OMNIQ Announces Collaboration Agreement With SHVA, Strengthening Fintech Capabilities to Provide a Total Customer Solution
OMNIQ Corp. (OTCQB: OMQS) has announced a collaboration agreement with SHVA (Automated Banking Services ), Israel's leading payment processing company. This partnership marks a significant milestone in OMNIQ's strategic expansion within the fintech industry. SHVA processes millions of transactions monthly, playing a key role in Israel's financial sector.
The collaboration is expected to introduce cutting-edge payment solutions, benefiting businesses and consumers by streamlining transaction processes and enhancing security and efficiency. This agreement follows OMNIQ's successful EMV certification, enabling it to process both domestic and international credit card transactions with enhanced capabilities.
OMNIQ anticipates that this partnership will not only enhance its product offerings but also strengthen its market presence in the rapidly evolving global fintech landscape.
OMNIQ Corp. (OTCQB: OMQS) ha annunciato un accordo di collaborazione con SHVA (Servizi Bancari Automatizzati), la principale società di elaborazione pagamenti in Israele. Questa partnership rappresenta un traguardo significativo nell'espansione strategica di OMNIQ nell'industria fintech. SHVA gestisce milioni di transazioni mensili, giocando un ruolo fondamentale nel settore finanziario israeliano.
La collaborazione è attesa per introdurre soluzioni di pagamento all'avanguardia, che beneficeranno sia le aziende che i consumatori, semplificando i processi di transazione e migliorando la sicurezza e l'efficienza. Questo accordo segue il certificato EMV di OMNIQ, che le consente di elaborare transazioni con carte di credito sia nazionali che internazionali con capacità migliorate.
OMNIQ prevede che questa partnership non solo migliorerà la sua offerta di prodotti, ma rafforzerà anche la sua presenza sul mercato nel panorama fintech globale in rapida evoluzione.
OMNIQ Corp. (OTCQB: OMQS) ha anunciado un acuerdo de colaboración con SHVA (Servicios Bancarios Automatizados), la principal empresa de procesamiento de pagos de Israel. Esta asociación marca un hito significativo en la expansión estratégica de OMNIQ dentro de la industria fintech. SHVA procesa millones de transacciones mensuales, desempeñando un papel clave en el sector financiero de Israel.
Se espera que la colaboración introduzca soluciones de pago innovadoras, beneficiando a empresas y consumidores al simplificar los procesos de transacción y mejorar la seguridad y eficiencia. Este acuerdo sigue a la exitosa certificación EMV de OMNIQ, que le permite procesar transacciones con tarjetas de crédito nacionales e internacionales con capacidades mejoradas.
OMNIQ anticipa que esta asociación no solo mejorará su oferta de productos, sino que también fortalecerá su presencia en el mercado en el cambiante panorama fintech global.
OMNIQ Corp. (OTCQB: OMQS)는 이스라엘의 주요 결제 처리 회사인 SHVA(자동화 뱅킹 서비스)와 협력 계약을 체결했다고 발표했습니다. 이 파트너십은 OMNIQ의 핀테크 산업 내 전략적 확장의 중요한 이정표를 의미합니다. SHVA는 매달 수백만 건의 거래를 처리하며, 이스라엘의 금융 부문에서 중요한 역할을 하고 있습니다.
이번 협력은 최첨단 결제 솔루션을 도입할 것으로 기대되며, 거래 프로세스를 간소화하고 보안 및 효율성을 높여 기업과 소비자에게 혜택을 줄 것입니다. 이 계약은 OMNIQ의 성공적인 EMV 인증 이후 체결되었으며, 이를 통해 국내외 신용 카드 거래를 업그레이드된 기능으로 처리할 수 있게 되었습니다.
OMNIQ는 이번 파트너십이 제품 제공을 향상시킬 뿐만 아니라 급속하게 변화하는 글로벌 핀테크 분야에서 시장 존재감을 강화할 것으로 기대하고 있습니다.
OMNIQ Corp. (OTCQB: OMQS) a annoncé un accord de collaboration avec SHVA (Services Bancaires Automatisés), la principale société de traitement des paiements en Israël. Ce partenariat marque une étape importante dans l'expansion stratégique d'OMNIQ dans l'industrie fintech. SHVA traite des millions de transactions chaque mois, jouant un rôle clé dans le secteur financier israélien.
La collaboration devrait introduire des solutions de paiement à la pointe de la technologie, profitant aux entreprises et aux consommateurs en rationalisant les processus de transaction et en améliorant la sécurité et l'efficacité. Cet accord fait suite à la certification EMV réussie d'OMNIQ, lui permettant de traiter des transactions par carte de crédit nationales et internationales avec des capacités améliorées.
OMNIQ anticipe que ce partenariat améliorera son offre de produits et renforcera sa présence sur le marché dans le paysage fintech mondial en rapide évolution.
OMNIQ Corp. (OTCQB: OMQS) hat eine Zusammenarbeitsvereinbarung mit SHVA (Automatisierte Bankdienstleistungen), dem führenden Zahlungsabwickler Israels, bekannt gegeben. Diese Partnerschaft stellt einen bedeutenden Meilenstein in der strategischen Expansion von OMNIQ in der Fintech-Branche dar. SHVA verarbeitet monatlich Millionen von Transaktionen und spielt eine Schlüsselrolle im Finanzsektor Israels.
