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Interblocks’ iPay (Internet Payment Gateway) Live at Seylan Bank

Colombo, August 3rd, 2006: Seylan Bank uses its Internet Payment Gateway effectively enabling Sri Lankan merchants to transact online anytime and from anywhere.  Interblocks Limited, a leader in “Transaction Managemen Technology”, implemented the payments solution.

Dr. Nihal Ramanayke, Deputy General Manager, Information & Communication Technology at Seylan Bank said, “We are extremely pleased with the Interblocks iPay – Internet Payments Solution which has enhanced our card acquiring business with the acceptance of on line payments for medical appointments, treasury bills, real estate, etc.  The Interblocks technology provided us with easy integration to merchant web sites and has fully complied with international payment process standards for security and efficiency.”

Interblocks iPay Internet credit/debit acquiring Solution (iPay®) provides the acquiring Bank and its Merchants conducting electronic commerce with a cost-effective and robust way to process payment  of card transactions received from their customers using the Internet technology real-time, using the encryption and authentication capabilities available with Secure Socket Layer (SSLv3) technology. 

The iPay installation at Seylan Bank included Interblocks iAcquirer Application integrated with Visa International for acquiring Visa Card Transactions and Kapiti – Core Banking Application for Debit Card Transactions.

Dinesh Rodrigo, CEO of Interblocks said “The Seylan Bank installation will greatly benefit Sri Lankan merchants to internationalize its business with minimum effort and expand its markets beyond the island. Our payments technology is a proven means for transaction processing across all major payment networks and electronic devices and provides Seylan Bank with the ability to grow its online card acquiring business with ease.” 

Interblocks is in the business of “creating the future for how money moves®” – securely, quickly and across the widest possible range of channels and devices – for traditional and new types of financial service providers and their customers. The company has a clear focus on the consumer experience to build a platform for financial transactions that anticipate user requirements for conducting secure, fast financial transactions across the fullest range of channels. Banks and other financial services companies across Asia recognize Interblocks and its technology as the best available platform for ensuring a secure and personalized transactional experience with their customers.