New free-to-use sandbox environment aims to fuel experimentation in “back-end” payments
Sibos, London, 23rd September 2019 — Tribe Payments, a team of industry experts dedicated to delivering the future of payments, today announces its payments sandbox environment. Tribe’s sandbox is free-to-use and, in an industry first, provides access to APIs across both issuing and acquiring.
Issuers and acquirers must be able to handle speed – payments must be processed on time and scale – systems need to handle high and often fluctuating volumes – to perform well. For developers looking to launch a new card proposition or acquiring functionality, understanding how a product would perform in a live production environment is challenging. Furthermore, it is near-impossible for developers to experiment with back-end payment APIs to build new features and capabilities.
To address these challenges, Tribe’s sandbox allows banks, challengers and fintechs to explore, integrate and experiment with all of Tribe’s APIs. Developers can complete a technical integration that will reflect how the API would work when live. Once the developer is happy to move into production the service can be made “live” at the flick of a switch.
Tribe provides all aspects of payments using a modular platform to businesses – predominantly acquirers and issuers - that serve merchants and consumers across the globe. But the developer sandbox opens up the possibility of organisations and businesses outside of this core audience to experiment and develop new ways of using and offering payments.
“Nimble fintechs and fast-following incumbents need first mover advantage to win over innovation-hungry consumers and gain market share. This has led to a technology arms race, where payment providers are seeking the next “killer app” that will give them an unfair competitive advantage,” said Alex Kelly, VP of Product, Tribe Payments. “But developers at these firms are hamstrung by environments that don’t allow them to test and experiment quickly and easily. As the first sandbox offering free access to APIs across issuing and acquiring, we want to change that, as well provide a safe environment for non-traditional providers to develop services.”
Tribe Payments officially launched in June and is the first European issuer processor to be certified to allow banks to issue UnionPay International cards. Certification from Mastercard and Visa means that organisations that use Tribe’s technology can issue cards and process payments using the biggest card schemes in the world.
To find out more about Tribe’s sandbox please visit: https://www.tribepayments.com/developers/
About Tribe Payments
We are a tribe of industry experts delivering the future of payments. Unlike most vendors, Tribe provides all aspects of payments using a modular platform to businesses – predominantly acquirers and issuers - that serve merchants and consumers across the globe. Tribe is the only provider to fully break the ‘legacy-cycle’, using disposable technology to ensure zero-obsolescence and containerisation to minimise risk.
As Europe's only issuer processor working with Mastercard, Visa and UnionPay International, we offer unrivalled market connectivity. We build to global scale, securely - we are PCI Level 1 compliant and supported by our own private cloud.
Our mission is to deliver payment technology that no longer compromises between scale and speed.
To find out more visit: https://tribepayments.com/