Network One is based on a framework that allows products to be created by monitoring the behaviour and attributes of a payment. It will also support the implementation of value-added services such as loyalty programmes, mobile payments, loans and fraud management.
Network One will also play an important role in the further development of the Mercury system, which was launched by Network International in April 2013. The Mercury platform is a UAE-focused closed loop prepaid programme, through which Network International plans to offer UAE residents domestic prepaid payment alternatives. The Mercury platform will also enable the acceptance of these cards at all Network International POS terminals and ATM’s of participating member banks across the UAE.
As part of the partnership agreement with OpenWay, Network International will also be the exclusive reseller of OpenWay’s licensed solutions within the Middle East, African and South East Asian markets.
Network International was founded in 1994 as a provider of credit and debit card processing services, ATM management and monitoring, merchant acquiring plus consumer finance applications. Network International provides consultancy services ranging from planning and designing, to developing of new card and consumer finance products and services.
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