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International Cards Company (ICC), Launches Innovative Payment and Card Services Through WAY4 MasterCard Cardholders to Enjoy New Services
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[Amman, Jordan – 31st January, 2010]
International Cards Company (ICC) has announced the launch of a new range of services in partnership with OpenWay, a premier international software company specializing in payment processing for electronic financial cards. The announcement was made during a press conference at the Four Seasons Hotel in Amman, chaired by Mr. Khalil Alami, Chief Executive Officer of ICC, Mr. Wim Pardon, Managing Director of OpenWay for Europe and the Middle East, Mr. Basel Eltell, vice president and regional manager, Levant, MasterCard Worldwide and Mr. Sophocles Ioannou, Regional Manager of OpenWay for the Mediterranean and Levant.
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ICC is the first user of OpenWay's WAY4 software solutions in Jordan. WAY4 enables ICC to implement EMV standards, becoming the first company in Jordan to do so for both issuing and acquiring businesses. This partnership is a key factor in ensuring ICC’s objective of being recognized as a successful player in the payment and financial services market.
WAY4 is an efficient, state-of-the-art, versatile payment processing platform that manages credit, debit and prepaid cards, ATM Point of Sale systems, as well as administers corporate products. The platform is a customer, product, client, account-based system that is EMV and PCI compliant. Utilized by over 90 banks and other organizations in the Middle East, Europe, North America and Asia, WAY4 is able to handle an estimated 3,000 transactions each second.
“We are extremely pleased with our alliance with OpenWay,” stated ICC’s CEO Khalil Alami. “We selected OpenWay because of their considerable experience with processors, as well as WAY4’s impeccable worldwide reputation. This software offers our customers a greater, more innovative range of services, meeting the high standards for which we continuously strive for at ICC. The strong relationship between ICC and OpenWay is integral to the success and continued growth of our existing business, and our upcoming regional expansion.”Wim Pardon, Managing Director of OpenWay, Europe and Middle East commented, "We are very excited to have penetrated the new booming Jordanian market for OpenWay. We are also very glad to have been selected by ICC given their sophisticated business methodologies and advanced products and service modules. We look forward to being innovators in Jordan together with ICC."
By implementing the WAY4 software, ICC’s technology will enable it to develop customer-centric and flexible products with extraordinarily high security. It will also provide ICC with a greater opportunity to partner with more banks in Jordan by handling their credit and debit card business through issuing and processing. By adopting WAY4, ICC ensures a vast increase in speed and efficiency in delivering customer requirements, and will offer high-speed processing, advanced management tools, and comprehensive card management facilities.
Encompassing EMV standards will result in greater credibility for ICC. ICC already enjoys a stellar reputation in the financial services industry, and the company’s recent partnership with OpenWay only serves to strengthen the ICC name and good standing in the payment and card business.
"As a result of this strategic collaboration between ICC and OpenWay, MasterCard cardholders will certainly enjoy customized and secure payment solutions" said Basel Eltell, vice president and regional manager, Levant, MasterCard Worldwide. "Such services are in great demand by our cardholders in Jordan. This association demonstrates the commitment of MasterCard to develop local solutions."
ICC’s technology will enable it to aggressively move ahead of its competition with the now completed expansion and installment of its technology – the EMV Personalization and Data Center, which the company has installed through Infotec systems Jordan, a leading card-based solutions provider which is primarily focused on the banking and the secure ID card issuing markets.
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International Cards Company Raises Capital to JD 10 million
International Cards Company and International Brokerage and Financial Markets Company Announce Strategic Partnership
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[Amman, Jordan – February 28th , 2006]Amman, March 1st, 2006 - International Cards Company (ICC) announced on Thursday, February 23, 2006 its strategic partnership with International Brokerage and Financial Markets Company (IBFM) and a group of other investors. This puts ICC's capital at JD 10 million. This partnership will support the company in providing even higher quality services to its current and future clients, as well as extending products and services to include a comprehensive selection of alternate financial solutions.
The partnership is set to contribute to the development of IBFM business and services on both a local and regional level. It will entitle its clients to automatically obtain an ICC MasterCard credit card as the initial benefit of this distinguished partnership, and as the first step towards providing its clients with high end integral financial services.
Under this new partnership, IBFM will provide consultancy services – as the Underwriter to transform ICC into a public shareholding company.
Mr. Khalil Al-Alami, deputy general manager of ICC, said: "We are pleased to have established the mutually beneficial and constructive partnership with IBFM. The company was able to prove itself in acquiring people’s trust in the local market within a short period of time. This new partnership will contribute to expanding our client portfolio and positively reflect on the revenues and profits of ICC. It will also open doors for us to offer an expanded selection of innovative and creative services.”
