Fleet Financing

CoreCard Partners with Al Ansari Exchange to Bring Multi-Currency Prepaid Card Processing to UAE NYSE: INS



DUBAI, United Arab Emirates, April 19, 2021 (GLOBE NEWSWIRE) – CoreCard Software, DMCC. (a subsidiary of Intelligent Systems Corporation [NYSE American: INS]), the leading international provider of innovative prepaid and credit technology solutions and processing services for the financial technology and services market, today announced a partnership with Al Ansari Exchange, the international currency exchange and UAE based money transfer.

As part of this partnership, CoreCard provides prepaid card processing services for the Al Ansari Exchange Visa Platinum Multi-currency travel card. This card can be used at any merchant around the world that accepts Visa and can be loaded with any of seventeen different currencies, making it the smartest, safest, and most convenient way to travel while enjoying a wide range of advantages and exclusive offers.

This deployment also demonstrates CoreCard’s ability to host its processing services in the cloud, which has resulted in reduced deployment times while achieving the highest standards of resiliency and the ability to easily scale to a growing business. rapid growth.

Mohammad Bitar, Deputy Managing Director of Al Ansari Exchange, said: “Al Ansari Exchange goes to great lengths to provide world-class services to its customers using the most advanced technologies and innovative solutions. We are happy to collaborate with a modern platform such as CoreCard and integrate their technology into our systems to further enhance the experience of our customers when using the Al Ansari Exchange travel card. “

Lee Blair, Managing Director of CoreCard in Dubai, said: “It’s a great day for CoreCard’s new office in Dubai. We are excited to bring CoreCard’s market leading platform and processing capabilities to the region and are proud to work with Al Ansari Exchange to deliver such an exciting product to their customers.

About CoreCard

CoreCard Software, a leading provider of card management systems and processing services, offers a range of account management solutions to meet the complex requirements of the rapidly changing global financial services industry. CoreCard® software solutions provide the industry’s most feature-rich and flexible platform for processing and managing a full range of card products, including prepaid / stored value multi-currency wallets, issuance of virtual cards, instant financing, small loans, point-of-sale loans, fleet, credit, debit, commercial, government, healthcare and private label cards as well as accounts receivable and loans. CoreCard is headquartered in Norcross, Georgia, with additional offices in India, United Arab Emirates and Romania. CoreCard is a subsidiary of Intelligent Systems Corporation [NYSE AMERICAN: INS].

For more information, email [email protected] or visit www.corecard.com

About Al Ansari Exchange

Al Ansari Exchange, a leading currency exchange company in the United Arab Emirates with the largest branch network, was founded in 1996. Its first branch began as an offshoot of a thriving general trading company of the Al Ansari family, established primarily to respond to foreign exchange transactions and remittances. needs of business partners and customers of the Al Ansari family.

The company has grown to over 190 branches nationwide, making it the largest and most popular exchange company in the UAE today. It employs more than 2,500 multilingual staff who serve more than 2.5 million customers each month. It is one of the first exchange houses in the country to integrate innovation and digital technology into its systems and platforms. Its efforts culminated with the launch of the Al Ansari Exchange mobile app in 2018. Currently, the app is the top rated app among UAE exchange houses on Google Play and the Apple Store with over one million downloads to date and over 200,000 monthly active users.

For more information, please visit www.alansariexchange.com



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