Penki Kontinentai Group news

ASHBURN International – in the top 10 providers of payment solutions in Europe

The well-known international magazine Banking CIO Outlook included ASHBURN International, which develops and implements transaction routing and EFTPOS terminals network management software, in the TOP 10 Payment and Card Solution Providers.

Banking CIO Outlook Magazine, published in Silicon Valley, highlights the latest technological trends in the banking sector. Industry experts share their experience and assess the latest global trends in payments and security. Each year, a reputable group of CEOs, CIOs, and the Banking CIO Outlook’s editorial board makes a rating of 10 leading enterprises offering the most effective innovative solutions for financial organizations. The expert commission highly appreciated ASHBURN International’s projects, a part of Penki Kontinentai Group, in Azerbaijan, Georgia, Uzbekistan, and other countries where the company implements its own TransLink.iQ system for managing EFTPOS networks.

“A high position in the international ranking confirms the correctness of our development strategy. We will continue to expand not only the territorial boundaries of our activities but also the functionality of TransLink.iQ, which has established itself in many international markets,” says Žoržas Šarafanovičius, Executive Director of ASHBURN International.

TransLink.iQ it solves many problems faced by companies when managing a large network of payment terminals. The flexible architecture of the solution allows customizing it by the needs and infrastructure of the client. When updating the EFTPOS terminals’ network, TransLink.iQ can be adapted to terminals of different manufacturers (Ingenico, Verifone, PAX) and cards of both international and local payment systems. The solution allows you to expand the functionality of payment terminals. Extra features, such as dynamic currency conversion or installment payment, increase customer loyalty.

Now more than 300,000 EFTPOS terminals connected to TransLink.iQ. They carry out almost 100 million payment transactions every month.

Besides ASHBURN International, other European IT companies, their history, achievements, customer experience, innovative developments, and services are presented on the publication pages. A special November issue of Banking CIO Outlook is dedicated to developing payment technologies and their impact on the global financial industry.

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