A revolutionary mobile credit/debit point-of-sale (POS) terminal, designed to meet security standards worldwide
September 24, 2007: Dubai, UAE: Mashreq has recently signed an agreement with Computer Network Systems (CNS), UAE's leading system integrator, to install global payment technology leader, Hypercom Corporation's signature device - Optimum M4100 Blade, across its country-wide retail locations.
The palm-sized, high speed, 32-bit wireless signature capture devices will be supplied by CNS, Hypercom's UAE distributor. The agreement, which marks the payment industry's first deployment of a revolutionary mobile credit/debit point-of-sale (POS) terminal, is designed to meet security standards worldwide.
"We strive to fulfill our customers' needs to maintain high levels of performance and flexibility and provide optimum service," said Tony Alam, Managing Director, Computer Network Systems. "With the M4100 Blade, we combine the power and flexibility of true wireless payments for retailers and other businesses who until now, had to carry around big devices that lack full functionality very often."
The Blade is small compared to other competitive models. It is battery-operated and requires no external modem, reducing size and weight problems that make other wireless units impractical for portable use. Moreover, the Blade is a rugged, low-cost terminal that incorporates a flawless high-contrast color touch screen, accepts magnetic stripe and smart cards and offers a contactless reader, clip-on printer and docking station.
"We are extremely pleased to sign this deal with Computer Network Systems (CNS). This device brings an entirely new, fast and a highly intelligent dimension to electronic payments," said Nabeel Malik, Chief Marketing Officer, Mashreq. "With such a trusted high security transaction product and our ongoing commitment towards meeting and exceeding our clients' expectations, we continue to further enhance our solid, leading position across the UAE as well as the Arab region."
Hypercom has built a strong global reputation for providing high security, end-to-end electronic payment products and services.
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About mashreq
Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travellers' cheques, credit cards and ATMs.
It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion
Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
About CNS
With over 170 dedicated professionals and experts, Computer Network Systems (CNS) is a leading system integrator focused on providing its customers with innovative IT turnkey solutions backed up by high level of services and support. Founded in 1987 by a Ghobash Trading and Investment Group, CNS headquarters is in Abu Dhabi, with a fully operational office in Dubai. CNS has strategic partnership agreements with IT organizations across the region, enabling CNS to extend its service to its clients across the entire Middle East.
For more information on CNS, please visit www.cns-me.com or contact:
Abu Dhabi - Head Office
Tel: +971 2 6442888
Fax: +971 2 6440151
P.O.Box 46144,
Abu Dhabi,
U.A.E
CNS Dubai
Tel.: +971 4 3378822
Fax: +971 4 3374753
P.O.Box 52137,
Dubai,
U.A.E
© Press Release 2007