TORUS
Banks and payment service providers have a huge challenge to understand fees by payment schemes like Visa and Mastercard. And on top of that rules are changed often, so a lot of resources are needed to analyze that. This means that they end up overpaying the fees. Torus was formed last year by ex-Mastercard executives to fight this problem. We develop a cloud-based analytical product, which helps banks and payment service providers to control the payment scheme fees and save up to 20% of the costs. Using the data available in banks, Torus solution enables banks and payment service providers to analyze their fees spent on card schemes in a more granular way, reconcile and forecast them as well as unleash the potential for optimization.
TORUS
Industry:
Banking Big Data FinTech Payments SaaS
Founded:
2020-06-01
Address:
Vilnius, Vilniaus Apskritis, Lithuania
Country:
Lithuania
Website Url:
http://www.torusadvisors.com
Total Employee:
1+
Status:
Active
Email Addresses:
[email protected]
Total Funding:
157.5 K EUR
Technology used in webpage:
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Official Site Inspections
http://www.torusadvisors.com
- Host name: 172.67.71.97
- IP address: 172.67.71.97
- Location: United States
- Latitude: 37.751
- Longitude: -97.822
- Timezone: America/Chicago
