--- title: Payment Ponderings - A GPC Blog | payments description: payments | Global Processing Centre explores topics affecting the payments and fintech industries. --- [![](https://blog.globalprocessingcentre.com/hubfs/GPC-logo%20refresh-1.svg)](https://blog.globalprocessingcentre.com/) Open main menu Close main menu # Payment Ponderings - A GPC Blog Select Category analytics API atm bitcoin BuyNowPayLater carbonoffset cash climate climatechange cross-border data dcc fintech FIs ISO issuing kiosk mobilewallet payments processing remittances security Posts about: ## payments ![](https://blog.globalprocessingcentre.com/hubfs/businessman-hand-touch-virtual-graphchart-diagram_M1XL5FBO.jpg) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [cash,](https://blog.globalprocessingcentre.com/blog/tag/cash) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [security,](https://blog.globalprocessingcentre.com/blog/tag/security) [FIs,](https://blog.globalprocessingcentre.com/blog/tag/fis) [processing,](https://blog.globalprocessingcentre.com/blog/tag/processing) [data,](https://blog.globalprocessingcentre.com/blog/tag/data) [analytics](https://blog.globalprocessingcentre.com/blog/tag/analytics) ### [Driving Revenue Growth in Caribbean Financial Institutions with Data Analytics](https://blog.globalprocessingcentre.com/blog/driving-revenue-growth-in-caribbean-financial-institutions-with-data-analytics) Aug 4, 2023 5:50:49 PM Data analytics has become an indispensable tool for businesses worldwide, and the financial institutions in the Caribbean are no exception. The region's dynamic economic landscape, coupled with rapidly evolving customer expectations, necessitates innovative strategies to stay competitive. By harnessing the power of data analytics, financial institutions in the Caribbean can unlock valuable insights, enhance decision-making, and create personalized experiences that drive revenue growth. Let’s explore how data analytics can be a game-changer for revenue generation in Caribbean financial institutions. ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/driving-revenue-growth-in-caribbean-financial-institutions-with-data-analytics) ![](https://blog.globalprocessingcentre.com/hubfs/closeup-woman-using-the-smart-mobile-phone-for-wit-J2XRH7M.jpg) [atm,](https://blog.globalprocessingcentre.com/blog/tag/atm) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [kiosk,](https://blog.globalprocessingcentre.com/blog/tag/kiosk) [ISO](https://blog.globalprocessingcentre.com/blog/tag/iso) ### [How ISOs can use data analytics to increase revenue!](https://blog.globalprocessingcentre.com/blog/how-isos-can-use-data-analytics-to-increase-revenue) Jul 19, 2023 5:44:03 PM Data analytics has emerged as a powerful tool for businesses across various industries, and independently-run ATM operations in Canada are no different. By harnessing the wealth of data generated by ATMs, operators can gain valuable insights that enable them to make informed decisions, optimize operations, and ultimately increase revenue. Let’s explore how data analytics can be leveraged to drive revenue growth for independent ATM operators in Canada. ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/how-isos-can-use-data-analytics-to-increase-revenue) ![](https://blog.globalprocessingcentre.com/hubfs/online-payment-2022-12-16-03-40-48-utc-1.jpg) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [security,](https://blog.globalprocessingcentre.com/blog/tag/security) [issuing,](https://blog.globalprocessingcentre.com/blog/tag/issuing) [FIs,](https://blog.globalprocessingcentre.com/blog/tag/fis) [processing](https://blog.globalprocessingcentre.com/blog/tag/processing) ### [Payment Processing 101 – Back to Basics](https://blog.globalprocessingcentre.com/blog/payment-processing-101-back-to-basics) May 31, 2023 11:30:19 AM What is a payment processor and what should you look for when choosing one? ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/payment-processing-101-back-to-basics) ![](https://blog.globalprocessingcentre.com/hubfs/Artboard%202.png) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [mobilewallet,](https://blog.globalprocessingcentre.com/blog/tag/mobilewallet) [security,](https://blog.globalprocessingcentre.com/blog/tag/security) [FIs](https://blog.globalprocessingcentre.com/blog/tag/fis) ### [Financial Institutions and Fintechs – Friend or Foe?](https://blog.globalprocessingcentre.com/blog/financial-institutions-and-fintechs-friend-or-foe) Mar 30, 2023 5:58:06 PM Large financial institutions (FIs) are historically not known for innovation in financial products or services, and before recent times, the financial industry as a whole, was known to be traditional and not very innovative. In fact, one could argue that the last great financial innovation was the credit card. However, necessity breeds innovation, as the saying goes. And as the financial crisis that began in 2008 hit, alternative financial instruments, methods of payments and a multitude of fintechs sprung up to address various financial needs and gaps in the network of payment services. Still, the inconveniences felt from users in the traditional banking system wasn’t quite enough to propel these alternative payment methods into popularity. Fast forward 12 years, and a global pandemic of unseen proportions accelerated the conditions for fintech growth and the drastic need for alternative payment options. Whilst banks were still considered trustworthy, the continued frustration in the banking operating systems, as compared to the upcoming tried and tested alternative payment options, propelled innovation in the financial sector. ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/financial-institutions-and-fintechs-friend-or-foe) ![](https://blog.globalprocessingcentre.com/hubfs/hand-holding-jigsaw-puzzles-business-partnership-2021-08-30-22-02-42-utc%20sm-1.png) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [cross-border,](https://blog.globalprocessingcentre.com/blog/tag/cross-border) [remittances,](https://blog.globalprocessingcentre.com/blog/tag/remittances) [mobilewallet,](https://blog.globalprocessingcentre.com/blog/tag/mobilewallet) [security,](https://blog.globalprocessingcentre.com/blog/tag/security) [issuing](https://blog.globalprocessingcentre.com/blog/tag/issuing) ### [GPC and Compass Plus Technologies celebrate 10 years of ground-breaking payments innovation](https://blog.globalprocessingcentre.com/blog/gpc-and-compass-plus-technologies-celebrate-10-years-of-ground-breaking-payments-innovation-1) Feb 9, 2023 9:02:48 AM **Global Processing Centre (**[GPC](https://globalprocessingcentre.com/)**), one of the largest payments processors in Latin America and the Caribbean, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, are celebrating 10 years of successful collaboration.** GPC’s journey with Compass Plus Technologies started in 2012, when the processor embarked on a project to migrate away from its legacy system to launch a modern, scalable issuing and acquiring payments platform to better serve financial institutions (FIs) in Latin America and the Caribbean. This was to help GPC meet its strategic vision to facilitate a strong financial ecosystem and payment architecture, and provide convenient, secure and modern payment services to FIs in the region. Impressively, the migration of the processor’s entire card base and POS terminal network was completed in just three months. Since then, GPC and Compass Plus Technologies have worked together over the past decade to deliver many exciting projects including: - Multiple integrations with third parties such as Western Union to support prepaid card loading - Enabling in-branch instant card issuance - Supporting Fintech customers by offering them [TranzAxis](https://compassplustechnologies.com/tranzaxis.html) in a Platform as a Service capacity in order to launch innovative products at speed - Launching SugaPay, a local payment ecosystem consisting of reloadable cards, POS terminals and a mobile wallet, which facilitated card payment acceptance for small businesses at large-scale entertainment events in Antigua - Enabling Mastercard, Visa and UnionPay POS acquiring for merchants - Supporting GPC’s expansion into the Canadian Independent ATM deployer (IAD) market, with acquiring services for Visa, Mastercard and Canadian Interac Today, Compass Plus Technologies empowers GPC to deliver premium payment processing solutions globally to retail ATM operators, financial institutions and Fintechs across the Caribbean, Latin America and Canada, processing over 700,000 transactions monthly. *“From day one of our partnership, Compass Plus Technologies has provided us with the technology, skills and expertise we needed to expand and grow. They have played a big part in the development of our business, helping us solve the unique challenges we face and to deliver better experiences to our customers. We have enjoyed working together over the past decade and have grown to become long-term strategic partners. We look for to continuing our work to revolutionise the payments market.”