STS, the Solution Partner for MOF and NBAD, Successfully Delivers the Major Phase of eDirham G2

DUBAI, UAE, October 30, 2011 /PRNewswire/ --

eDirham G2 was among the most important enterprise projects and technical innovations which were launched at GITEX Technology Week 2011, which concluded recently.

UAE's Ministry of Finance (MOF) and National Bank of Abu Dhabi (NBAD) jointly announced the launch of eDirham G2 in a mutual press conference, after its inauguration by HH Sheikh Mohammad bin Rashid Al Maktoum, UAE's Vice President/ Prime Minister and Ruler of Dubai, during his visit to eDirham G2 booth in GITEX 2011.

By participating in GITEX 2011, MOF and NBAD highlighted the characteristics and features of eDirham G2, powered by a solution provided by STS. MOF and NBAD also demonstrated a number of functions and services provided by eDirham G2 for individual and corporate users in the public and private sectors. Such features shall enable users to make electronic payment against the services of governmental and non-governmental organizations, utilizing eDirham G2's online payment gateway as well as its wide network of POS terminals, using "AlHaslah" Prepaid cards, as well as traditional credit cards (e.g. Visa, MasterCard) and direct bank-account debit, such payments can be made with real-time connection with the electronic services provided by ministries and other eDirham G2 participating entities. STS delivered the current phase of the system by utilizing its PayONE™ software platform.

eDirham G2 introduces a new network of ATMs/ CDMs and a network of EFT POS terminals that enables customers to top-up their cards conveniently, and offers a range of customer care and technical support services integrated to an advanced call center, incident tracking system, a state-of-the-art self service portal as we as an SMS notification service.

Within the future coming phases of eDirham G2, MOF and NBAD plan to provide new and diverse features, including bill payment and extended  eCommerce services, as well as mobile payment, and single-use vouchers, and electronic wallet (virtual wallet).

In this regard, Mr. Ramzi Zeine, STS Executive Chairman said: "we are pleased with this achievement, which came after efforts spanning more than two years of hard work. This success further fosters STS position as a leader in providing ePayment solutions and services in the region." Zeine also indicated that the second generation of eDirham is a quantum leap that positions eDirham as a new benchmark in ePayment ecosystems worldwide. Zeine concluded by mentioning that the role of STS is not limited to providing an integrated technical solution, but includes the provision of 24*7 technical operation services as well.

Saif AlShehhi, Sr. General Manager/ Domestic Banking Sector at NBAD valued the MOF's trust in the alliance of NBAD and STS, and mentioned that NBAD is always keen on the best services, and added "choosing the right solution provider is a key contributor to the success of enterprise scale projects, and NBAD therefore selected STS, who proved to be a reliable partner that brings solid capabilities coupled with flexibility and team spirit. Our partnership with STS has helped us achieve successful delivery, despite the tough challenges we faced throughout different phases of the project."

It is worth mentioning that STS - headquartered in Jordan, with offices in UAE, KSA, Bahrain and Palestine- provides end to end ePayment solutions in the form of in-house implementations and outsourced transaction processing services, based on its software platform; PayONE™. Many enterprise entities in different market sectors in Middle East and Africa today utilize STS ePayment solutions and services to process millions of payment transactions annually.

This press release has been distributed by Bidaya Corporate Communications.

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