From a geographical perspective, our market spans the world, with customers in every inhabited continent. We name Visa International and Citibank among our USA customer portfolio and have a significant presence in Europe, Asia, Africa and Australia. As shown below, IFS is composed of three distinct entities, the IFS operating company, Global Insight Group, and e-Point divisions. 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.
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. Through a structured campaign that incorporates customer understanding, care and management, IFS has enjoyed a dramatic increase in recurring product support maintenance fees during the past year. The On Oracle logo is a trademark of Oracle Corporation. IFS International Holdings, Inc.