Mastercard has inked a long-term deal with the Bank of Jordan Aimed at promoting electronic payments as a viable and cost-effective alternative to cash, the partnership will see Bank of Jordan issue Mastercard payment solutions, including debit and credit cards, to its customers across the Kingdom, bringing them greater payment security and convenience. The signing…
China’s UnionPay has inked an agreement with International Cards Company (ICC) in issuing the first UnionPay card in Jordan, where all the ATMs and POS terminals have accepted UnionPay cards. The deal offers Jordanian residents and enterprises new payment options while supporting the communication and exchanges between China and Jordan as well as other Asian…
Jordan’s International Cards Company (ICC) has inked a deal to issue UnionPay cards next year. This is the first UnionPay card in Jordan.
JCB and Middle East and Africa electronic payments processor, Emerging Markets Payments (EMP) inked a deal for JCB card acceptance at more than 15,000 locations in Jordan, including all of the company’s point of sale (POS) terminals in the country.
Jordan Kuwait Bank (JKB) launched the ICS Banks from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions. JKB replaced many legacy systems, one of which was an in-house system, and twenty five banking satellite systems. The main requirement for the bank was the application of a fully-fledged bank -in- a- box solution that provides a full range of modules and incorporates a flexible group model. JKB has implemented ICS BANKS to offer modern products through the use of the newly applied suite of applications that cover Core Banking, Remittances, Credit Facilities & Risk Groups, Lending, Trade Finance, Treasury & Investment systems and Wealth Management. The bank also deployed other supporting systems such as, ICS BANKS Retail and Corporate IBS (Internet Banking System), Fixed Assets, Provisioning, in addition to BI (Business Intelligence) and Data Warehousing.
Woolworths Financial Services entrusted the management of its credit processing and account management systems to the EMP Group for the next five years. WFS is the financial services joint venture between Barclays Africa Group (formerly known as Absa), and the continent’s foremost food and clothing retailer, Woolworths. WFS provides a broad range of financial services products to more than 1.8 million customers in South Africa and Namibia including store cards, Visa credit cards, personal loans, and insurance. Emerging Markets Payments payments solutions provider and processor provides innovative payments solutions to more than 140 banks and 30 000 merchants in 45 countries and operates processing platforms in South Africa, Nigeria, Egypt and Jordan.
Jordanie (SGBJ) signed a cooperation agreement with SmartBuy to provide the exhibition located in Queen Rania Al Abdullah Street with an ATM which will offer SGBJ’s clients, the exhibition’s visitors and other banks’ clients the opportunity of benefiting from the different banking services offered through the ATM. SGBJ’s General Manager, emphasized in his statement on the importance of this step which comes as part of the bank’s strategy and future plan in expanding its network in the Kingdom’s different geographical areas and offering various banking services for the largest possible number of clients.
Actis pan-emerging markets private equity investor acquired Visa Jordan Card Services (VJCS), Jordan’s largest merchant acquirer and effectively national ATM switch, for US$87 million. VJCS commands an 80% market share of the POS terminals and processes all Visa POS transactions as well as all inter-bank ATM transactions. Actis platform Emerging Markets Payments Holdings (EMPH) is intent on leading the payments business in the region. The vast majority of Jordanians have a debit or credit card, but these are underused with consumers predominantly still using cash, given card spend only accounts for 5% of personal consumption expenditure.
SelectCore prepaid telecom and financial services transaction processor for the unbanked consumer market now has plans to expand to the Middle East market, pursuing transaction processing and licensing partnerships for its proprietary “PrepaidONE POSA” solution and mobile remittance platform. The Company’s expansion efforts will be led by Mohammad Abu-Leil who has accepted the new role as Executive Vice President of International Business Development and will oversee operations in the new Jordan-based offices. He will continue to manage key Distribution accounts in Canada and will be responsible for future expansion into other international markets. SelectCore transaction processing and POS solutions for the prepaid telecom market and financial services sector concentrates on prepaid mobile top-up to stored-value cards for the millions of underbanked and credit-challenged consumers through its retail distribution network across Canada and the United States.
Data security provider Trustwave has been selected by
MasterCard issuer Middle East Payment Services to provide
Payment Card Industry Data Security Standard (PCI DSS) compliance
validation services. To validate compliance with the PCI DSS, Middle East Payment Services
will have to demonstrate compliance with 12 security requirements by
thoroughly reviewing its IT environment and information security
policies and procedures. Middle East Payment Services has enrolled in
Trustwave’s on-demand compliance management solution “TrustKeeper” to
access the necessary automated tools to support on-going compliance such
as quarterly network vulnerability scans. Trustwave will also remediate
any vulnerabilities to help ensure secure transactions for all the
customers using their payment gateway. Trustwave is the leading provider of on-demand data
security and payment card industry compliance management solutions to
businesses and organizations throughout the world.
Cairo Amman Bank has implemented IrisGuard’s “iBank” biometric ID
solution for customer verification through individual iris identification at
the bank’s ATMs across Jordan and Palestine. IrisGuard will be
deploying its “IrisGuard IG-AD100” iris cameras at the bank’s nearly 200
ATMs to provide data integrity and ensure privacy using biometric
data. Additionally, IrisGuard will be providing its biometric ID solutions
for internet online-banking and employee time attendance by year’s end.
Cairo Amman Bank operates nearly 70 branches across the region and is
a member of the Jonet ATM network while IrisGuard has been in operation
since 2001 providing customers and system integrators with large-scale iris
solutions using camera devices at through its offices in the UK,
and the UAE.
Jordan Ahli Bank has announced that it will be offering VISA Gold and
VISA Classic cards. The bank will offer the cards with the lowest
in the Region and a variety of monthly payment schemes which suits their
individual needs. Options allow the customer to pay the balance in full
reimburse 5% of the utilized credit with a minimum amount of JD 10. This
development allows clients to make purchases from points-of-sale anywhere
around the globe and cash withdrawals from ATM machines with”Visa” and