The Global Insight Group serves as IFS business consulting division as well as specialized training division offering both in-house and external training courses to the financial industry. IFS International has established customers on five continents and continues to gain a substantial amount of global blue chip customers. Customers include CitiBank organizations in Asia and Europe, Sampath Bank in Sri Lanka, Trustees Savings Bank in Ireland and VISA International on three continents. IFS customers are typically migrating from antiquated legacy systems to the new and dynamic technologies of the TPII, TP-CMS, Business Centre and PosPay family of Payment Systems products. As an illustration of current trends, Visa International, MasterCard International and American Express, the three dominant international payment card brands, have issued their members with operating regulations to ensure migration to smart cards within 6 years.
Smart cards offer new services and greater security to consumers, merchants and members alike.
IFS products and services that enhance security at infrastructure and application layers are expected to benefit from increased retailing transactions. An equity stake in lieu of license fees for the TPII product allows IFS to receive a fee for every transaction processed through this national system, guaranteeing the Company an additional revenue source. The On Oracle logo is a trademark of Oracle Corporation. IFS International, Inc.