30 November 2006
Bahrain-based Al Salam Bank signed an outsourcing agreement with Euronet Middle East. Euronet Middle East will manage the issuing and processing of the bank's debit cards portfolio, drive its ATM installed base, and provide gateway services to the local and International networks. The agreement includes comprehensive maintenance, network management and monitoring, security, cash forecasting, reconciliation and settlement, and help desk services.
Nabeel Ebrahim Al Tattan, EVP Al Salam Bank said: "The signing of this agreement is an important step in our preparations to launch debit card and ATM services later this year, and underlines our commitment to provide clients with fast and reliable electronic banking products and delivery channels. It also illustrates the bank's policy to outsource specialised technical services wherever possible, to let our internal resources focus on our core banking business activities."
Mohamed Mousa said: "The succession of Debit cards and ATM outsourcing agreements signed by our team is a strong indication of our continued success in the market, and with the addition of Al Salam Bank Euronet now provides debit cards and ATM outsourcing Services for institutions in more than five countries across the Gulf region and the Middle East in its first year of operation which is a remarkable achievement for the company."
Bahrain-based Al Salam Bank signed an outsourcing agreement with Euronet Middle East. Euronet Middle East will manage the issuing and processing of the bank's debit cards portfolio, drive its ATM installed base, and provide gateway services to the local and International networks. The agreement includes comprehensive maintenance, network management and monitoring, security, cash forecasting, reconciliation and settlement, and help desk services.
Nabeel Ebrahim Al Tattan, EVP Al Salam Bank said: "The signing of this agreement is an important step in our preparations to launch debit card and ATM services later this year, and underlines our commitment to provide clients with fast and reliable electronic banking products and delivery channels. It also illustrates the bank's policy to outsource specialised technical services wherever possible, to let our internal resources focus on our core banking business activities."
Mohamed Mousa said: "The succession of Debit cards and ATM outsourcing agreements signed by our team is a strong indication of our continued success in the market, and with the addition of Al Salam Bank Euronet now provides debit cards and ATM outsourcing Services for institutions in more than five countries across the Gulf region and the Middle East in its first year of operation which is a remarkable achievement for the company."
© Bahrain Tribune 2006
