Global Processing Services will power Lanistar’s polymorphic debit card in a new deal aimed at transforming baking for the millennial and Gen-Z market.
The deal will see Lanistar leverage GPS’ Apex issuer processing platform, which is taking advantage of an evolving and growing suite of APIs.
“Lanistar is here to disrupt the banking industry entirely and we need to work with the best partners to make that happen,” said Gurhan Kiziloz, CEO of Lanistar. “By working with GPS, we will be able to manage and process our cardholders’ transactions seamlessly and provide the slick customer experience that traditional banks are lacking.”
Neil Harris, group chief commercial officer of GPS, added, “As The PayTech Pioneer, GPS prides itself on working with some of the most innovative FinTechs in the ecosystem, and Lanistar is no exception.
“Their use of cutting-edge technology, particularly polymorphic technology, as well as their innovative engagement on social media, are clear differentiators that sets them apart from other FinTechs in the market, all whilst seeking to disrupt the status quo and shaking the banking stalwarts from their slumber.
“Lanistar are a truly engaged and exciting FinTech to work with, and we very much look forward to supporting their journey as they look to establish themselves as the go-to banking alternative product of choice for millennials and Gen-Z.”
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