Wednesday 2 September 2015
 
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debit

AFS achieves certification for credit, debit platforms

Bahrain-based Arab Financial Services (AFS), a provider of electronic payments and consumer finance outsourcing services, has achieved the Payment Card Industry (PCI) Security Standards Council Certification 3.0 for its credit and debit platform

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Visa cardholders spent $4bn during Ramadan

Visa cardholders in Mena spent on $3.98 billion across all Visa products, credit, debit and prepaid during the 2014 Ramadan, reflecting a 16 per cent increase over the same period last year, a report said. The findings were releas

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Bank Audi launches Visa PayWave debit cards

Lebanon-based Bank Audi sal has become the first bank in the country to implement the Visa payWave technology and issue Visa payWave debit cards to its customers.   Visa’s payWave technology is a globally a

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Six held in $45m cybercrime racket

Six people were arrested and charged on Monday for participating in a worldwide ATM heist that stole $45 million from two Middle East banks. The five men and one woman, all residents of the New York City suburb of Yonkers, were ac

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UAE’s cbank to kick off Direct Debit System

The Central Bank of UAE is set to kick off the ‘Direct Debit System’ on October 5, following the completion of registration of banks and finance companies into the system. Direct debit is a safe and convenient method o

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Rakbank launches discount deal website

The National Bank of Ras Al-Khaimah (Rakbank) has announced the launch of a new website for its weekly discounted deals. Rakbank's latest creative value-added platform is aimed at offering its credit and prepaid card customers with exclusi

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Ithmaar issues branded ATM cards

Bahrain-based Ithmaar Bank, a premier Islamic retail and commercial bank, is issuing its customers new Ithmaar-branded ATM (debit) cards. The distribution of the new Ithmaar-branded ATM cards, which replace the older Shamil-branded cards,

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EDC gets Visa and Mastercard approval

Electronic Document Centre (EDC), a subsidiary of Emirates Post, has been certified by Visa and MasterCard for its expertise in producing payment cards. This includes Debit, ATM & Credit cards. EDC also produces Health, Insurance, ID a

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