ensuring Compliance and Security
To meet the Qatari financial regulatory environment’s requirements, Akurateco under the strategic partnership with TESS has performed an on-premise setup of its software Microsoft Azure Cloud. Additionally, Akurateco facilitated TESS Payments’ obtaining the Payment Card Industry Data Security Standard (PCI DSS) certification, further cementing their commitment to maintaining high-security standards.
Certification at the Qatar Central Bank
Akurateco’s technology is confirmed to be compliant and reliable under the regulatory framework as demonstrated by its certification with the TESS PSP License. This certification is a testament to the secure nature of Akurateco’s solutions, designed to meet industry standards.
Akurateco’s Payment Orchestration Platform
Akurateco is a global payment software vendor that offers ready-to-use PCI DSS-certified white-label payment solutions to merchants, payment providers, and financial institutions worldwide. The platform is equipped with the latest payment technologies, including intelligent payment routing, cascading, automated merchant onboarding, advanced payment analytics, and others. These allow Akurateco’s clients to optimize payment processing costs and improve transaction approval ratios.
Global Reach and Versatility
With over 350 integrated banks and payment providers, Akurateco’s platform enables clients to leverage an extensive network of traditional and alternative payment methods, including local and global ones. This enables clients to reach a wider audience and cater to their customers’ payment preferences.