MasterCard Worldwide, a leader in advancing global commerce, today announced that Emirates, the Dubai-based international airline, will be using the MasterCard Gateway Service® (MiGS) to provide a best-in-class e-commerce payment gateway, ensuring secure online ticketing and online payments in India and for other Emirates products.
MasterCard has signed a Payment Service Provider Agreement with Emirates to provide a single online payment platform. Now processing close to 50 million transactions per year, MiGS is a turnkey payment solution for large and small merchants who require an effective and more efficient way to process payments for customers across all acceptance channels and for all global credit cards.
MiGS will enable Emirates to conduct safe and secure online transactions for a variety of payment types, including all global brands of credit cards. As well as providing a single payments interface for multiple payment instruments, MiGS handles multi-currency processing, supports multi-country operations and includes fraud protection mechanisms.
MiGS will reduce processing complexity while providing Emirates with a payment solution in several markets. The MiGS platform will be applied to Emirates’ core airline online ticketing services for India as well as to other streams of business, such as the Emirates Hotels and Resorts. All transactions, irrespective of the credit card type used, will be processed through the MasterCard network.
Nigel Hopkins, Executive Vice President, Emirates Airline, Dubai, UAE, said: “We chose MiGS after thorough due diligence. The cutting edge technology and plug and play model provided by MiGS fits in ideally with our e-commerce strategy, enabling us to ensure a faster and more secure transaction processing time and to provide a robust payment solution across several markets for our customers.”
“MiGS is geared to use new concepts in the virtual world such as MasterCard SecureCode, which protects large international merchants,” Mr. Hopkins continued.
Denzil Lawson, General Manager, Middle East and Levant, MasterCard Worldwide said: “As a leading global payments solutions provider, MasterCard is continuously developing new payment solutions to facilitate credit card payment transactions everywhere. We are pleased to cooperate with Emirates and offer our vast experience in online payment processes. MiGS provides a unique and strategic platform for global credit card payment processing across multiple acquirers and multiple countries. MasterCard is committed to creating more advanced methods of payment, such as the MiGS offering, that fuel economic connections and drive real business value for its customers, merchants and consumers across the diverse region.”
About Emirates
Since its launch in 1985, Emirates Airline has received more than 300 international awards in recognition of its efforts to provide unsurpassed levels of customer service.
The airline has experienced rapid and consistent growth, above 20 per cent a year on average and has been profitable for the last 19 consecutive years. Financially self-sustained and unprotected, Emirates carried 17.5 million passengers in the 2006-07 financial year – three million more than the year before – and declared a record US $844 million profit, on revenue of US $8.1 billion – US$1.8 billion more, or 29.5 per cent better than the year before.
Emirates is the world’s third most profitable airline and among the 20 largest. It is based in Dubai, one of the few cities in the world that pursues an open-skies policy, with more than 110 airlines in free and fair competition.
About Emirates Hotels & Resorts
Emirates Hotels & Resorts, the Emirates Group’s new premier hospitality management division, is made up of a growing portfolio of award-winning, small luxury conservation-based resorts, five-star city hotel properties, spas, and a range of fully-serviced upmarket apartment hotels.
Part of Emirates’ Destination and Leisure Management Division, Emirates Hotels & Resorts holds as its central vision the provision of exceptional services focused on guests’ individuality of needs, the best possible location in any destination, and luxurious facilities.
It will develop its portfolio of exceptional properties in Dubai and other locations to support and enhance the growth of Emirates, providing travellers with seamless quality travel and hospitality experiences.
Currently, its portfolio includes – Emirates Al Maha Desert Resort & Spa, Emirates Park Towers Hotel & Residence, Emirates Wolgan Valley Resort & Spa, Emirates Marina Hotel & Residence, Emirates Green Lakes Serviced Apartments, and the Timeless Spa.
Visit: www.emirateshotelsresorts.com
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 16 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information, go to www.mastercardworldwide.com.
