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.
Hypercom Corporation’s “Optimum T4210” card payment terminal has been
awarded Saudi Payments Network (SPAN2) certification by the Saudi
Arabian Monetary Agency making it the only high security electronic
transaction solutions provider offering both SPAN1 (old switch) and
SPAN2 (new switch) compliant terminals in the country. These
developments are part of on-going development efforts by Hypercom’s
distributor Alhamrani Universal Company banking and payment systems to
expand the organization’s presence throughout the country. The “T4210”
country-specific terminal software application is also TIP (Terminal
Integration Process) and ADVT (Acquirer Device Validation Toolkit)
Hypercom has announced that Al Rajhi Bank has purchased 4,000
Optimum card payment terminals. Among the terminals purchased is
the “Optimum M2100” wireless terminal which is portable, battery-
operated and allows for secure point-of-sale transactions. Purchase
orders were also made for dial-up card payment terminals. Al
Rajhi Bank has over 500 branches, 1600 ATMs, and 1200 installed
points of sale. The bank has capital of SR 13,500,000,000.
Hypercom provides secure payment solutions in over 100 countries.
Al Rajhi Bank has purchased 240 “Opteva” ATMs through Diebold’s business
partner in the Kingdom, Alhamrani Universal Company. Diebold’s Agilis
software will enable the integration of biometric technology in Opteva
terminals purchased by the bank. Diebold will manage the implementation
of 82 biometric terminals, providing overall development of the biometric
software solution, and will create a customized user interface in the
local language. The biometric units will be deployed at Social Security
offices throughout Saudi Arabia. The machines will allow 400,000 retirees
to access monthly retirement payments. The biometric technology will
replace the use of PINs for the authentication of identity.
Phoenix-based Hypercom reported that fourth quarter revenue rose 26% to $79.7 million compared to one year ago. Fourth quarter income before discontinued operations was $4.5 million, compared to $2.8 million or $0.05 per diluted share for the prior year. The Company closed the quarter with a sales backlog of $35.4 million versus $49.5 million as of September 30th and $57.0 million as of December 31, 2003. During the fourth quarter, Hypercom introduced a contactless version of the “L4100” terminal; joined the VISA “Smart Breakthrough Acceptance Device” program; signed a $4 million terminal contract with European processor euroConex and landed its largest order ever in the Middle East market with its distributor Alhamrani Universal for “ICE 5500Plus” terminals to be delivered to some of Saudi Arabia’s largest banks. For the full year, revenue increased more than 10% to $255.2 million. However, the Company posted a full year loss before discontinued operations of $8.7 million, compared to net income, before discontinued operations of $4.0 million in 2003. The loss was largely attributed to a second quarter reserve of $11.3 million related to the uncertainty of future payments from the Brazilian Health Ministry. For complete details on Hypercom’s fourth quarter performance visit CardData ([www.carddata.com]).
Hypercom distributor Alhamrani Universal has ordered 5,000 “ICE 5500Plus” and 5,000 “S9” card payment devices for Saudi Arabia’s
major banks. This marks the largest one-time order ever for Hypercom
Middle East. AU planes to offer the terminals and devices to its clients who include The National Commercial Bank, Arab National Bank, Al Rajhi
Banking and Investment Corporation, Riyad Bank, The Saudi British Bank
and Saudi Hollandi Bank.
Riyad Bank has agreed to deploy 100 Diebold “Opteva” ATMs across the bank’s network. Riyad has 200 branches and more than 650 ATMs. The new ATMs will be rolled out in October. Riyad Bank has purchased a mix of Diebold “Opteva 720” advanced-function lobby ATMs and “Opteva 740” advanced-function, through-the-wall, drive-up ATMs. Both run on “Agilis,” Diebold’s multi-vendor software platform. The Diebold “Opteva” ATMs were sold and supplied to Riyad Bank by Alhamrani Universal Company.
Al Rajhi Banking and Investment Corporation has purchased more than 200 Diebold ATMs, including “Opteva” units. The units will operate on Diebold’s “Agilis” software platform, an open system that allows multiple vendors’ terminals and their respective technologies to co-exist. Al Alrajhi Bank has the largest branch and ATM network in the region. Diebold operates in the Kingdom of Saudi Arabia through its distributor Alhamrani Universal.
Diebold Middle East announced Wednesday that it has completed its Middle Eastern distribution network. Diebold has appointed distributors and service partners in Bahrain, Egypt, Jordan and Palestine, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and United Arab Emirates. Diebold also announced yesterday the appointment of Hassan Hares as business development manager for the Middle East region. For the past five years, Hassan has been general manager of Electronic Banking Systems, at Alhamrani Universal Company, Diebold’s distributor in Saudi Arabia.