Venture Infotek and Welcome Real-time wins European Innovation Award

Venture Infotek and Welcome Real-time bags the “Best Innovation in a Loyalty Card” award at Europe Cards and Payments conference.

Venture Infotek, India’s premier Transaction Management company and Welcome Real-time, a global loyalty solutions provider in the payment integrated value-added service space have been selected as the “Best Innovation in a Loyalty Card” award by VRL Knowledge Bank, a trusted source to the global finance community delivering up-to-the minute news, analysis, surveys, interviews, unique research and in-depth reports.

The award was presented to Welcome Real-time at the annual Cards and Payments Europe conference in Prague on 18th June, 2009, where the industry’s leading players were acknowledged for their achievements over the past 12 months.

The award is in recognition of the effort of Venture Infotek and Welcome Real-time based on their partnership to launch the next generation of loyalty offerings in India, allowing card payment businesses and retailers to deliver personalised offers and redemption alternatives at the Point of Sale (PoS), along with lower marketing costs and enhanced loyalty benefits. This partnership enables the card issuers and retailers to track and analyze customer buying behaviors and other information to deliver more intelligent, targeted rewards in real time at PoS terminals.

Expressing his delight on winning this award, Mr. Piyush Khaitan, Vice-Chairman and Managing Director, Venture Infotek said, “We are honored to be able to contribute to Welcome Real-time winning this prestigious international award. This recognition has given us additional motivation to do more path breaking work in the loyalty card segment.”

“Welcome Real-time is extremely pleased to get the recognition for their work along with partner Venture Infotek, India’s first and major transaction processing services provider”, said François Dutray, CEO, Welcome Real-time. “Now we would aim at providing new and exciting solutions for stimulating card activation and usage in the increasingly consumption-driven economy of India” added Mr. Dutray.

About Venture Infotek
Venture Infotek Global Pvt. Ltd. is India’s first and leading ISO 9001:2000 transaction processing and knowledge management company. Incorporated in 1997, Venture Infotek pioneered the introduction of e-Payments in India, and since then has continued to be instrumental in shaping this industry. The company not only enjoys a tremendous first mover’s advantage, but also has in place a superior infrastructure, providing integrated end-to-end card payment solutions to organizations across industry verticals like banking, financial services, petroleum, retail, telecom, manufacturing, government and travel & hospitality. Venture Infotek has recently been declared the winner of the prestigious IMC Ramkrishna Bajaj National Quality (RBNQ) Award for 2008, in the Small Business category.

Venture Infotek manages payment card and other transactions emanating from over 150,000 Merchant locations in India. Last year, Venture Infotek processed 150 Mn transactions with a commerce value of Rs. 35,000 Cr. (USD 7 Bn). DEI, the cards and fulfillment division of Venture Infotek, with the largest state-of-the-art secure card personalization bureau in India has a capacity to personalize around 36 million cards per annum. Besides debit and credit cards, Venture Infotek is also present in the space of prepaid cards such as travel and gift cards. NeoWorth, the merchant business division of Venture Infotek, not only offers multi-application Point-of-Sale terminals to merchants, but also innovative products such as ExchangePlus, a Dynamic Currency Conversion solution. Crossing the digital divide, ‘Venture Grama’ is an initiative from Venture Infotek on developing cutting-edge technology and making it available to the rural poor. With a truly pan-India reach from Leh to Port Blair, Venture Infotek services are available in over 6,000 unique postal PIN codes across the country.

For more on Venture Infotek, please log on to: www.ventureinfotek.com
About Welcome Real-time

Welcome Real-time is a global loyalty solutions provider in the payment integrated value-added service space. Today, as the leading loyalty solutions provider to Fortune 500 banks, Welcome Real-time transforms the way banks design payment cards loyalty and promotional marketing programs with our award winning XLS solution. Through a combination of innovative technology, global consulting and marketing services, Welcome Real-time enables banks and merchants of all sizes to increase their business by enabling them to execute profitable card loyalty and reward decisions, thereby driving increased acceptance of card payment usage amongst merchants and greater convenience and value for customers.

Welcome Real-time is headquartered in Aix-en-Provence, France. More
information about Welcome Real-time can be found at www.welcome-rt.com.

Media Contacts-
Chetan D’souza Murugan.G / Sundari
Venture Infotek Pvt Ltd Sampark Public Relations
M: +91 93 20001981 M: 98412 78904 /9710127445
chetan.dsouza@ventureinfotek.com