Postilion will present its payment processing solutions at the company's stand (R5), including contactless payments at the POS. Postilion consultants will also be available to discuss some of the biggest issues facing retailers and banks in the Middle East region, such as how to achieve PCI DSS compliance and the opportunities in the mobile banking and mobile payments sector.
Steve Kirrage, Senior Vice President and General Manager Middle East for Postilion, said, "The financial industry in the Middle East region is leading the way in developments such as contactless, mobile payments and stored value cards. An event such as MEFTEC provides financial institutions with a platform for sharing technology best practices. Postilion is ideally positioned to support these developments, thanks to its depth of industry knowledge and leading open systems payment solutions."
MEFTEC is held at the Bahrain International Exhibition and Convention Centre in Manama, Bahrain, under the patronage of the Central Bank of Bahrain. Powered by an invitation-only Hosted Delegate Programme, MEFTEC hosts financial technology executives from across the MEASA region to share experiences, identify best practice, and conduct business with specialist IT vendors.
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Postilion to showcase industry-leading open systems payment solutions at MEFTEC
- United Arab Emirates: Monday, February 11 - 2008 at 15:38
- PRESS RELEASE
Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation, announced that it will be exhibiting its innovative payment processing solutions at MEFTEC, the premier banking and financial technology event covering the Middle East, Africa, and South Asia (the MEASA region), on 11 and 12 February.
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About PostilionPostilion, a division of S1 Corporation, is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 380,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors. S1 employs over 1,400 people in operations throughout North America, Europe and Middle East, Africa, and Asia-Pacific regions. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and delivery channel. S1 partners with best-in-class organizations to provide flexible and extensible software solutions for its customers.
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Kato Oosthuizen
Tel. Number: +44 (0)1932 574 700
Abhijit Pradhan
Tel. Number: +971 4 390 1950
Posted by Medilyn Manibo, Assistant News EditorMonday, February 11 - 2008 at 15:38 UAE local time (GMT+4)
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