Bahrain-based International Payment Services, a third-party payment processing company, has signed a purchase agreement with BPC Banking Technologies, a leading provider of open system e-payment solutions for the global financial industry, for its payment processing platform SmartVista. 

 

The agreement was signed by Ebrahim Janahi, chief executive officer of International Payment Services,  and Angelo Bertini, senior vice president and managing director of BPC Banking Technologies, MEA region.

 

IPS has selected SmartVista platform to perform core business activities that involve formulating innovative electronic payment solutions for various businesses, ensuring high standards and a competitive price, managing all its services of credit and debit card issuing and ATM acquiring business as part of a single-platform solution. 

 

IPS will benefit from SmartVista's integrated capability for authorization and switching, fraud monitoring and risk management, disputes and chargeback handling, and ATM management, said a statement. 

Janahi said: “We are delighted to partner with BPC Banking Technologies to further support the growth of our clients’ services. SmartVista solution fully serves our business and fully supports our client- centered payments approach.” 

 

Bertini said: “With over 20 national banks and independent processing companies worldwide, BPC has market proven expertise on how to establish processing services business from scratch. IPS now has a full SmartVista suite which has enabled the company to run their platform on their own, to reduce time-to-market thanks to transparent product launch processes and new client acquisition. BPC is happy to offer IPS a special integration platform, highlighted by its scalable and flexible architecture to ensure the future proof business of the company in any region they would like to enter.” - TradeArabia News Service