OTP Bank partners Iliad Solutions for payments testing platform
OTP Bank in Hungary has selected UK-based Iliad Solutions as its new payments testing provider.
OTP Bank partners Iliad Solutions for payments testing
As part of the multi-year deal, Iliad will service OTP with “automated testing options” as a means to enhance the bank’s payment capabilities.
At present, these capabilities span both retail and corporate banking and extend to money transfers, loans and credit, securities transactions, batch payments and OTP’s instant payment service, among others.
The OTP group currently operates across 13 countries in Central and Eastern Europe, and Middle Asia, including Romania, Ukraine, Albania, Russia, Uzbekistan and Moldova, as well as maintaining a strong presence in its native market from its Budapest headquarters.
To achieve its desired level of payment enhancement, OTP is to leverage its new partner’s browser-based payments testing and certification platform, t3.
The platform consists of four main components, namely the t3:Switch simulation and test engine, the t3:Now test tools, the t3:Portal graphical user interface, and t3:Cert, which specifically serves level three EMV merchant terminals’ onboarding and certifications.
With these components combined, Iliad claims the platform is capable of running up to 15,000 transactions per second, and is applicable to a variety of payment components including chip card testing, clearing and settlement, digital wallets, and real-time payments.
Ábel Bagaméry, director of card payments at OTP, cites effective payment testing as “key to our future success and expansion”, aided by what he views as “one of the most advanced payment testing platforms in the world”.
The bank’s adoption of the t3 platform comes after it announced its migration to the Intellect Digital Core, a core banking system provided by the consumer banking arm of Indian banking tech provider Intellect Design Arena, in December.