Commenting on this partnership Mrs. Maha Hammad, deputy general manager of IBFM, said: “ICC works in an alternate and complementing financial field, this strategic move will enable us to provide integrated solutions for our clients. We strongly believe this partnership will provide a win-win situation for both parties. We believe that ICC has vast and advanced capabilities as well as a very high potential for growth.”
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC services a large group of reputed individuals and companies from different sectors and backgrounds. No card is more accepted than MasterCard at over 24 million locations worldwide.
ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan.
| For more information contact: |
Reem Maroun
Business Development Manager
International Cards Company |
Tel: +962 6 5660 660
Fax: +962 6 5650 822
Email: Rmaroun@kartee.com.jo |
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Editor's Notes:
International Cards Company (ICC)
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan. ICC employs more than 60 people and has a large and diverse base of clientele and customers. It cooperates with a network of three major banks in Jordan.
International Brokerage and Financial Markets Company (IBFM)
Established in 2005 as a public shareholding limited company, IBFM has the expertise to offer financial consulting and advisory of the best quality with a concentration in asset management, IPO management, integrated brokerage and underwriting. The services pertain to the local, regional and International markets. IBFM has a state of the art, high end market watch room for monitoring trends and alerts. IBFM will provide channels for clients to productively access and manage their portfolios online.
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International Cards Company Launches New ICC MasterCard 2006
FIFA World Cup™ Credit Card
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Apply for the new ICC MasterCard 2006 FIFA World Cup™ card
and win a prize package to watch a match in Germany.
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[Amman, Jordan – March 5th , 2006] With the excitement of the upcoming 2006 FIFA World Cup™ matches in Germany, International Cards Company (ICC) has launched its ICC MasterCard 2006 FIFA World Cup™ credit card.
The new card features an energetic design with a picture of a football integrated into the word “goal”. ICC MasterCard 2006 FIFA World Cup™ credit card holders will automatically be entered into a draw to win a prize package that includes one match ticket, two night stay in a four star hotel, airport transportation, pre-match drinks and stadium transportation. The match tickets are courtesy of MasterCard International.
A total of four prize packages are available. Those eligible to win are current ICC MasterCard credit card holders, new ICC MasterCard 2006 FIFA World Cup™ credit card holders, and anyone who has a MasterCard credit card from the ICC affiliate banks, Export Finance Bank, Jordan Kuwait Bank and Egyptian Arab Land Bank.
To qualify for entering the draw the MasterCard credit card holder must simply use their ICC MasterCard 2006 FIFA World Cup™ credit card to purchase anything twelve times or more before March 31th, 2006. This will automatically enter the cardholder in the draw to win one of the four prize packages. Chances to win are increased the more frequently the ICC MasterCard 2006 FIFA World Cup™ credit card is used.
ICC are also offering merchants the chance to win. Conditions for an ICC merchant to win include utilizing the ICC MasterCard 2006 FIFA World Cup™ credit card point of sale service (POS) for over 30 transactions. With the increased use of the ICC MasterCard credit card or ICC POS, the more likely to win the prize.
The Deputy General Manager of ICC, Mr. Khalil Al-Alami said, “MasterCard International is the Official Sponsor for the 2006 FIFA World Cup and had began its alliance with FIFA World Cup since 1990. International Cards Company is a firm supporter of all sports and this year tends to emphasize the 2006 FIFA World Cup culture on a local level.”
“MasterCard is delighted to have collaborated with ICC on this exciting, benefit loaded ICC MasterCard 2006 FIFA World Cup™ credit card. FIFA World Cup™ card programs have been rolled out across the globe and this card enables Jordanian cardholders the opportunity to get closer to the game they love.”, added Denzil Lawson, Senior Vice President and General Manager, Middle East & North Africa, MasterCard International.
ICC MasterCard 2006 FIFA World Cup™ credit card holders will get all the benefits and features provided by ICC such as 24 hour boutique customer care, full delivery service for the application, card and payments. MasterCard cardholders can use their cards at more than 24 million acceptance locations around the world, including over 1 million ATMs and other locations where cash can be obtained.
ICC’s vast network consists of a substantial and diversified client base of individuals and reputable establishments In 2004 ICC expanded its product base and services by becoming a Super Agent of MoneyGram® International for money transfer with the authority to grant membership.
| For more information contact: |
Reem Maroun
Business Development Manager
International Cards Company |
Tel: +962 6 5660 660
Fax: +962 6 5650 822
Email: Rmaroun@kartee.com.jo |
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About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard manages a family of well-known, widely accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless® advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information, go to www.mastercardinternational.com.
| For more information about MasterCard International, please contact: |
Vicki Morley
GolinHarris
Tel: +9714 332 3308 extn 203
Email: vmorley@golinharris.com |
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