30% Surge in Jordan's E-Commerce Spurs Demand for Fraud Solutions

Nation’s online shopping totals USD 200 million in 2014; payment solutions firm BPC to spotlight e-commerce and fraud solutions at upcoming banking tech summit

BPC Banking Technologies, the leading provider of Open System payment solutions, today announced its participation at the 2015 installment of the Banking Tech Levant Summit in Amman, Jordan, over March 2 and 3. This edition of the summit, which is dedicated to the banks, authorities and solution providers who shape the future of the banking industry, follows a recent, considerable spike in Jordan’s e-commerce - 2014 saw online purchases in the country totalUSD 200 million, up 30% from 2013, as per MasterCard. Taking its cue from this trend, BPC will place special emphasis on its e-commerce and fraud solutions at the summit.

“The surge in e-commerce and virtual banking in Jordan, and the Levant as a whole, comes stitched on with the need for stringent security requirements - banks in the region now have to meet a long list of local and international regulations. This is driving them to invest in technology to detect and prevent the risks associated with these methods of payment,” said Angelo Bertini, SVP, Managing Director, MENA at BPC Banking Technologies.

He added, “The Middle East region is growing in importance to us, and our intention in participating at the Banking Tech Levant summit is to make financial institutions aware of our solution portfolio and its technological advantages.”

BPC has recently implemented its SmartVista suite at the Jordan Kuwait Bank, allowing the bank to make advances in the field of e-payments. Since the Banking Tech Levant draws senior-level decision makers from across the region looking to invest in revenue-enhancing, concrete solutions, BPC will highlight SmartVista at the summit.

“SmartVista was chosen by Jordan Kuwait Bank for its appealing mix of functionality, technology, flexibility and, most importantly, security. We believe SmartVista can also prove beneficial to other banks in the region in this environment of growing online and mobile banking,” said Bertini.