Orange Business Services has signed an M2M agreement with Canny Quest International, the Dubai-based technology and business development partner of International Smart Card (ISC) in Iraq. ISC has created a new model for e-payment services using smart cards using biometrics to authenticate customer ID and counter the risk of fraud. Orange Business Services provides SIMs that enable connectivity to support ISC's 6,000 terminals at points of service (POS) across Iraq, and another 8,000 POS are planned at retail merchants by mid-2016.
ISC plans to roll out services to the Iraqi diaspora and to other countries. The ISC POS terminals are connected to the card management system, which validates transactions through the Orange network. Orange interconnects with all the country's mobile telecoms operators to ensure national coverage and optimised signal quality.
ISC customers can access a range of virtual financial account management services including smart cards (closed and open loop), mobile apps and wallets and the internet. Philippe Koebel, senior OBS VP for Emerging Markets and Indirect, said the new partnership with Canny Quest International is supporting innovation and a digital transformation, leading to a new model for the banking sector in Iraq.
Source: http://www.telecompaper.com/news/obs-inks-m2m-deal-with-canny-quest-for-e-payment-in-iraq--1126029
