California-based e-payment solutions provider Trintech has won a contract with National Bank of Kuwait (NBK) to provide an Internet acquiring solution for the bank's online retailers.
The bank says it will utilise Trintech's PayWare eHost to host online retailers enabling them to accept and process credit card transactions. These transactions will be routed to PayWare eAcquirer, an Internet payment gateway residing at the bank for authorisation and settlement. Trintech's security partner Entrust Technologies provides the digital certificate technology used to secure the transactions between merchant and bank site.
Trintech has also agreed to license the same two products to the State Bank of Mauritius (SBM), which plans to roll out PayWare in the first quarter of 2001.