Comtrust see a huge increase in demand for their Secure Online Payment solutions

Comtrust, the e-solutions business unit of Etisalat, today released the latest online payment transaction figures for the UAE, which support continued growth in the e-Payments market. Figures collated upto August 2002, show a growth of over 500% on the number of authorized online payment transactions made for the same period last year.

Ahmad Abdul Karim Julfar, General Manager (Designate), Comtrust commented, “Over the course of the year, Comtrust has continued to see significant growth in the e-Payments area and for our Secure ePayment technologies. The figures are a clear endorsement of the developments we have made in the security and authorization of online technologies, and the faith of consumers, in those solutions. It is also a clear indication that organizations are taking the e-channels seriously, as they react to the opportunities to gain the business benefits of the digital economy.”

Comtrust is committed to driving the e-business market in the Middle East, and continues to develop solutions that create a safe environment to conduct business over the Internet. The fundamental concern for banks, card associations, merchants and consumers is the transactional security involved in electronic transactions over the Internet. Comtrust’s suite of security solutions and its secure e-payment solution address these concerns ensuring a flexible, secure and robust e-solution to merchants. Comtrust Online Payment Service enables on-line merchants to initiate the authorization and settlement by their acquiring bank for online transactions, as well as to perform adjustments such as reversals and credits on previous requests.