Bahrain-based International Payment Services (IPS), a leading third-party processor will implement Oracle M8 SuperCluster, which incorporates a number of unique runtime security technologies to manage the electronic payment transactions market in the Middle East.
IPS helps financial services institutions in the region deliver secure payment processing and card management services.
“Our operations in the region are rapidly expanding and we will soon manage up to 200,000 transactions per minute. Ensuring comprehensive absolute security of these transactions is an imperative for the success of our business,” said Ebrahim Janahi, chief executive officer of IPS.
“Our decision to initiate this digital transformation project with Oracle is driven by our requirement to run our mission critical applications on the best infrastructure solution for delivering secure and swift payment transactions.”
“From driving e-commerce growth to furthering financial inclusion, digital payments are fast becoming an integral aspect of our daily lives,” said Nil Bagdan, regional senior director – Gulf, Oracle. “We are confident that the engineered system solutions portfolio chosen by IPS B.S.C will enable the organization to rapidly scale while also introducing new secure solutions.”
IPS is the first company across the Middle East and Africa to deploy the new Oracle M8 SuperCluster, the world’s fastest engineered system, into production. The solution features the industry’s most advanced security; documented and tested system-wide security controls; best practices, and integrated automated compliance verification tools.