Smarter Commerce IBM Software Financial Services Founded in 1989 and employing 90 people, JCC Payment Systems Ltd is the leading provider of credit- and debit-card transaction processing and settlement services in Cyprus. T oday, the company connects with over 20,000 card acceptance points on the island, and processes more than 85,000 transactions daily. Faster payments, lower cost With adoption of the Single Euro Payments Area (SEPA) initiative gaining pace across Europe, JCC wanted to ensure that its bank and creditor customers in Cyprus could obtain the benefits of the streamlined payment process. Demetris Papaphillipou, SEPA DD Project Manager at JCC Payment Systems Ltd., explains: “Previously, our creditors had to open separate accounts with every bank whose customers they wi

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