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Bangalore,
India - Bangalore based Tarang Software Technologies (Tarang),
a leading provider of Point of Sale (PoS) and mobile payment
solutions, acquired its first EMV customer, Intersoft, in
Saudi Arabia. EMV is the Europay Mastercard Visa Integrated
Chip Card Standard to ensure secure PoS payment transactions.
Intersoft,
which is headquartered in Riyadh, Saudi Arabia, is a specialized
provider of PoS solutions.
Intersoft
has partnered with Tarang to develop and certify SPAN II application
on MagIC terminal. SPAN II is the latest specification for
implementing EMV Level II in Saudi Arabia and it is mandatory
for any payment application on PoS/ATM to comply with this
specification.
Tarang,
a SEI CMM Level 5 IT services company, is a leader in the
Electronic Transactions (Payments) domain, offering end-to-end
business solutions. The company's top-of-the line solutions
and services are in PoS applications, Payment Gateways, Mobile
Payment, Contactless Payment Interfaces, Gift and Loyalty
solutions, Merchant Boarding , Certification Testing, EMV
and Fraud Management.
V.
Rama Kumar, Founder & CEO, Tarang said, "Tarang's
leadership in Payment
Technologies is once again strongly established. EMV is the
way to go for PoS solutions across Middle East , India and
Europe. I am happy that Tarang is at the fore- front once
again."
Ammar
Al-Qadi, Owner & General Manager, Intersoft said, "We
are delighted to find Tarang as our right outsourcing partner.
The Tarang team, which has deep understanding of the PoS &
Payments domain, has been successfully working as an extended
arm of Intersoft. We are confident that we can leverage on
Tarang's domain expertise to sustain our leadership in Middle
East. We look forward to a fruitful and growing relationship
where both the companies would mutually benefit."
"Tarang,
which employees about 300 people at its Bangalore facility
has achieved a turnover of $ 5 million last fiscal. This financial
year, the company expects to achieve a turnover of $ 7 million"
added V.Rama Kumar.
FOR
MORE INFORMATION CONTACT :
Ms.
Subhashini
M/s. Pressman PR
Bangalore, India
E-Mail : bangalore@pressmanindia.com
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