Intelligent Systems Corporation – Saudi Mirror http://www.saudimirror.com News On-line Wed, 15 Dec 2021 12:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Intelligent Systems Announces Name Change to CoreCard http://www.saudimirror.com/intelligent-systems-announces-name-change-to-corecard/ Wed, 15 Dec 2021 12:30:00 +0000 http://www.saudimirror.com/?p=214743 NORCROSS, Ga., Dec. 15, 2021 (GLOBE NEWSWIRE) — Intelligent Systems Corporation (NYSE: INS), the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, announced today that it is changing its name to CoreCard Corporation.

The Company anticipates its common stock will begin trading using new ticker symbol "CCRD" at the commencement of trading on December 29, 2021, and that its common stock will continue to trade on the NYSE under the symbol "INS" until the closing of trading on December 28, 2021.

The Company's corporate structure will not be changing, nor will its financial reporting.

Leland Strange, CEO and Chairman, stated, "This change highlights our goal to grow our industry leading revolving credit platform as the primary business of the company. Intelligent Systems Corporation was one of the early public technology companies with its IPO in 1980 and over the years it has founded, invested, and grown many technology brands including Peachtree Software and Quadram Corporation. CoreCard was one of our investments and trading under our new name reflects the singular long–term focus to growing CoreCard and delivering value to shareholders."

About CoreCard Corporation

CoreCard Corporation is a pioneering card management platform built for the future of global transactions in a digital world. Dedicated to continual technological innovation in the ever–evolving payments industry backed by decades of deep expertise in credit card offerings, CoreCard helps customers conceptualize, implement, and manage all aspects of their issuing card programs. Keenly focused on steady, sustainable growth, CoreCard has earned the trust of some of the largest companies and financial institutions in the world, providing truly real–time transactions via their proven, reliable platform operating on private on–premise and leading cloud technology infrastructure.

Further information is available on the company's website at www.corecard.com or by calling the company at 770–381–2900.

Forward–Looking Statements

The forward–looking statements in this press release are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those indicated by the forward–looking statements because of various risks and uncertainties including those listed in Item 1A of the Company's Annual Report on Form 10–K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward–looking statements. When used in this press release, the words "believes," "plans," "expects," "will," "intends," "continue," "outlook," "progressing," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward–looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward–looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


GLOBENEWSWIRE (Distribution ID 8411827)

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CoreCard® Business Update: CoreCard partners with Al Ansari Exchange to offer multi-currency prepaid card processing in the UAE http://www.saudimirror.com/corecard-business-update-corecard-partners-with-al-ansari-exchange-to-offer-multi-currency-prepaid-card-processing-in-the-uae/ Mon, 19 Apr 2021 14:06:36 +0000 http://www.saudimirror.com/?p=214122 DUBAI, United Arab Emirates, April 19, 2021 (GLOBE NEWSWIRE) — CoreCard Software, DMCC. (a subsidiary of Intelligent Systems Corporation [NYSE American: INS]), the leading international provider of innovative prepaid and credit technology solutions and processing services to the financial technology and services market, announced today a partnership with Al Ansari Exchange, the UAE–based foreign exchange and worldwide money transfer company.

Under this partnership CoreCard is providing prepaid card processing services for the Al Ansari Exchange Visa Platinum Multi–currency travel card. This card can be used at any merchant worldwide that accepts Visa and can be loaded with any of seventeen different currencies making it the smartest, safest and most convenient way to travel whilst enjoying a wide range of benefits and exclusive offers.

This deployment also showcases CoreCard's ability to host its processing services in the cloud which allowed reduced deployment times whilst achieving the highest standards of resilience and the ability to easily scale to match a fast–growing business.

Mohammad Bitar, Deputy Chief Executive Officer, Al Ansari Exchange, said: "Al Ansari Exchange puts great efforts into providing world–class services to its customers using the most advanced technologies and innovative solutions. We are pleased to collaborate with a modern platform such as CoreCard and integrate their technology into our systems to further enhance our customers' experience when using the Al Ansari Exchange Travel Card."

Lee Blair, General Manager for CoreCard in Dubai said, "This is a great day for the new CoreCard Dubai office. We are thrilled to bring CoreCard's market leading platform and processing capabilities into the region and are proud to be working with Al Ansari Exchange to provide such an exciting product to their customers."

About CoreCard

CoreCard Software, a leading provider of card management systems and processing services, offers an array of account management solutions to support the complex requirements of the evolving global financial services industry. CoreCard software solutions provide the market's most feature–rich and flexible platform for processing and managing a full range of card products including prepaid/stored–value, multi–currency wallets, virtual card issuing, instant financing, small loans, point of sale loans, fleet, credit, debit, commercial, government, healthcare and private–label cards as well as accounts receivable and loans. CoreCard is headquartered in Norcross, GA with additional offices in India, the United Arab Emirates and Romania. CoreCard is a subsidiary of Intelligent Systems Corporation [NYSE AMERICAN: INS].

For more information, email solutions@corecard.com, or visit www.corecard.com

About Al Ansari Exchange

Al Ansari Exchange, a leading exchange company in the UAE with the largest branch network, was founded in 1996. Its first branch started as an offshoot of a flourishing general trading business by the Al Ansari family, established primarily to meet the foreign exchange and remittance needs of the Al Ansari family's trading partners and customers.

The company has expanded to over 190 branches nationwide, making it the largest and most popular exchange company in the UAE today. It employs over 2,500 multilingual staff who serve more than 2.5 million customers every month. It is one of the first exchange houses in the country to have integrated innovation and digital technology into its systems and platforms. Its efforts culminated with the launch of Al Ansari Exchange Mobile App in 2018. Currently, the App is the highest–rated app among the exchange houses in the UAE on Google Play and the Apple Store with over one million downloads to date and more than 200,000 active users monthly.

For more information, please visit www.alansariexchange.com


GLOBENEWSWIRE (Distribution ID 8219366)

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