ProviewThe software solution for transaction routing and management of payment terminals network TransLink.iQ, developed by ASHBURN International, owned by the Penki kontinentai group, received the gold medal of the annual Lithuanian Product of the Year competition. On 13 December, the Minister of Economy of Lithuania Virginijus Sinkevičius and the President of the Lithuanian Industrialists' Confederation Robertas Dargis presented the prestigious award to the ASHBURN International CEO Žoržas Šarafanovičius. 

"We are proud to say that TransLink.iQ is one of the most effective software solutions on the global market. It helps banks and processing centers to monitor and manage the payment terminals network, regardless of its size and complexity of the existing infrastructure. By means of a single tool - the comprehensive solution TransLink.iQ - you can automate the whole payment system, optimizing the financial institutions' costs", says Žoržas Šarafanovičius.

According to him, TransLink.iQ provides remote management of POS terminals network by one operator, who can install the updates, configure device settings or receive detailed information on each payment. The software is designed to meet the requirements of international payment systems, complies with EMV and the latest PCI security standards, which guarantees reliable protection of cardholder data.

Other TransLink.iQ advantages are flexibility and functionality. The solution architecture allows adapting it in accordance with the client's needs and the specifics of the existing infrastructure. TransLink.iQ allows accepting cards of different payment systems. It can be installed in the payment terminals of any manufacturer. Today TransLink.iQ works at Ingenico, Verifon and Pax Technology POS terminals and accepts cards (including contactless) of all international and some national payment systems.

"The TransLink.iQ system allows expanding the standard functionality of payment terminals and increases business profitability through the provision of additional services. Our solution transforms the relationship between the acquiring bank and its customer-merchant to a new level", said the representative of the ASHBURN International.

TransLink.iQ is appreciated not only in Lithuania, but also in the other Baltic States, Azerbaijan, Georgia, Uzbekistan, Kazakhstan, Turkmenistan, etc.

"It is a great honor and responsibility for our company to become the winner of the Lithuanian Product of the Year competition, which is recognized as the most important for the country's business community. This victory is the result of the team work - programmers, testers, managers and end users, whose feedback and suggestions allow us to improve the functionality of our solution," says Žoržas Šarafanovičius.

The Lithuanian Industrialists' Confederation has organized the Lithuanian Product of the Year competition for more than 20 years. The main goal is to increase competitiveness, present and strengthen market position for high-quality Lithuanian products. The organizers сontribute to the development of domestic business. This year the expert commission, which included representatives of various industries and businesses, nominated for awards 62 products in various business categories. Gold medals were awarded to 51 companies, silver to 11. TransLink.iQ is the only award-winning IT product this year.

From left to right: Tomas Navickas, Director of IT department of ASHBURN International, Executive Director Žoržas Šarafanovičius and Head of Business Development Department Tomas Šeikis