CIT Global successfully delivers the National Switch Consultancy project

The consultancy provided by CIT is covering the way forward for the Oman Switch Network.

CIT Global was selected as the CBO's consultant for such a critical decision in order to introduce New Trends & Technologies in this field as well as the latest Industry Standards. Based on CIT Global's expertise, the CBO was able to assess the existing EFT environment in the country, identify and prioritize their requirements thus mapping their business with a future vision.

CIT Global has performed an assessment of the current payment infrastructure and the current operating switch networks in Oman with the availability to upgrade/replace any of the working two networks with a new state-of-the-art network that should resolve all pending issues with the current network as well as to satisfy the future needs for Oman in the coming 5-10 years.

With its long and proven experience in the EMV & EFT (Electronic Fund Transfer) business, CIT Global offered CBO assistance in establishing and operating a robust and reliable national EFT ýservices that benefit both the service providers and the cardholders of the Sultanate of Oman, by providing a group of consultancy services that includes both business and technical consultancy, as well as recommending the best approach for the way-forward and the transitional plan for crossing from the current phase to the desired future phase.

"CBO has acknowledged the initiatives undertaken by CIT Global as an international EMV and payment consultancy and solutions provider, to partner with us in initiating the project of reviewing the National Switch in Oman. " Said Mr. Amr Hazem, Managing Director ME - CIT Global.

This project is the fruit of the strategic cooperation between CBO and CIT Global with the contribution of Bishara Establishment, a leading Total Solution provider and CIT Global's local partner in Oman., and it required extensive communication with the financial external entities resembled in the 16 banks operating currently in Oman.

"Our extensive pool of qualified consultants has been instrumental in delivering key services to our customers and partners in the ePayment space with the large majority being major financial institutions. With direct hands-on experience of EMV and other Smart Card programs, they have been able to successfully deliver EMV projects from strategy planning to testing and implementation."