Es wird erwartet, dass die Zusammenarbeit innovative Zahlungslösungen einführt, die sowohl Unternehmen als auch Verbrauchern zugutekommen, indem die Transaktionsprozesse optimiert und Sicherheit sowie Effizienz erhöht werden. Diese Vereinbarung folgt auf die erfolgreiche EMV-Zertifizierung von OMNIQ, die es dem Unternehmen ermöglicht, nationale und internationale Kreditkartentransaktionen mit erweiterten Fähigkeiten zu verarbeiten.
OMNIQ geht davon aus, dass diese Partnerschaft nicht nur das Produktangebot verbessern, sondern auch die Marktpräsenz im sich schnell entwickelnden globalen Fintech-Markt stärken wird.
- Collaboration with SHVA, Israel's leading payment processing company
- Expansion into the fintech industry
- Introduction of cutting-edge payment solutions
- Recent EMV certification enabling processing of domestic and international credit card transactions
- Potential for enhanced product offerings and strengthened market presence
- None.
- Significant Milestone: This partnership marks a crucial development in OMNIQ's strategic expansion within the fintech industry.
- Enhancing Fintech Solutions: SHVA processes millions of transactions monthly, playing a key role in Israel's financial sector. Collaborating with OMNIQ will further enhance fintech solutions across the region.
- Alignment with Strategic Goals: The collaboration aligns with OMNIQ's strategic plans to expand fintech capabilities and improve customer experiences through innovative technology.
- Enhanced Product Offerings and Market Presence: The collaboration is anticipated to not only enhance OMNIQ's product offerings but also strengthen its position in the rapidly evolving global fintech landscape.
SALT LAKE CITY, Aug. 20, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a global leader in Artificial Intelligence-based solutions and supply chain management, is thrilled to announce that it has concluded the process and is poised for the signing of a collaboration agreement with SHVA (Automated Banking Services Ltd.), Israel's premier payment processing company. This partnership marks a significant milestone in OMNIQ's strategic expansion within the fintech industry.
SHVA, renowned for its pivotal role in facilitating electronic payments in Israel, processes millions of transactions monthly, supporting the majority of the country's financial activity. The collaboration with OMNIQ signifies a substantial leap forward in enhancing fintech solutions across the region.
"This partnership marks a major advance for OMNIQ in the fintech sector," said Shai Lustgarten, CEO of OMNIQ. "Collaborating with SHVA, a leader in payment processing, aligns perfectly with our strategic plan to expand our fintech capabilities and enhance customer experiences through innovative technology."
The agreement between OMNIQ and SHVA is expected to introduce cutting-edge payment solutions, which will benefit both businesses and consumers by streamlining transaction processes and enhancing the security and efficiency of financial transactions.
"This is an exciting development in our journey to grow OMNIQ's fintech business. By combining our advanced AI technology with SHVA's robust payment systems, we are setting the stage for significant advancements in the fintech space," added Lustgarten.
OMNIQ anticipates that this collaboration will not only enhance its product offerings but also strengthen its market presence in the rapidly evolving global fintech landscape.
This agreement follows OMNIQ's successful EMV certification, a crucial milestone granted by major international credit card schemes such as VISA, MASTERCARD, and DINERS. This enables omniQ to process both domestic and international credit card transactions with enhanced operational capabilities.
ABOUT OMNIQ
OMNIQ Corp. is at the forefront of technological innovation, focusing on advanced AI technologies for computer and machine vision image processing. The company develops a variety of products including data collection systems, real-time surveillance, and monitoring tools. These products are essential for sectors like supply chain management, homeland security, public safety, and traffic & parking management, helping to ensure the secure and efficient movement of people, goods, and information through critical locations such as airports, warehouses, and national borders.
OMNIQ serves a diverse clientele, including government agencies and Fortune 500 companies across industries such as manufacturing, retail, distribution, healthcare, transportation, logistics, food and beverage, and the oil, gas, and chemical sectors. By integrating OMNIQ's cutting-edge solutions, these organizations are better equipped to manage the complexities of their industries, enhancing their operational capabilities.
Financially, OMNIQ is strategically positioned in rapidly growing markets. The company is making significant inroads into the Global Safe City market, projected to reach
ABOUT SHVA
SHVA (Automated Banking Services Ltd.) is Israel's preeminent payment processing company, pivotal in handling a significant majority of the nation's financial transactions. Established in 1976, SHVA has been at the forefront of financial technology, facilitating the seamless execution of electronic payments across the country.
SHVA's expansive suite of services includes comprehensive card processing solutions, ATM and POS (Point of Sale) management, and the development of pioneering payment systems. These services are designed to ensure financial inclusivity and enhance accessibility, fostering a robust financial ecosystem throughout Israel.
With a legacy of innovation, SHVA continues to lead by example, setting standards in the payment processing industry. The company's solutions cater to a diverse market range, supporting various sectors from retail and hospitality to government services, thus reinforcing its market position as a cornerstone of Israel's financial infrastructure.
INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate,” “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
Examples of forward-looking statements include, among others, statements made in this press release regarding the closing of the private placement and the use of proceeds received in the private placement. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at SEC.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless otherwise required by law.
Contact
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FAQ
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