The Icon Payments Framework (IPF) Achieves AWS Qualified Software Status to Empower Cloud-Native Payments Transformation

23 November 2023

Icon Solutions today announces that its Icon Payments Framework (IPF) – a low-code, cloud-native, open source-based technology framework used by leading banks globally – has been awarded ‘Qualified Software’ status by Amazon Web Services (AWS). Icon has also become a member of the Amazon Partner Network.

IPF simplifies payments transformation by allowing banks to develop their own payment processing solutions or have them built by Icon. Banks can control their costs, build and risks by leveraging the IPF software development kit and optional modules or scheme packs, delivering more value and unlocking new revenue streams.

Achieving ‘Qualified Software’ status demonstrates that IPF has been validated as meeting the best-in-class performance, security and reliability standards required to run seamlessly on AWS cloud infrastructure.

Icon has also become a member of the Amazon Partner Network as part of its commitment to enabling a cloud-native approach to payments transformation. Icon will leverage AWS microservices to accelerate cloud transformation, improve the efficiency of payments processing, and help banks develop, deploy and scale payment applications in the cloud.

“Banks are increasingly moving their services to the cloud to cope with the surge in instant payment volumes and enable the agility to keep pace with evolving customer expectations and competitive pressures,” comments Donal Fleming, Chief Technology Officer at Icon Solutions.

“Microservices are part of a cloud-native approach to software development that reduces the cost and time involved in migrating, creating, and managing applications on the cloud. Our partnership with AWS will help banks leverage the benefits of a cloud-native architecture to build secure, resilient and flexible applications that can be scaled with ease,” he continues.

Laurie Foley, IPF Channel Manager at Icon, adds: “Icon is creating a growing ecosystem of partners to give banks the tools they need to achieve a successful payments transformation. Achieving Qualified Software status gives banks the assurance that IPF will run in an efficient, scalable and secure manner on the AWS cloud. But more than that, it demonstrates a wider commitment to empowering banks to take control and respond to rapidly evolving customer, regulatory and innovation demands through the cloud.”

Learn more about IPF and how it simplifies payments transformation.

For further Icon media information, please contact Ellie Fingleton at iseepr: / +44 (0) 113 350 1922

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About Icon Solutions

Icon Solutions is a leading specialist provider of payments technology and consultancy services simplifying banking transformation.

Icon is the past, present and future of payments. With a proven track record of delivering mission-critical solutions for Tier 1 banks, Icon is driving innovation in banking and payments. Icon combines industry-leading domain experts, services, accelerator assets and technology that empower customers to solve problems, fight complexity and embrace change.

Icon has applied its payments, technical and integration expertise to create the Icon Payments Framework (IPF), a low-code, cloud-native, open source-based technology framework. IPF enables banks to develop their own payment processing solution by leveraging the IPF software development kit and any desired optional modules or ready-made scheme packs. This can be done by the banks themselves or with help from Icon or a System Integrator. This is a fundamentally different approach to traditional vendors, with Icon’s software development kit being an integral part of the bank’s CI/CD pipeline, enabling banks to take control. This limits vendor technology lock-in but still enables banks to leverage Icon’s payments strategy and architecture pedigree. | LinkedIn | YouTube

Categories: Press Release