SwitchMaster Inc Information

SwitchMaster was established in 2011 as a payment processor and currently provides services for a network of over 35,000 ATMs and self-service kiosks operated by more than 200 banks, together accounting for in excess of 20 million active cards in circulation. One of their largest customers is United Settlement System (USS), a Moscow-based clearing house that consolidates the ATM networks and cash & payment acceptance points of a number of credit organisations under common technological and financial terms. SwitchMaster's main function as the payment processor for USS is to perform transaction routing between the members of this payment association. The operation centre processes transactions for the following categories of members and partners of USS: System members (USS, the settlement centre of the association; payment card systems Zolotaya Corona, NCC | UC, UnionPay; and large financial institutions with agent bank networks) Processing centres (UCS, Compass Plus) Service operators (money transfer and e-money systems, mobile network operators, EBPP providers etc.) These participants provide interaction with their counterparties; financial institutions which in turn provide payment services to their end customers. This is why SwitchMaster indirectly generates a unified technological and information space for every participant in the payment service market. Centralised transaction logistics implemented via the SwitchMaster operation centre offer great business development opportunities for payment system and service operators, as well as financial institutions interested in these services. Connecting to SwitchMaster allows payment service operators to gain access to the USS payment association's extensive customer base and acquiring network. This eliminates the need to integrate with each individual member, as the interface to SwitchMaster provides the automatic connection of any company that operates under its umbrella. In addition to solving the primary task (technical interaction with the payment ...