Megasol Technologies and Unite Global join forces to develop the next generation of global interbank real-time payment system.

Megasol and the founding partners of Unite have worked together in various payment projects for the last 15 years and will now use that experience to build a new, future-proof infrastructure that banks can use to transmit and clear payments between each other in real-time.

"The topic is really hot at the moment! Governments, banks and new fintech companies are using alternative technologies to compete with each other to create new infrastructure that will replace old payment systems where cross-border and even domestic payments can take days to reach their destination." says Erik Bergström, Chairman of Unite.

Mårten Törnquist, President of Megasol, is really excited about the project stating "This is something I have been waiting to build for a long time. It has the potential to change the way payments are made – and that will affect every person in the world positively. With this infrastructure in place, applications can be built to replace the old-fashioned chain payments – everything  from traditional credit card payments to the settlement of large cross-border payments in seconds without any counter party risk". 

The first version of the payment system is planned to go live Q2/2020 within a group of selected banks.

A new version of Corniche was released today. The new release contains more than 56 enhancements or adjustments. Among the new features are IBAN generation for Lithuania and Host-2-Host ISO 8583 integration with MPTS allowing real time connection against the MasterCard network for issuing of debit and credit cards.

A new version of Corniche was released today. The new release contains more than 110 enhancements or adjustments. Among the new features are an integration to UC Shark in Sweden which allows loan companies to upload daily balances of their customers for better credit scoring, and an integration to the Swedbank Gateway in the Baltics for automatic processing of incoming and outgoing payments. There have also been a lot of changes in BOA, our web back-office to enhance the working experience.

A new version of Corniche was released today. The new release contains more than 108 enhancements or adjustments. Many smaller things are going into this release while we are working on some major things for a future version.

A new version of Corniche was released today. The new release contains more than 76 enhancements or adjustments. Among the big changes is the ability for merchant systems to be able invoice end-customers for purchased products with any due date during the calender month. Updates have also been made to the Swedish BankId integration for digital signatures and authentication and to the Twikey integration for SEPA direct debits.