PaymentComponents Ltd. & Transaction Systems announce their strategic partnership for PSD2 Compliance

PaymentComponents Ltd & Transaction Systems Ltd (TRSYS) announce their strategic partnership for the European Union’s second Payment Services Directive (PSD2) and Open Banking. The partnership will enable TRSYS to act as an official reseller to PaymentComponents’s pioneering PSD2 Compliance platform, aplonAPI™ (

aplonAPI™ is a field proven, APIs management platform, tailor-made for the Financial Services sector, with unparalleled open architecture, to facilitate frictionless integration & open up innovation opportunities! aplonAPI™, empowers Banks & Financial Institutions to achieve PSD2 compliance in record time and to rapidly build, manage & distribute their APIs.

Founded 15 years, ago, TRSYS is among the leading providers of payment and bank automation solutions in Central and Eastern Europe. The company aims to reinforce its position in the region by expanding its product portfolio to include digital transformation solutions such as the PSD2 & Open Banking solution by PaymentComponents, assisting Financial Organizations in the region to drive digital transformation, while enabling continued innovation and surpassing customer expectations.

PaymentComponents and Transaction Systems are front runners, in empowering banks & corporations to successfully implement new business models and rapidly respond to the new opportunities that arise in the Fintech Ecosystem.

Transaction Systems Introduces the New PAX Android POS in Technobank 2018, Serbia

Presenting to conference delegates, the company also presented the new Governmental Payments Solution, running on PAX terminals

Belgrade, Serbia April 25th, 2018- Transaction Systems (TRSYS) is sponsoring Technobank 2018, the largest financial technologies conference and exhibition, organized for the 18th consecutive year in Serbia. Transaction Systems, a prime sponsor of the conference, is showcasing the new PAX Technology terminals and introducing the new Android POS series for the first time in CEE.

Presenting during the conference, TRSYS, along with Serbian partner eTAKSE, is introducing a new solution which will enable governmental payments via POS terminals. eTAKSE has piloted the innovative solution, running on PAX S900 terminals, in the Municipality of Belgrade. The solution has managed to surpass local state regulations, as well as VISA rules regarding commission payment.

With the new application, the commission will now be charged directly to the payee. The system provides multiple payment channels for citizens and business entities with every payment tracking option via unique transaction ID across GOV domains.  For the first time in Eastern Europe, citizens and businesses are able to pay on governmental accounts within treasury administration using payment cards where the merchant commission is covered by payee and not the merchant (government).

Transaction Systems’ presentation topic as well as the products on show provide a perfect match for Technobank, known for its high quality of presentations and continuous focus on innovation and the future of banking technologies.

Transaction Systems Joins Forces with GRGBanking to Provide Organizations in Central and Eastern Europe with Banking Transformation Solutions

Budapest, February 27, 2018 – Transaction Systems LLC. (TRSYS), the leading provider of e-Payment solutions in Central, South and East Europe and GRGBanking (GRG), the leading provider of financial intelligent equipment and solutions, announce their cooperation to provide GRG’s intelligent products and innovative financial technologies in Central and Eastern Europe.

With a strong international presence, established offices and subsidiaries in Europe, Southeast Asia, the Americas, the Middle East and Africa, GRG aims at setting up its banking automation business globally through a strong network of strategic partners. Part of this expansion strategy is the agreement with TRSYS which will act as GRG’s distributor in Albania, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Greece, Hungary, Kosovo, Romania, Slovakia and Slovenia.

GRG has already initiated its global expansion strategy entering new potential markets overseas with innovative products such as VTM (Virtual Teller Machine), the flagship branch transformation solution, as well as ATMs, Retail Recycler & Deposits, Counting Station and many others. Besides their current implementations in Southeast Asia, Russia, Middle East, Germany and Turkey, the partnership with TRSYS will initiate GRG’s expansion in the market of Central and Eastern Europe.

“Stronger localization is the foundation of our global expansion,” said Adam Lee, General Manager, GRG Europe & Middle East. “We will continue to strengthen production, research and services all over the world, and we will initiate strategic partnerships with payment solution providers such as TRSYS. Furthermore, we will positively develop and extend our new business worldwide, building a global brand”.

Commenting on the new cooperation, Panos Chalkias, Managing Director, TRSYS International said: “We are particularly happy to join forces with GRG. With banking automation solutions already used by hundreds of organizations worldwide, this cooperation will enable us to support organizations in Central and Eastern Europe and provide them with the proper tools to optimize and streamline their business processes, reduce costs as well as increase revenues. This partnership is in line with our strategic target of expanding our solutions portfolio to include most segments of the FinTech market.”

Founded 15 years ago, TRSYS is among the leading providers of payment and bank automation solutions in Central and Eastern Europe. The company aims to reinforce its position in the region by expanding its product portfolio to include branch automation solutions such as ATMS, Automatic Tellers, Automatic Payment Kiosks etc., enabling Financial Organizations in the region to achieve their digital transformation initiatives.

Transaction Systems announces new CEO

September 11, 2017, Moscow – Transaction Systems appoints Andrey Sokurenko as the new CEO of the company.

Andrey Sokurenko is an experienced executive and successful strategist possessing many years’ experience in international business development in the IT industry.

Andrey was born on February 6th, 1978, and graduated RUDN University in 2001. In 2004, he received his master’s degree in Business Management from the National Research University – Higher School of Economics of Moscow.

Andrey has been part of Kaspersky Lab team from 2006 to 2013, responsible for the expansion of sales channels for the b2c market in the countries of Western Europe, Middle East, Latin America and Africa.

He joined InfoWatch in 2013 as Director, International Business Development, engaged in international market analysis and development of global business strategy for G Data and InfoWatch companies. Under his management, the company established offices in Dubai and Kuala Lumpur and developed a partner network and customer database.

Andrey will focus on strengthening Transaction Systems’ position on the historical market of CIS countries, and on expanding business internationally. His main objectives are to evolve TRSYS’ international expertise in the acquiring market, enhance its brand recognition and product penetration in Southeast Europe.