iVeri's Payment Gateway extends services of Dashen Bank

iVeri Payment Technologies, a leading provider of multi-channel e-payment solutions, has licensed its Payment Gateway and MiCard™ e-payment processing solution to Dashen Bank SC, a private commercial bank in Ethiopia. With iVeri's Payment Gateway Dashen Bank will become the first bank in Ethiopia to acquire mCommerce, eCommerce and Mobile merchant transactions. The bank has also chosen iVeri's MiCard™ software which for the first time will enable Dashen Bank account holders to interact with the bank via SMS. Dashen Bank is one of the first banks in Ethiopia to be appointed as a principal member of Visa and MasterCard. The bank's decision to select iVeri's technology is part of the next phase of meeting the need for a scalable solution to meet aggressive transaction growth objectives, support for multiple delivery channels and devices, and the ability to offer modern and world-class card payment services to cardholders in Ethiopia. iVeri's technology will initially support Point of Sale terminals acceptance and introduce MiCard™ for cardholder interaction at Dashen Bank. Owing to iVeri's MiCard™, Dashen Bank will allow their cardholders and account holders to top up their airtime, get an account balance and transfer value to another card, all using their mobile phone. Barry Coetzee, Chief Executive Officer of iVeri, said: "iVeri's experience and tailor-made solutions can help banks deliver new and enhanced customer service while giving increased return on investment. With iVeri's technology in place, Dashen Bank can address a wide range of processing needs for its e-payment operation, including mobile payments and e-commerce, that delivers a secure, reliable and scalable transaction infrastructure."