Pismo – Providing All-in-One Processing Platform to Build Robust and Reliable Financial Products

The Silicon Review

Behind every business, whether it is in-store or online, is a payment gateway and payment processing service providers. They make sure that transactions are carried out seamlessly to enhance customer experience and improve business reputation. Behind every business, whether it is in-store or online, is a payment gateway and payment processing service providers. They make sure that transactions are carried out seamlessly to enhance customer experience and improve business reputation. On the surface, the entire process of a credit or debit card transaction appears simple, taking only a few seconds.

Pismo is a technology company providing an all-in-one processing platform for banking and payments. Large banks, marketplaces, and fintechs already use their cloud-native microservices platform. Their clients are launching next-generation solutions while migrating their legacy systems onto the most advanced platform in the market. The company's cloud-based platform empowers teams to build fast and companies to launch rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards for their digital banking and payments solutions.

Pismo was founded in 2016 by experienced entrepreneurs and techies. They are a global company headquartered in São Paulo, Brazil, with offices in the United States and the United Kingdom.

Making Payment Processes Simple and Secure

Card Issuing Services: Pismo's cloud-based platform offers the building blocks for you to build your card issuing and payment processing systems, and it’s very flexible. You can use it for the whole payment cycle or just part of it. If, for example, you already have an account management system in place but lack card network integration, the company can connect you to Visa and Mastercard. Pismo does not issue cards. But they do provide the technology through which their clients can issue Visa and Mastercard cards. Their platform enables banks and other institutions to create plastic and virtual cards with unique features, all while being fully compatible with Apple Pay, Google Pay, and Samsung Pay wallets. Pismo has partnered with some of the most respected anti-fraud service providers across the globe. The platform has native integration with these services to offer robust fraud protection. Pismo provides a fully composable and modular banking platform, able to connect flexibly with existing software and services already in place at a financial institution through the use of API connections and microservices architecture.

Core Banking: Pismo makes it easier to create a complete banking experience. Their APIs help you build a suite of digital products, from deposits to loans, from savings to overdrafts — robust and simple. It’s an ideal solution for neobanks and challengers. Pismo provides the building blocks for banks and fintechs to develop innovative banking and payment solutions. Their all-in-one platform integrates with financial apps and websites to process financial transactions. So the bank can focus on the customer experience while they do all the background processing for them. Using the Pismo platform, a bank or financial institution can build an array of services to offer to their customers. This includes unique and fully-certified card issuing, a complete digital banking experience offering everything from deposits to loans, proprietary digital wallets using either card or tokens to connect buyers and sellers, and digital marketplaces covering the entire ecosystem of e-commerce and in-store transactions.

Corporate Banking and Digital Wallet: Besides offering all core features for retail banking, the Pismo financial services platform enables banks to create corporate demand deposit accounts (DDAs) and manage complex operations in a multi-country, multi-region, and multi-branch structure. Create your own proprietary digital wallet to manage both buyers and sellers. Use cards and other tokens to pay from the wallet. Compete with the most iconic wallets in the market by using their platform. With Pismo platform, you can create a proprietary digital wallet where your customers can store money, receive credit and add third-party issued cards to spend on a private network. It works similarly to PayPal and Alipay, for example. The platform absolutely enables QR-based and NFC payments, as well as a range of other tokenized transaction formats. It depends on your front-end app and the devices the customer and the seller use.

Sellers and Marketplaces: Create a complete transaction processing and seller management infrastructure for e-commerce and in-store purchases. Use a single platform to build acquiring and settlement in a multi-country, multi-currency environment. The company offers building blocks that do the financial transaction processing in your online multi-vendor marketplace system, from authorization to settlement. You just need to integrate their cloud-based platform with your front-end applications using their APIs. The platform manages both buyers’ and sellers’ sides of the payments in a marketplace, including sellers’ settlement schedules. Not only that, it can work in a multi-country, multi-currency environment.

The Leader Upfront

Ricardo Josua is the Founder and Chief Executive Officer of Pismo. He started his career in 1996 at an investment bank, is a successful entrepreneur with more than 20 years of experience in the banking and payments industry.