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

Businesses that provide payment options through credit or debit cards to their customers need a payment processing service provider who would help them in crediting the money into their bank accounts. They collaborate between all parties involved to make the payment process efficient and seamless for the merchants and customers. Payment processing services are the ones who fulfil a number of steps required from authenticating to settling a transaction. They make sure merchants receive their money in their bank account from all transactions that don’t involve paper money. These transactions mainly include payment methods such as credit cards, debit cards, e-wallets, etc. Payment processors are companies that function as a mediator between merchants, customers, and financial institutions that process transactions. They are an important part of the global financial chain. They are entities which synchronize non-cash transactions by validating all information and also distribute funds to the merchant, once a sale is completed. As a payment processor, not only to the merchant, but also making sure even the issuing bank receives its funds. The network payment processors own lets them accommodate a flow of data between all parties.

Pismo is a technology company offering 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. Some of the most renowned global investors support Pismo on their journey to be the world’s number one platform for financial services.

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

Payment Processes Made Simple and Secure

Card Issuing Services: One of the most widely used by consumers. In a transaction with a card, the buyer provides the card details, and these details are transferred to the payment processor. 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. After the process of authorization, comes the process of settling and funding. This is where the transaction is deposited into the merchant’s account. The merchants send the authorization request to the payment processor, which then sends the details to the card association. The card association is connected with the issuing bank therefore; the issuing banks receive the details of the transactions and further carry out the process.

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. Mostly preferred for B2B transactions, this mode of payment gives the shopper complete control over the transaction, as they have to authorize by themselves to initiate the transaction via their online banking.

Corporate Banking and Digital Wallet: Payment processing services include authorization, funding, and settling of a transaction. When a customer purchases a good or service, the payment is made with the card at the point of sale (POS). Even though the transaction takes seconds, the actual process behind the transaction is intricate. 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. E-wallets are another type of important payments that can be processed. Consumers who prefer this mode of payment sign up for the e-wallet with their bank account or debit/credit cards. One of the prominent e-wallets is apple pay and Paypal which is popular in North America and Europe, while Alipay and Pismo also dominates in Asia. 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. Enable creation of innovative payment schemes and receivable schedules. Allow fine-grained MDRs and fees per transaction type, network, and more. Control every aspect of the settlement from authorization to payment. 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. Pismo 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 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.

"Our mission is to challenge the status quo every day, building a new era of payments and banking."