Bahrain-based Ahli United Bank (AUB) is rapidly expanding point of sale (POS) acquiring in the kingdom with its hitech systems and terminals and innovative features.

This is to meet the growing needs and expectations of retail chains, hospitality, travel, telecom, utility services, commercial establishments and other sectors, reported the Gulf Daily News, our sister publication.

"AUB's POS solution is engineered to the highest global standards and offers improved features and efficiency in operations," said deputy group chief executive Abdulla Al Raeesi.

"The bank will soon be launching its dynamic currency converter which will enable merchants to earn foreign exchange income on overseas card transactions in Bahrain. This feature is ideal for hotels, travel, tourism and high-end fashion chains where use of international credit and debit cards are significant," explained Al Raeesi.

"New features already launched such as the multi-lane solution for hypermarkets and the fully integrated 3C solution for the hotel sector have received a very encouraging response," he said.

AUB provides clients with the-art GPRS terminals which offer faster response times and are convenient for use in restaurants and other outlets with high traffic flows for improved turnaround time and efficiency.

"These many unique features have been enabled through a strategic tie-up with Network International, which holds a commanding position in the merchant acquiring space in the UAE," said Al Raeesi.

"This is a result of its superior technology, committed service delivery and improved turnaround times, all of which are critical requirements for a robust and growth-oriented POS service," he added.-TradeArabia News Service