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.
ACI Worldwide is set to partake in the Sibos conference September 16-19. Here is will host a panel discussion on the topic of banking innovation in the Middle East, featuring speakers from Al Rajhi Bank, Bank AlJazira and others. In addition, the company will be leading a second session about how organizations can implement an enterprise payments strategy. ACI will be launching its first ever video blog series from the event. Aimed to provide insight and updates from Dubai, the daily videos will be posted to ACI’s blog “Expert View.” Event attendees, as well as those who are not able to attend Sibos 2013, can get real-time updates from ACI at the event via Twitter at @ACI_Worldwide (www.twitter.com/aci_worldwide).
Gemalto digital security announced Al Rajhi Bank completed the main phase of the Dexxis Instant Issuance deployment program for on-the-spot EMV card delivery. With more than 500 branches equipped nationwide and over 15,000 cards issued daily, Al Rajhi Bank embarked on the largest rollout of any smart banking card instant issuance solution. Gemalto’s unique offer encompasses highly secure EMV DDA1 payment cards, a complete, mission-critical issuance solution along with a full set of services: training, end-to-end project management, maintenance and support.
Ensan Charity Association and Al Rajhi Bank have launched the “Ensan”
Credit Card to support social and charity projects. The charity spending
supports key causes in the Saudi community, opening social contribution
to its holders by donating to orphans via the reward points earned when
using the card. Reward points are calculated to its equal value
according to the bank’s system and automatically deposited in the
charity’s account. Customer can also deposit additional money to the
card, allowing for a greater spending limit and charitable donation.
VISA’s contactless technology continues to gain traction in the U.S. and internationally with 41 issuers in 11 countries, including seven of the top ten VISA issuers in the USA. “VISA payWave” has been applied to credit, debit, prepaid cards and is now being tested with mobile phones. Wells Fargo is currently testing “VISA payWave” on the mobile platform, using contactless and NFC for payment and mobile couponing technologies. SC-based First Citizen Bank and Barclays started to issue “VISA payWave” cards in August bringing the total number of “VISA payWave” issuers in the U.S. to thirteen. National merchants already accepting “VISA payWave” in the U.S. include BP, 7 Eleven, CVS Pharmacy, McDonalds, Taco Bell, and Jack in the Box. National merchants in the process of upgrading POS terminals to “payWave” include Einstein Noah Restaurant Group, BJ’s Wholesale Club, Circle K, Office Depot, and PETCO. In Europe, HSBC Bank, HBOS, Lloyds TSB, RBS and Barclays have been acquiring “VISA payWave” merchants in London and began issuing the new cards this month. This week VISA announced the launch of a landmark mobile payment trial with Chunghwa Telecom and Chinatrust Commercial Bank in Taiwan.
e-Kencana Sdn Bhd (eKSB) has implemented the ACI Worldwide
payment engine, BASE24, the ACI Card Management System and
ACI Smart Chip Manager. BASE24 will be used for transaction
processing through ATMs, kiosks, and self service devices. eKSB operates
Malaysia’s national e-purse scheme, MEPS Cash, for which customers are
issued MEPS Cash ATM cards. The scheme will benefit over 18 million
MyKad holders. ACI serves more than 800 customers in 84 countries.
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, a Saudi Arabian Bank, has collaborated with Malaysian
e-Kencana to create a funds transfer system to comply with Islamic
financial principles, including no interest-based gains and no links to
companies involved with tobacco, alcohol, or gambling. This funds
transfer is the first of its kind, known as Islamic Payment Switch (IPS),
and will first be introduced in the form of a debt card. This will be
marketed to Malaysians making the Mecca pilgrimage and migrant
workers in Saudi Arabia. The Debt card can be used at ATMs in Saudi
Arabia and plans to expand to other banks in Muslim countries.
In Malaysia, VISA has been developing an environment suitable for
contactless payments with the introduction of the “Visa Wave”. Since
2005, 33,000 “Wave” cards have been issued and are accepted at
2,500 outlets. The company has partnered with Al Rajhi Bank as an
issuer of the program, the sixth bank to do so, and Parkson Retail Chain
has recently joined the program. Transactions using the “Wave” take no
more than two seconds and require a minimum purchase of at least RM150.
Al Rajhi Bank (ARB) has licensed ACI Worldwide’s “Smart Chip Manager” and will use the software to manage the issuing and acquiring processes of its smart card deployment of 4.3 million cards over its 1,500 ATMs and 400 branches. “Smart Chip Manager” will enable ARB to issue debit cards that will support secure international EMV payments as well as the smart card enabled domestic SPAN2 payments framework. “Smart Chip Manager” will be used to migrate the credit card portfolio of ARB to the EMV standard. ARB will be the first bank in the region to instantly issue smart cards.
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.
Al Rajhi Bank has selected Level Four Software to introduce new innovative
services at the Kingdom of Saudi Arabia’s largest ATM network. Level Four
will also help the bank comply with regional and international regulatory
mandates, notably EMV and SPAN 2, the second generation of the Saudi
Payments Network. Al Rajhi is in the process of upgrading its ATM network
to meet the EMV mandate for smart chip cards and Saudi Arabia’s
industry-wide migration to SPAN 2 to create a secure infrastructure for
electronic fund transfers. Al Rajhi Banking and Investment Corporation is
one of the largest joint stock companies in the Kingdom, with a paid up
capital of SR 4,500,000,000. Level Four is a provider of
test and development tools for the ATM channel and has offices in
Dunfermline, Maidenhead, Dubai and Miami.