PayNovus Automates Visa Card Programme Reporting & Reconciliation with Cambrist
PayNovus AD, an EU-regulated Electronic Money Institution and Visa Principal Member headquartered in Sofia, Bulgaria, providing both card issuing and card acquiring services across the European Economic Area, has implemented Cambrist's Reporting & Reconciliation platform to support the continued scaling of its white-label Visa card programmes. The partnership equips PayNovus's team with automated settlement data across all card programmes, reinforcing the operational foundation required to meet growing client demand.
Cambrist’s solution is specifically designed to automate the reconciliation of payments data derived from multiple sources (particularly card schemes & processors). By implementing the Cambrist platform, PayNovus is reducing the time its staff spend manually processing third-party data files every day and increasing the speed at which its Finance & Operations teams can reconcile and report on their Card Payments business.
"We are very pleased to be working with PayNovus", said Jeremy Boles, Cambrist's Head of Fintech Sales & Partnerships. "Our platform is specifically designed to support partners like PayNovus in automating their daily card payment programme reconciliation & reporting, particularly in shared BIN environments. We look forward to supporting PayNovus as they continue to grow their business.”
Sonya Valcheva, Team Lead of Issuing Department at PayNovus, said, "As our card programmes grow in volume and complexity, having reliable, automated reporting and reconciliation is a requirement. Cambrist's platform is excellent at automating and organising our daily card scheme & processor settlement data, eliminating manual processing and freeing us to focus on what matters most: scaling our issuing business and delivering for our clients. We are very pleased with both the platform and the partnership and look forward to growing together.”
About PayNovus
Founded in 1998, PayNovus has grown from its origins as TBI Credit into an EU-regulated Electronic Money Institution with over 25 years of expertise and €90M+ in assets. A Principal Member of Visa and Mastercard Worldwide and an authorised issuer of UnionPay cards, PayNovus delivers a true 360-degree payments proposition spanning direct acquiring, card issuing, and payment accounts across the European Economic Area. With dedicated merchant IDs, instant virtual and physical card issuance, secure multi-currency accounts, and expert-led compliance tailored for complex business models, PayNovus provides the operational foundation that EU-based businesses require to grow without compromise. As the first Bulgarian company to join the Digital Euro Association (DEA), PayNovus is committed to providing cutting-edge, secure, and adaptable solutions that empower businesses of every size and go beyond payments to shape what comes next. Learn more about PayNovus at www.paynovus.com .
About Cambrist
Cambrist offers a PCI certified SaaS platform which automates the processing of complex card scheme data to solve reporting, reconciliation and compliance challenges for Acquirers and Issuers at scale. Cambrist’s award-winning services are relied upon by banks and fintechs in more than 15 countries to provide automated merchant profitability analysis, card scheme reconciliation in multi-product issuers and cross-border payments regulatory compliance. Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com