Qatar’s Doha Bank and China UnionPay inked a deal for the issuance of the first UnionPay card. Doha Bank, holding one-fourth market share, is one of the top merchant acquirers in Qatar.
Qatar Islamic Bank and NCR Corporation inked a strategic agreement for the implementation of significant technology projects in 2014. QIB will purchase the innovative NCR Skimming Protection Solution (SPS) in an effort to proactively address today’s ATM skimming challenges and deliver maximum protection and convenience to its customers. As part of this project, QIB will enhance the strength of its IT infrastructure with the use of security firewalls, network access control, data center switches upgrade and the technology refresh of its entire telephony system. QIB will be among the first large financial institutions to move their self-service network to the Windows 7 platform.
Fiserv announced the International Bank of Qatar (IBQ) selected its Financial Crime Risk Management (FCRM) Platform to manage its money-laundering and fraud prevention strategy. For IBQ, the vast global experience of Fiserv in mitigating risk related to financial crime was a key factor in the selection. With more than 1,000 financial institutions already using the FCRM Platform worldwide, this knowledge and experience is a vital component of the partnership to help the bank achieve the highest standards of anti-money laundering (AML) compliance and fraud prevention. The FCRM Platform provides unique abilities for financial crime professionals to effectively and efficiently model, detect, investigate and resolve risks across crimes, channels and product lines.
The Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) exploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
TSYS announced its 20-year partnership with Commercial Bank of Qatar with a licensing agreement to upgrade to “PRIME 4” TSYS’ card and merchant management solution. Commercial Bank became a TSYS client when it began licensing the solution to manage the issuing and acquiring of its card programs and has since extended its license and now additionally deploys the single-platform solution to manage its MasterCard and Diners Club card portfolios, point-of-sale networks and loyalty, collections and fraud prevention operations.
MoneyGram (MGI) global money transfer announced a multi-year agreement with Qtel mobile operator on international mobile money transfer services through customers’ mobile wallets. With this, Qtel customers will be able to register for the Qtel Mobile Money service at any Qtel shop or directly from their mobile phones and send funds that can be picked up at any of MoneyGram’s 284,000 global locations in 197 countries. This also gives thousands of customers in Qatar who do not have a bank account or use traditional banking services the ability to send money using a mobile device internationally in a secure, convenient and reliable method 24 hours a day, 365 days a year.
Fime testing services for smart devices and secure chip-based applications has certified Qatar National Bank’s (QNBs) contactless mobile payments solution for its compliance to MasterCard PayPass Specifications.The pilot project is Qatar’s first NFC payments initiative, offering QNB customers and merchants a convenient and quick way to make and accept payments through the use of NFC-enabled handsets and POS contactless terminals. The mobile payments project is part of a phased implementation plan where QNB will work closely with project participants to deploy contactless POS terminals in Qatar’s leading NFC cities.
TSYS announced that Qatar National Bank (QNB) has signed a licensing agreement for its “PRIME 4” card and merchant management solution. QNB has deployed PRIME to manage the issuance of its expanding cards portfolio because of its market-leading flexibility, ease of use and speed-to-market capabilities, to help QNB exceed its growth targets. QNB will leverage the “PRIME 4” upgrade for multiple countries, multiple languages and multiple currencies on a multi-institutional platform to achieve its cross-border expansion policy. It offers a cost-effective single platform licensing solution for issuing and acquiring with built-in, rule-based technology to monitor and detect suspicious transactions in real time.
Qatar Islamic Bank – the benchmark Islamic bank in Qatar and one of the leading Islamic banks in the world – announced today that it had achieved compliance with the PCI DSS (Payment Card Industry Data Security Standard) version 2.0. The PCI DSS Compliance Certificate was received today by QIB Acting CEO Ahmad Meshari from…
QNB is partnering with a number of stores in Qatar to offer QNB Credit Card customers with access to 0% financing over six equal monthly installments with its “FlexiPlan” installment option. Applicable to all QNB credit cards, the program is valid at Rivoli watch stores for purchases between 1 October 2011 and 30 April 2012. The QNB “FlexiPlan” is also available at the group’s Tag Heuer and Rado stores at Doha City Center, as well as the Omega store at Landmark. QNB will launch an installment campaign with Jumbo Electronics stores during the period of 15th October till 4th November 2011.
QNB “Use & Win” campaign awarded 20 Lucky winners, whom will have payments made to Kahramaa and Qtel for the month. All QNB and Non QNB customers who used QNB ATMs to make Kahramaa and Qtel Bill payments were eligible for the promotion.The lucky draw was open to everyone in the country and included both QNB customers and customers using the ATM cards of other banks to complete their transactions. The winners included both QNB and non-QNB customers. This promotion is part of a five-month campaign, which started on 02 May 2011 and ends on 30 September 2011, during which QNB will offer anyone paying their Kahramaa and Qtel monthly bills or purchasing Qtel’s prepaid services through the Bank’s ATM network, the chance to win a grand prize Jeep Grand Cherokee.