Petra Financial signs Power Payments Technologies’ as a distributor and reseller

Petra Financial today announces the expansion of its alliance with Power Payment Technologies’ (Power Payments) allowing Power Payments to market directly and through its partner channel, the Petra Financial suite of payments automation software.

Power Payments E&I solution is already being integrated into Petra’s Clarion SWIFT reporting solution to create Clarion E&I. This arrangement has been successful and Power Payments have now signed to be able to re-sell Petra Financial products directly globally, and through the alliance channel that Power Payments have in place.

Petra Financial’s innovative payments solutions – Touchstone, Vortex, and Clarion E&I are already used by some of the world’s leading banks, including HSBC, ABSA, National Australia Group, and FNB. Increasingly, banks are looking for innovative solutions with strong design form as well as function that can be easily integrated, does not require capital expenditure, and are available as services with maintenance and updates included. Petra Financial’s exceptional SaaS (Software as a Service) solutions enable banks and financial institutions rapid implementation, with one simple annual subscription covering software, maintenance and updates. As banks look for operational and cost efficiencies these capabilities are gaining momentum.

Alain Falys, Power Payments Technologies Director commented, “Petra Financial and Power Payments Technologies have been working together successfully for several months, and we have been able to see the commonality in our interests develop. We have already established a strong partner channel in many territories, and now that our solutions are integrated, we want to market this exciting product set directly and through our distributors. Petra Financial has an exceptional design philosophy, and this is something very attractive to us and our partners”.

“As banks demand more for less in these times, we believe that Petra Financial and Power Payments deliver on this promise---strong functionality, superb design and engineering. With the support of two very driven companies, we are confident that customers and distributors will be compelled by our propositions,” Falys continued.

David Sinclair, Petra Financial CEO comments, “It is well-known that partnerships are often disappointments. This is an example of a successful partnership that has started strongly with both parties committed at the outset to making it work. That commitment on both sides is paying dividends and we are delighted that Power Payments are not only providing us with technology, but are now going to market our suite directly and with their world wide distributors. Petra Financial’s ethos is to be the most innovative software firm in the payments market. Power Payments are professional industry experts who are respected by their clients and partners; we look forward to working closely with them and their channel”.

John Burton, Marketing Director of Petra Financial adds, “Banks are increasingly looking to trusted partners to deliver solutions that increase operational efficiency and of good value. There is much less willingness to put up with poor design or usability. Banks also want to deal with people they know understand the business, can deliver expertise and resources, not vendors who have historically charged high, but delivered low. ”

“Power Payments has a great reputation for knowing the business and understanding what is needed. Their people and partners are experts who are trusted and respected and deliver value for money. We are delighted to have such a trusted partner market our products”, Burton added.