Casablanca, May 15, 2025 (GLOBE NEWSWIRE) — QKS Group has named HPS a technology leader in its SPARK Matrix™: Card Management Systems, 2024. The SPARK Matrix™ analyses vendors based on technology excellence and customer impact. HPS’s PowerCARD platform enables seamless issuance and management of credit, debit, and prepaid cards across multiple channels (ATM, POS, mobile, online). Its multi-currency, multi-product, and multi-institution capabilities offer flexibility for managing global card portfolios through Unified and Composable Experiences. PowerCARD’s robust rule-based engines, back-office support, and integrated fraud and risk management enhance operational efficiency and regulatory compliance.
QKS Group defines CMS as software solutions that manage the complete lifecycle of payment cards, encompassing functionalities such as billing, support for multiple payment types (including mobile and contactless), account management, and integration with ATM and POS systems. These solutions also handle card transaction processing, API integration with digital banking and other core banking applications, as well as clearing and settlement operations. Additionally, CMS platforms support credit scoring, dispute resolution, microfinance services, and merchant servicing. They further enable corporate card issuance and comprehensive expense management capabilities.
“HPS offers a comprehensive platform for financial institutions to transform their card management operations,” says Sriram S R, Senior Analyst at QKS Group. “PowerCARD enables efficient card issuance and transaction processing across multiple channels through …