China’s UnionPay has inked Alinma to enable all ATMs and merchants in Saudi Arabia to accept UnionPay cards, making Alinma the first local bank to accept UnionPay cards. In order promote card usage channels, the two sides also agreed to cooperate in issuing UnionPay cards for the purpose of providing secure and convenient payment services…
Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
After the implementation of the Kyrgyzstan bank card settlement project in central Asia, Globebill signed a bank card settlement cooperation agreement in Saudi Arabia.
The Saudi Investment Bank (SAIB) has been awarded with ‘Best Loyalty Program of the Year in Financial Services’ at The Loyalty Awards, honoring special recognition of innovation and achievement in loyalty marketing.
San Francisco-based Boku has buddied with MT2 to bring direct carrier billing to Google Play for Zain subscribers in Saudi Arabia. This benefit is particularly important in Saudi Arabia, where only 17% of consumers have a credit card and only 46% have any kind of bank account.
Visa announced a partnership with Borderfree international cross-border ecommerce solutions. Borderfree operates a technology and services platform that allows US retailers to transact with customers in more than 100 countries and territories and more than 60 currencies worldwide. Borderfree’s customer portfolio includes some of the world’s most iconic brands, including Bloomingdale’s, Sears, Macy’s, Gilt, Elie Tahari and Neiman Marcus, among others. Visa’s partnership with Borderfree will commence with an exciting Neiman Marcus promotion which will be rolled out in select markets in the Middle East, including the UAE, Saudi Arabia, Kuwait, Qatar and Bahrain. Visa has partnered with almost 40 banks in the region to exclusively offer cardholders of participating banks duty-free and free international express shipping of goods purchased in excess of US $100 through August 20, 2014.
Saudi Investment Bank (SAIB) will better serve customers with a number of new ATMs with video technology from NCR Corporation. NCR APTRA Interactive Teller will allow customers to complete over 95 percent of typical branch transactions right at the ATM, 24 hours a day, with the assistance of a live, remote teller. Configured with ‘scalable cheques processing module’ (SCPM), NCR APTRA Interactive Teller can accept and process cheques, while also enabling the remote teller to immediately cash cheques for customers from anywhere, at any time. As part of the agreement, NCR will provide software application development, system analysis, support services and related training programs.
“The Cashless Journey” a new global report from MasterCard, positions Kingdom of Saudi Arabia among those economies that have begun accelerating their move towards becoming a cashless society. The report, produced by MasterCard Advisors, explores the evolution of consumer payment patterns in 33 countries from five regions, representing more than 85% of global GDP, taking in both developed and developing nations, using a single methodology.
Extending advanced, nontraditional self-service options to Al Rajhi Bank’s customers, Diebold, Incorporated (DBD) is deploying multi-purpose kiosks across the Saudi Arabian bank’s network through its business partner in the Kingdom, Alhamrani Universal Company (AU). The customized kiosks offer unique transaction options such as issuing checkbooks and debit cards, as well as enabling online banking, statement printing and opening of new accounts. Diebold is also adding 560 Opteva® automated teller machines (ATMs) to the bank’s fleet, including 160 Opteva Flex Performance SeriesSM terminals that will enable the latest technology in cash deposits. The ATMs validate deposited notes, detect counterfeits, check note fitness and sort cash.
The Islamic Development Bank Group has signed a service agreement with Misys financial app software to enhance the Treasury and Investment Departments within the IDB Group. Misys will provide various solutions including Opics Plus, Opics Risk Plus, Sophis VALUE and Eagleye to enhance the capacity of the Treasury and Investment functions to serve IDB’s clients more effectively and make its internal processes more efficient as part of IDB Group Business Enhancement and Systems Transformation (GBEST) Program. This will enable IDB to monitor and report risk exposure across the IDB Group. The Misys solutions will fulfill the IDB Group treasury and investment needs for straight-through processing across the entire operations, including analysis, trade execution and risk management.
Gemalto announced Al Bilad Bank is deploying the Dexxis Instant Issuance solution for EMV payment cards in over 120 branches. Gemalto delivered its unique end-to-end solution encompassing EMV DDA* high-end security smart cards, on-the-spot card personalization and issuance solution as well as full services and support. Gemalto’s intuitive solution is customized in Arabic language and easy to use, allowing staff at Al Bilad branches to instantly issue new cards to any customer in less than three minutes. By eliminating the need for courier services, Al Bilad guarantees that all cards are delivered in person, while also optimizing costs. The Gemalto solution uses the Evolis Dualys card printer which encodes both chips and magnetic stripes and also embosses the card body with the holders’ personal data managed by Dexxis.
Visa, one of the leading global payment solution providers, in partnership with Banque Saudi Fransi is offering its Classic and Gold credit cardholders the opportunity to upgrade to Platinum credit cards and enjoy an even wider range of rewards and privileges. The campaign, which runs this month March 2012 gives Visa Classic and Gold credit…