USA

139 iting from a risk management perspective , and is fully compliant with the New York State Department of Financial Services ( NYS DFS ) Part 500 cybersecurity regulations for financial institutions .

Two years ago , Payomatic started to develop its hottest new offering , a prepaid MasterCard that allows Payomatic customers to pay bills , withdraw money from an ATM , shop online , or have paychecks and other government checks like tax refunds directly deposited , all without a traditional bank account . The inPOWER card , accredited to the highest PCI Level 1 standard , has not been on the market long , having been launched in November 2018 but , linked to a new mobile app it ’ s already transforming customer engagement , he enthuses . “ The organization , having tackled the behind-the-scenes technology was ready to start engaging with customers in a new channel – mobile .”

Payomatic partnered with a mobile commerce specialist to identify the

www

. fintechmagazine . com