ICC and OpenWay Elevate Card and Payment Processing Market
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 and Mr. Basel Eltell, vice president and regional manager, Levant, MasterCard Worldwide.
January 31, 2010
ICC will leverage WAY4, with its high-speed processing, advanced management tools, and comprehensive card management facilities, to develop customer-centric and flexible payment products with extraordinarily high security. The new platform provides 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.
The press conference devoted to the new partnership took place on January 31 at the Four Seasons Hotel – Amman and was chaired by Mr. Khalil Alami, Chief Executive Officer of ICC, Mr. Wim Pardon, Managing Director of OpenWay for Europe and the Middle East, Mr. Sophocles Ioannou, OpenWay Regional Manager for Mediterranean and Levant, and Mr. Basel El-Tell, Vice President and Country Manager, Levant of MasterCard Worldwide.
“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."
"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."
International Cards Company (ICC) was established in 1999 as a limited liability financial services company with a paid-up capital of JOD 500,000. In 2006, ICC transferred its company status to a public shareholding company listed on the Amman Stock Exchange with a paid-up capital of JOD 10 million. Today, the paid-up capital stands at JOD 14.73 million with a registered capital of JOD 18 million.
As a principal member of MasterCard® Worldwide and a super agent for MoneyGram® International, ICC provides a full spectrum of comprehensive card payment and money transfer services to meet the needs of its clients. This includes offering payment services to consumers in the form of issuing credit cards, to merchants by providing card acquiring mechanisms and to banks by managing their card issuing and processing. ICC also provides instant money transfer services to over 190 countries and territories around the world.
Exponential growth has been a trend at ICC allowing it to become a leading principal member of MasterCard branded payment cards in Jordan. The company offers its services through its main branch located in Shmeisani and seven other locations spread across the Kingdom.
With its vast knowledge, state-of-the-art systems and extensive experience in the industry, ICC offers expertise and sophisticated technology to enable efficient, convenient and secure payment solutions.
OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.
OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.
Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.
Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:
- Equens, Western Europe (SEPA-acquiring of 0.5 million merchants on WAY4)
- Savings Bank of Russia (issuing and acquiring back-office, and authorization switch for 140 million credit and debit cards on WAY4)
- SIX Group, a leading European payment company processing over 4,000,000 cards and migrated over 30 banks to WAY4 within 15 months
- Comdata, USA (commercial cards on WAY4)
- Network International, the Middle East (a processing center with approximately 60 banks on WAY4)
- Raiffeisenbank Int., Eastern Europe (a processing center for 15 banks and countries on WAY4)
- Bank Audi, MENA region (more than 40 card products on WAY4 including NFC)
- Halyk Bank of Kazakhstan (the first bank to launch Visa P2P Mobile Transfers)
- Lukoil Intercard, Eastern Europe (B2B fuel cards with comprehensive loyalty services on WAY4)
WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.
OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.