STS expands PayONE offerings in bid to further the adoption of innovative e-payment services in Middle East
Specialized Technical Services (STS), a leading e-payment solutions provider from Jordan, is looking to accelerate the spread of electronic commerce and e-government service provision by expanding the features of PayONE Platform for electronic payment and transfer solutions. The STS electronic payment platform seeks to cater for the increasing demand for usable e-payment solutions in line of the beginning of the spread of e-services in the private and public sectors, in a time that other traditional payment methods like cash and cheques are still having the lion’s share of the payment and transfer market in the region.
Ramzi Zeine, Chairman, STS, says: “The region is making rapid strides towards the provision of electronic services in government and private businesses that are looking to cut their overhead expenses and increase their profits while sustaining a high level of customer satisfaction. A critical component of online services and goods provision is a simple and highly secure mechanism of payment collection and processing.”
“In this context, STS provides advanced solutions that enable conducting payment processing and Electronic Fund Transfer (EFT) anytime, anywhere among many Financial Institutions (FI) and Point of Sale (POS) networks that has adopted our solutions.” Zeine concludes saying “The success electronic services in our region relies mainly on their compatibility with the different usage preferences of people in the Middle East. This receives our greatest attention, is reflected on the specifications of the solutions we provide,” Zeine added.
PayONE platform handles cash and card (debit, credit, prepaid) based transactions, as well as direct debit from prepaid mobile phone balance and personal or corporate bank accounts. The platform is based on widely accepted open standards ensuring compatibility and easy integration which allows the user to execute the payment transaction through different channels such as the Internet, ATM machines, public kiosks, Point of Sales (POS) and all Mobile Phones (through SMS and USSD). In addition, the platform hosts full transactional logging, auto error recovery and web management that includes flexible reporting and powerful inquiry and anti fraud tools.
STS also provides integrated solutions for POS networks, as it is the master distributor for HYPERCOM in the MENA (Middle East and Africa) region. Since 1996, the company has succeeded in building a wide network of distributors including research and development as well as technical support centers to serve its clients in the financial services and telecommunications sectors in the region.
PayONE platform enables macro and micro payment processing for many services in different sectors including all types of governmental fees, salaries, donations, services fees, university fees, public transportation fees in addition to merchandise charges and online retailing among many others. PayONE connects users real-time to a safe network of services and transactions providers and traders. STS offers PayONE solutions in the financial, Telco and government sectors, in addition to offering payment processing services through its partnership in PAYNET, Jordan National Payment Gateway.
Since establishment in 1989, STS has contributed significantly to the growth and development of the IT sector in MENA. STS’s diversified IT activities, partnerships with industry leading companies in addition to more than 400 qualified and highly skilled employees, has enabled STS to stand firm among the best providers of IT turnkey solutions to government, banking, education and telecommunication sectors. STS's has regional offices in several Middle East and gulf countries including Dubai, Amman, to better serve its regional customers which include more than 28 banks in the region.
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