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Transact24 Limited is incorporated with its Head Office in Hong Kong with operations, technical and support centers in Hong Kong, Zhuhai (China) and South Africa. Regional registered satellite offices are located in Australia, Austria, the UK, Indonesia, Macau and the USA.

Established in 2006, the company was formed by a Swedish Venture Capital entity and staff with Hong Kong as its chosen domicile to capture the emerging Chinese online market. Our staff is a mix of western and Chinese, with the focus of our business being to become the Internet Payment Service Provider (iPSP) of choice for the emerging markets in Asia and the Southern hemisphere.

Strategic alliances with unique iPSP operators soon culminated in an abundance of services that are made available to merchants worldwide via a single API integration. These services include inter Alipay, Entropay, Envoy and China Union Pay, the latter specifically for the Chinese market.

Our Solutions

Acquiring

Since its inception in September 2006, T24 offered Payment Service Provider (PSP) services. T24 has a PCI DSS (Payment Card Industry Data Security Standard) Level 1 compliant payment switch that is connected to multiple acquiring banks and processing institutions in Europe, Australasia, South East Asia, Africa and China, offering Internet merchants payment options such as Visa, MasterCard and Chinese Debit and Credit Card processing.

Auto Clearing House (ACH)

In 2008, T24 acquired Tin16 Datenverarbeitungs AG, a Vienna incorporated company with ACH technology and ACH processing agreement with Deutsche Bank Americas.

T24 is a Third Party processor working directly with ODFI’s based in the US and US territories. We offer processing services for US based merchants in various industries.

Prepaid Card Issuing

In 2010, T24 closed the loop in the facilitation of payments by becoming a Program Manager for the issuing of Prepaid transactional cards. This it does in cooperation with its FSA regulated BIN Sponsor, Cashflows and Visa and MasterCard. The card issuing is done via its full subsidiary, Tansact24 Trading Ltd., based in Gibraltar.

In November 2011, T24 launched three T24 branded Prepaid Visa products for the international market; T24BlackCard, T24PayVault and T24BlackShied.

Technical Capabilities

The T24 IT team specializes in building and supporting high volume and secures transactional processing systems. T24 also provides consulting and technology solutions to a wide range of clients in the Payment space.

T24 has over 30 experienced developers capable of building software using Java, python, PHP and .Net. The frameworks are used extensively across all languages. All of the transactional systems use Oracle 10 or 11g and engineers are comfortable with all major databases including MS SQL server, MySQL and PostGresSQL.

T24 has a technically strong multi-disciplined team of systems engineers, who provide 24 hour support for the PCI DSS level 1 transactional processing systems and hosting environment. Skills cover all major operating systems, networking, and virtualization. The teams core technologies are UNIX /*nix, Microsoft Windows Server, Cisco, Oracle and SQL Server.

T24 strictly follows an agile development approach using the scrum project management approach and applies rigorous software engineering practice to maximize quality. The development team is supported by a team of over 10 quality assurance engineers, 3 project managers and a business analyst.

 

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