*commented Justin Stuart-Young, Head of Information Technology at Global Processing Centre. Carlos Seer, AVP, Business Development Director at Compass Plus Technologies, said: *“We’re extremely excited to have reached such a significant milestone in our partnership with GPC. It is an honour to work with such a forward-thinking business, helping them grow and expand their offering to better serve FIs and merchants across North America and the Caribbean. GPC have built a market-leading processing business using our technology and we are excited about what the future of our partnership will bring in terms of further innovations and developments.”* [Compass Plus](https://blog.globalprocessingcentre.com/blog/author/compass-plus) [Read More](https://blog.globalprocessingcentre.com/blog/gpc-and-compass-plus-technologies-celebrate-10-years-of-ground-breaking-payments-innovation-1) ![](https://blog.globalprocessingcentre.com/hubfs/remittence.png) [cash,](https://blog.globalprocessingcentre.com/blog/tag/cash) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [cross-border,](https://blog.globalprocessingcentre.com/blog/tag/cross-border) [remittances,](https://blog.globalprocessingcentre.com/blog/tag/remittances) [mobilewallet](https://blog.globalprocessingcentre.com/blog/tag/mobilewallet) ### [Digital Remittances – the new age of the remittance industry](https://blog.globalprocessingcentre.com/blog/digital-remittances-the-new-age-of-the-remittance-industry) Oct 3, 2022 11:00:18 AM As with many payment trends, the pandemic accelerated the remittance industry to go digital and allow for fintech innovation to put pressure on traditional means of remittances. A remittance can be described as one person sending money to another, often in another country. It is a multi-billion dollar industry with hundreds of millions of migrant workers sending money home to their families, in order to assist with education, healthcare and other every day finances. In many cases, these remittances fully support their families in their country of origin. Very often, bank accounts are not involved. ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/digital-remittances-the-new-age-of-the-remittance-industry) ![](https://blog.globalprocessingcentre.com/hubfs/mobile-payment-2021-08-26-22-39-54-utc.jpg) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [cross-border](https://blog.globalprocessingcentre.com/blog/tag/cross-border) ### [The Future of Cross-border Payments](https://blog.globalprocessingcentre.com/blog/the-future-of-cross-border-payments) May 18, 2022 9:09:00 AM As our world becomes increasingly smaller and more accessible, there is an expectation that things move instantaneously. Money transfers are no exception. Unfortunately, cross-border payments are still lagging, mostly due to archaic banking systems and differing laws and regulations between countries. Currently many cross-border transactions are handled through intermediary banks but this is clunky and inefficient. Legacy cross-border payments lack transparency and because nobody owns the cross-border experience there is low transparency, low predictability, and no standardization. [Bridget Cadet](https://blog.globalprocessingcentre.com/blog/author/bridget-cadet) [Read More](https://blog.globalprocessingcentre.com/blog/the-future-of-cross-border-payments) #### About - [About GPC](https://globalprocessingcentre.com/about/) #### Services - [Financial Institutions](https://globalprocessingcentre.com/financial-institutions/) - [Independent ATM Operators](https://globalprocessingcentre.com/independent-service-operators/) - [Conglomerates](https://globalprocessingcentre.com/conglomerates/) #### Fintech - [Fintech Solutions](https://globalprocessingcentre.com/fintech-solutions/) [Follow us on Facebook](https://www.facebook.com/GlobalProcessingCentre) [Follow us on LinkedIn](https://www.linkedin.com/company/global-processing-centre/?viewAsMember=true)