Taking the sting out of payment processing, EFiS implements tailored end-to-end solutions powered by a state-of-the-art IT backbone. The family-owned business declines to outsource any of its operations, preferring to keep all processes in-house. This allows EFiS to guarantee perfect 100% performance at all times.
Payment processing is no longer the simple linear task it used to be decades ago. Today’s transactions call for transparency, traceability, compliance, and involve risk and liquidity management as well. Add to all that the need for speed and the complexity of the task becomes clear.
EFiS has developed proprietary software to run its own wholly owned data centres and thus ensure self-sufficiency and, most importantly, perfect security. The company, headquartered near Frankfurt, serves customers globally and maintains offices in six European countries. Its solutions are mainly used by financial services providers and businesses of all sizes from global players to small and medium-sized enterprises. Amongst its customers are ten DAX30 companies in Germany.
With its continuous process monitoring facility, EFiS allows customers to gain instant access to all relevant payment data. The company also developed a cross-platform app for instant payments, which is based upon their instant payment framework (IPF). EFiS is justifiably proud to offer fast time-to-market solutions – another benefit of its in-house sourcing of solutions.
The CFI.co judging panel notes that the company dedicates significant resources to staff training and skills development. The judges agree to name EFiS EDI Finance Service AG winner of the 2017 Best Payment Transaction Solutions Europe Award.