COSMOTE Payments selects Cambrist’s Notify Solution for CBPR2 Compliance

February, 2022 – Cambrist Ltd, an award-winning financial services technology company, today announces that COSMOTE Payments in Greece has chosen its Notify solution for CBPR2 compliance.

Cambrist’s Notify solution will provide COSMOTE Payments with a fully managed solution for compliance with phase I of the European Union’s Cross-Border Payment Regulation (EU CBPR2 2021/1230).  The Notify solution will ensure that COSMOTE Payments meets its regulatory obligations to present timely and accurate foreign currency card payment pricing to its customers.

Jeremy Boles, Cambrist’s Business Development Manager said: “We are very pleased to announce our collaboration with COSMOTE Payments in Greece. Our Notify solution enables convenient and effective CBPR2 compliance as either a fully managed service or an API-only solution. Now that cross-border card payments have returned to pre-pandemic levels, currency pricing and cost transparency are more important than ever.”

Cambrist’s Notify solution automates foreign currency cost calculations associated with payment card transactions and delivers relevant exchange rate information to cardholders, pursuant to the EU Cross-Border Payment Regulation (2021/1230). The solution currently provides CBPR2 compliance for well over 100 payment card programmes in 24 languages and 12 currencies across Europe.

About COSMOTE Payments

COSMOTE Payments, a subsidiary of OTE Group -the largest technology company in Greece-, was established in 2018 and has been licensed by the Bank of Greece as an e-money institution. In October 2022 COSMOTE Payments entered the retail market with the launch of “payzy by COSMOTE”, an e-transaction and mobile payment platform. Payzy allows users to access a broad range of e-payment and transaction solutions via their mobile phones, quickly, easily, and safely. COSMOTE Payments’ vision is to be the digital provider that creates innovative ways for people and businesses to transact.

About Cambrist
Cambrist is an award-winning technology company enabling payment card issuers & processors to better manage the foreign exchange requirements of their card programmes. Our proprietary SaaS platform and advanced data analytics, combined with our team of industry veterans & experts, supports customers around the globe.

Learn more about Cambrist at cambrist.com