Figures collated upto August 2002, show a growth of over 500% on the number of authorized online payment transactions made for the same period last year.
Ahmad Abdul Karim Julfar, General Manager (Designate), Comtrust commented, 'Over the course of the year, Comtrust has continued to see significant growth in the e-Payments area and for our Secure ePayment technologies. The figures are a clear endorsement of the developments we have made in the security and authorization of online technologies, and the faith of consumers, in those solutions. It is also a clear indication that organizations are taking the e-channels seriously, as they react to the opportunities to gain the business benefits of the digital economy.'
Comtrust is committed to driving the e-business market in the Middle East, and continues to develop solutions that create a safe environment to conduct business over the Internet. The fundamental concern for banks, card associations, merchants and consumers is the transactional security involved in electronic transactions over the Internet. Comtrust's suite of security solutions and its secure e-payment solution address these concerns ensuring a flexible, secure and robust e-solution to merchants. Comtrust Online Payment Service enables on-line merchants to initiate the authorization and settlement by their acquiring bank for online transactions, as well as to perform adjustments such as reversals and credits on previous requests.
Online payment transactions in the Middle East continue to grow significantly
Comtrust, the e-solutions business unit of Etisalat, today released the latest online payment transaction figures for the UAE, which support continued growth in the e-Payments market.
- United Arab Emirates: Monday, October 14 - 2002 at 13:30
- PRESS RELEASE
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About ComtrustComtrust, the e-solutions business unit of Etisalat - Emirates Telecommunications Corporation - the national telecom of the United Arab Emirates, was launched in 2000 to bridge the gap in the market for a secure e-business solutions provider. Recognizing the potential and global implications of e-business, Comtrust has invested in state-of-the-art infrastructure and a highly skilled technological and managerial taskforce. Comtrust is the only comprehensive e-business infrastructure provider in the Middle East region, providing a one-stop-shop for all e-business services, infrastructure and strategies.
Comtrust offers e-business solutions in the areas of Business-to-Business, Business-to-Consumer and eGovernment services. The suite of services include secure online payments, dedicated e-hosting, managed security solutions, digital certificate based security solutions and e-retailing solutions.
Comtrust also provides 24x7 professional support for all our services. Comtrust addresses the requirements of security for e-business transactions through a variety of mediums and mechanisms. These solutions are based on providing the key elements for a robust e-business solution; viz. Public Key Infrastructure (PKI) for security, dedicated e-hosting for mission critical applications and Internet based epayments transactions processing.
Your media contacts for further information
Comtrust - Tania Rozario
Tel : +971 4 202 1205
Gulf Hill & Knowlton - Gareth Cater
Tel: +971 4 3344930
Posted by Anne-Birte Stensgaard, News EditorMonday, October 14 - 2002 at 13:30 UAE local time (GMT+4)
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This Article was updated on Wednesday, September 10 - 2003
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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