Choose a trusted partner
Creating and managing a programme can be complex with multiple interdependencies. Choosing a payment processor that has strong and trusting relationships with partners across the entire value chain is essential to eliminating friction in the construction and implementation of your programme.
GPS is proud to be a preferred partner of leading players across the payments industry including Issuing Banks, Schemes, Card Bureaus and providers of other payments functionality (such as KYC, FX).
A Programme Manager makes key decisions including choosing a payment processor, as well as a Scheme, Issuing bank and a Card Bureau.
Programme Managers will often choose the Issuing bank first. Many Issuers are members of both Mastercard and Visa, but not all. To lay the foundations for effective connectivity and working relationships, the Programme Manager will usually ask the selected Issuer for their recommended payment processor. Factors such as the processor’s ability to have oversight of compliance and fraud analysis and ways of working, particularly in challenging situations, often influence an Issuer’s recommendation.
GPS has built strong relationships with all the major Issuing banks in Europe and are pleased to often be their processing partner of choice. However, in cases where a business may be self-issuing after choosing to become a principal Scheme member, GPS can also support this scenario.
GPS has achieved its position as trusted partner by understanding and responding effectively to the concerns and issues that affect these bodies. For example, issuing banks, schemes and card manufacturers know that we are highly responsive to issues and help them quickly regain control. In fact many e-money issuers who act as BIN sponsors mandate the use of GPS functionality, such as PEPs and Sanctions and GPS Protect for fraud monitoring due to the high levels of visibility and control they provide.
We treat each Programme Manager relationship as a partnership. As we develop other options and solutions through our payments network we share this data with our partners to enhance the success of their programmes.
Choosing GPS as your transaction processor means you are in good company and well connected within the payments ecosystem.