Network International licenses S1 Postilion to provide EMV-certified transaction processing services to retailers in the UAE
2nd August 2006: Network International, the region's most comprehensive card solutions provider, today announced the introduction of a new payment processing service for retailers, using the Postilion product family from S1 Corporation, a leading provider of financial and payment software solutions. The service, which is based on Postilion Realtime and eSocket.POS, is expected to provide retailers with dramatic savings and increased efficiency, as well as full EMV compliance. Implementation will be done by S1 and local system integrator Emirates Computers, which will manage the integration between eSocket.POS and retailers' integrated EFTPOS systems.
Network International is the first payment services provider in the UAE to offer a complete EMV-certified solution to retailers. Integrated EFTPOS remains fairly uncommon in the Middle East: many merchants, including some of the larger multi-lane retailers, use stand-alone bank-provided POS terminals. This type of deployment requires manual keying of information into the POS terminal. Where integrated EFTPOS does exist, it is still magnetic-stripe based, and provision needs to be made to accept EMV transactions.
Announcing the introduction of Postilion to this market, Network International's General Manager, Ram Chari said: "The UAE has a booming retail sector, which stands to benefit significantly from the introduction of Postilion technology. ECR integration through software (rather than through credit card swipe machines) means that cashiers need only complete one operation per customer. With our new Postilion-based service, double manual entry of EFT information is no longer needed at the POS, resulting in time saved per transaction and a higher throughput of retail customers at busy times."
Through the use of Postilion Realtime and eSocket.POS, Network International will be able to provide retail customers with sophisticated EFT services at the point of sale. eSocket.POS is an application designed to operate on individual cash registers or store servers, and communicates with the Postilion Realtime payment processing system. Whether retailers are looking for an in-store solution for POS payment processing or have multiple stores that require access to EFT
functionality, Postilion offers a POS payment solution for all deployment possibilities, including stand-alone dial-up POS terminals.
Commenting on the implementation, Haytham Kamel, Emirates Computers' VP & GM of Dubai & Northern Emirates said: "eSocket.POS was introduced to the market in early 2002 as a member of the Postilion product family and has since been implemented successfully at large retailers in Europe with hundreds of outlets and thousands of tills. We are proud to be supporting Network International on this project, working with a software product that has been rigorously tested and proven in the international retail market."
EMV compliance and faster check-out times are not the only benefits retailers can gain from using Postilion. As Steve Kirrage, S1's VP Business Development for Central Europe and Middle East pointed out: "Retailers who use Postilion and eSocket.POS can easily expand into new delivery channels and add advanced transactions such as mobile prepay top-up to their integrated EFTPOS environments. Several of our European retail customers have proved the business benefits of these additional services at the POS over the past four years."
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About Network InternationalEstablished in 1994, Network International LLC is today one of the leading credit card and payment services providers in the Gulf and Middle East Region geared to meet the needs of Banks, Financial institutions, and large and individual retailers.
The company is a Principal Member of Visa International and MasterCard International offering customers the most comprehensive range of products and services in both the Issuing and Acquiring segment of the card industry, in the Gulf and Middle East region and beyond.
In addition to the processing and management services offered, Network also provides Consultancy services ranging form Planning and designing, to developing of new products and services and providing sponsorship with Visa and MasterCard International.
To date Network International provides credit and debit card processing services, ATM sharing and ATM management services to more than 25 Banks in the region and manages one of the most extensive ATM networks exceeding 130 ATMs.
For more information, please visit www.network.ae
About Emirates ComputersEmirates Computers (EC) is a leading technology company based in the United Arab Emirates. Since its inception in 1978, EC has been helping customers benefit from technology by providing cost-effective quality solutions and professional services that match the highest international standards. These services range from mobile communication devices to advanced supercomputers, from small LANs to integrated multimedia WANs, and from internally developed bilingual applications to enterprise-wide management and decision support systems.
For more information, please visit www.emiratescomputers.ae
About S1 Corporation
S1 Corporation is a leading provider of customer interaction software solutions for financial services and offers unique solution sets for specific market segments, including financial institutions, retailers, processors and telcos. S1 employs 1,300 people in operations in the North America, Europe and Middle East, Africa, and Asia-Pacific regions. Worldwide, more than 3,000 customers use S1 software solutions for financial and payment services. S1 partners with best-in-class organizations to provide flexible and extensible software solutions for its customers. Through the establishment of strategic alliances with the world's leading companies, S1 is successfully accelerating the pace of innovation, implementation, and service delivery.
The payments software solution, Postilion, was added to S1's software solutions when it acquired Mosaic Software in November 2004. Postilion drives payments, including advanced financial transactions such as prepay and self-service, through ATMs, POS terminals, phones, and Internet access points. Postilion provides consolidated management information, integrated card management, EMV chip enablement, and loyalty software solutions. Postilion reduces transaction processing costs, speeds time to market for new products and offerings, improves analysis of customer transactions and business opportunities, and increases profitability. Postilion is at the forefront of next-generation payments processing software - More than 250 customers in over 50 countries use Postilion to provide leading-edge consumer transaction processing.
For more information, please visit www.s1.com
Issued on behalf of Network International by Partnership Public Relations. For more information, please contact:
Rohini/Anju/Yona
Partnership PR
Tel: +971 4 282 0044
Email: pr@partnershipme.com
www.partnershipme.com
Issued on behalf of S1 by Axicom:
For more information, please contact
Mark Kember
Axicom
Tel: +44 (0)20 8392 4050
Email: mark.kember@axicom.com
www.axicom.com
© Press Release 2006
