Register for our free newsletter

 
 
Latest News

OMA Emirates to showcase wide range of solutions at Cards & Payments Middle East exhibition

Niranj Sangal

Presentations will focus on new developments and highlight the introduction of managed services

April 29, 2013 9:17 by



Sharjah, UAE, April 28, 2013:         OMA Emirates, a provider of cutting edge technology for the payment industry today announced that it will showcase its entire range of services at Cards & Payments Middle East exhibition at Dubai International Convention and Exhibition Centre on May 14 – 15, 2013. These include the NanoSwitch comprising of Card Management Systems (CMS), Merchant Management Systems (MMS), Clearing & Settlement Systems, Fraud Detection Management, payment terminals and applications, EMV solutions and NFC solutions. The company will also highlight its expertise in Managed Services for the financial and banking sector.

“The demand for specialized payment card solutions with low overheads to improve the cost efficiency has been increasing in the Middle East. Cards & Payments Middle East exhibition is the perfect platform for us to showcase our advanced hardware and software solutions. Sharing industry trends, meeting new vendors and existing and potential customers, demonstrating our products and services      will be an integral part of our participation in the exhibition.” said, Niranj Sangal, Group CEO, OMA Emirates – Solution Gulf.

Highlighting the new Managed Services, Sangal added, ”Keeping in mind today’s market scenario, in-premise managed services being used by banks and financial institutions are picking up in demand with as much as 20-30% increase in the MENA region. However, these services are currently not being offered as a complete package but as a select set of a maximum of single or two services.  We are confident that our full range of services which include services such as providing only the terminals with or without the software, for value added services as an end-to-end package will be well received at Cards & Payment Middle East.”

 

OMA Emirates will present its wide range of products and services at Stand No. L 50 and include:

EMV Card Issuance – Developed in-house, NanoPerso is well received by the industry based on the user friendly interface and highly customisable options. The technologically superior system enables magnetic stripe encoding as well as contact/contactless encoding. It offers a high level of security through encryption using key managed schemes and imported data from the CMS is provided with the cryptography using a Hardware Security Module. The solution controls issuance through personalization supporting multiple databases and allowing data retrieval, image capture, card issuance and reporting facilities.

Managed Services – OMA Emirates has set up a specialized cell to provide options for in-premise as well as to out-source several functions for financial institutions. The low investments in hardware, customized software, and manpower provided have a positive impact on costs as well as service efficiency. In-premise managed service cover functions such as data security, risk management, operations, etc.

NanoSwitch – Complying with strict EMV standards the NanoSwitch manages issuing (CMS) and acquiring Merchant Management System (MMS) functions for banking cards including card and merchant functionalities, payment authorization, clearing & settlement etc. It can be integrated with other third party systems and is based on an open platform which is forward and backward compatible.

 

Point Of Sale (POS) Applications – Processes all types of cards through real time authorization in a secure payment environment. It generates daily deposit, outstanding balance, operator and batch reports. Solutions include Dynamic Currency Conversion (DCC) an application designed to provide transaction details in both local currency and currency of the card holder. The payment by installment service on terminals enables customers to convert purchases into EMI schemes. Other services include payment of utilities bills, purchase of mobile top-up on POS terminals, loyalty on POS, etc.  The applications dynamic menu based screen and multilingual support along with its flexibility, accuracy, security, speed, low processing costs and ease of installation makes it ideal for businesses.

Near Field Communication (NFC) – OMA Emirates has the infrastructure for NFC Card Issuance and Certification and is also Trusted Service Manager (TSM) certified to do the same. NFC Technology allows smartphone users to use their mobile phones as banking cards in a Tap & Go process.

 

# ends #

 

For further information, contact:

OMA Emirates-Solution Gulf (Ingenico)

Sharjah, UAE

Tel: +971 6 573 0000

Fax: +971 6 573 6500

Email: [email protected]

 

About OMA Emirates-Solution Gulf

OMA Emirates-Solution Gulf is a leading service provider in the Middle East to the payment industry providing cutting edge technology solutions in the area of card personalization, payment issuance and payment acquiring systems through a global delivery platform. The company aims to help businesses achieve the highest efficiency levels possible by drawing on extensive and thorough research as well as hand-on experience with a large profile of high-performance businesses. OMA Emirates-Solution Gulf services together with the strategic partnerships with leading world-class technology partners have been designed to provide clients with a seamless customer experience throughout the interaction process.

 

For further press information, please contact:

Michelle Silva

OAK Consulting FZC

Email: [email protected]

Mob: +971 50 781 8568



More on Press Release

All Press Release

Leave a Comment