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2010 Press Releases Archive
	ICC and Jordan Trade Facilities sign a co-branding agreement
	ICC Launches Innovative Payment and Card Services Through WAY4

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International Cards Company and Jordan Trade Facilities sign a co-branding agreement

[Amman, Jordan - 13th April 2010] International Cards Company (ICC) launched its co-branded MasterCard® credit card with Jordan Trade Facilities (JTFC), enabling JTFC customers to enjoy a new range of services through the co-branded credit card. The new co-branded credit card is accepted in around 30 million locations in Jordan and abroad. Cardholders can also take advantage of cash advance through over 1.5 million ATMs in addition to convenient and innovative monthly payment solutions at highly attractive interest rates. Cardholders will also benefit from the existing privileges of carrying an ICC MasterCard® credit card; namely 24-hour customer service, full delivery services and a bundle of value added services.

The announcement of the agreement was made during a press conference at the Intercontinental Hotel in Amman, chaired by Khalil Alami, Chief Executive Officer of ICC, Hisham Jaber, General Manager of Jordan Trade Facilities Company and Basel Eltell, Vice President and Regional Manager, Levant of MasterCard® Worldwide.

ICC’s MasterCard® co-branded programs are designed to combine the power and reach of its institution with the extended benefits, strength and recognition of its co-branded partner to customize and deliver card programs that are tailor-made to customers’ needs. The mutual decision to develop a partnership between ICC and JTFC is a result of the synergy between the two companies and their common interest to best serve their clients by continuing to develop new and innovative payment solutions.

Khalil Alami, CEO of ICC, said, "We at ICC are extremely pleased with this co-branded program with JTFC who is considered a leader in personal financing. We are also pleased to announce that the co-branded MasterCard® program will use the latest in cutting-edge EMV technology, a technology ICC has implemented in the Jordanian card payment industry in line with international standards”.

ICC has been a principal member of MasterCard® since 1999 and over the course of the past 11 years, the company has been a firm believer in delivering services that are a “first of their kind” in the Jordanian market, MasterCard® co-branded cards being one of them. “The first co-branded card we launched was in 2001. It went on to become a success in the Jordanian credit card market due to its novelty and need-based approach, paving the way for nine more vastly successful MasterCard® co-branded programs,” added Alami.

On his part, General Manager of Jordan Trade Facilities Company, Hisham Jaber commented, “We are excited to partner with ICC to enhance our full service line of financial products. Our clients will soon have the convenience and personal touch associated with a JTFC credit card, combined with all the amenities of a worldwide credit card program."

“As a result of this collaboration between ICC and JFTC, cardholders will certainly enjoy added benefits as well as the security and convenience of using their MasterCard® card at 30 million acceptance locations worldwide”, said Basel Eltell, Vice President and regional manager, Levant, MasterCard® Worldwide. “The comfortable and flexible payment facilities that this co-brand card offers are in great demand by cardholders in Jordan. This association demonstrates the commitment of MasterCard® to develop local solutions to meet cardholder needs”.

In addition to better serving customers, ICC’s co-brand programs also add value to partner brands through greater exposure and an opportunity for significant growth in the market due to an additional revenue stream.

International Cards Company Raises Capital to JD 10 million International Cards Company and International Brokerage and Financial Markets Company Announce Strategic Partnership

[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

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.

International Cards Company (ICC), Launches Innovative Payment and Card Services Through WAY4

[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.

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.