POS SOLUTIONS

Sionic to Enter into a Multi-Year Agreement with Google Cloud

Sionic | June 29, 2022

omni News
Sionic is a leading provider of consumer-to-business and omni-commerce payments solutions and international technology and consulting firm serving the banking, insurance, and other financial sectors announced entering into a multi-year agreement with a suite of cloud computing services, Google Cloud. The company has chosen Google Cloud as the only cloud service provider for the country-wide rollout of its real-time, bank-to-bank digital payment services, which lets customers deposit cash into merchants' accounts at the point of sale.

After eight years of hosting Sionic’s mobile commerce platform with Amazon Web Services (AWS), the company has decided to use Google Cloud to power its online, ULink mobile, in-store, and in-vehicle service experiences. 

"We invested a lot of time with the Google Cloud team to thoroughly understand the value and benefits of Google Cloud over AWS." He added, "Having that level of interaction and support from knowledgeable, real human beings was a great first impression. Google Cloud’s focus on security, scalability, and sustainability mirrors our objectives as we bring current and future solutions to market. We have greatly decreased our infrastructure management needs and increased our development velocity by using Cloud Run, Cloud SQL and Big Query."

- Justin Turner, Director of Product for Sionic

"The payments industry is increasingly embracing the security and scalability that is offered by cloud technology," stated Yolande Piazza, Vice President, Financial Services, Google Cloud. "We look forward to working with Sionic to enable its bank-to-bank digital payment service and enhance the payments experience for customers."

"We are anticipating steady, month-over-month transaction volume growth as we connect our Pay-by-Bank service to existing card payment providers already processing billions of transactions annually," mentioned Erica Burris, VP Strategy and Product for Sionic,

Spotlight

Tightening e-commerce norms for online retail firms, such as Flipkart and Amazon, the government on Wednesday took a host of steps and barred them from selling products of the companies in which they have stakes. The commerce and industry ministry also prohibited e-commerce companies from entering into exclusive deals for products. These changes will come into effect from 1 February 2019.The decision comes in the backdrop of several complaints by domestic traders on heavy discounts being given by e-commerce players, such as Flipkart and Amazon, to consumers.

Spotlight

Tightening e-commerce norms for online retail firms, such as Flipkart and Amazon, the government on Wednesday took a host of steps and barred them from selling products of the companies in which they have stakes. The commerce and industry ministry also prohibited e-commerce companies from entering into exclusive deals for products. These changes will come into effect from 1 February 2019.The decision comes in the backdrop of several complaints by domestic traders on heavy discounts being given by e-commerce players, such as Flipkart and Amazon, to consumers.

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PAR Technology | July 21, 2022

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