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Friday, March 19 - 2010

Network International in multiple service agreements with Abu Dhabi Commercial Bank

  • United Arab Emirates: Monday, May 16 - 2005 at 17:03
  • PRESS RELEASE

Network International, the region's leading EMV-certified payment card solution provider, recently signed two agreements to provide smart card personalization service and Merchant processing service to Abu Dhabi Commercial Bank (ADCB).

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  • Left To right: Rizwan Shaikh, VP, Head of Cards & ATM's ADCB, Steve Dickens, COO, ADCB, Abdulla Qassem, Chairman Network International, Ram Chari, Senior Manager, Network International.
    Left To right: Rizwan Shaikh, VP, Head of Cards & ATM's ADCB, Steve Dickens, COO, ADCB, Abdulla Qassem, Chairman Network International, Ram Chari, Senior Manager, Network International.
The Merchant Processing agreement caters for EMV Acquiring capabilities at Abu Dhabi Commercial Bank Point of Sale (POS) terminals, hosting of merchant accounts and payments facilities. The entire back office functionality required for merchant processing is being handled by Network International for all ADCB merchants based anywhere in the United Arab Emirates.

In addition, the Smart Debit Card Agreement signed between NI & ADCB means that Network International will provide personalization of un-embossed MasterCard chip cards. This will enable ADCB in issuing smart cards to all their account holders in the shortest possible time. Network International will also look after the card renewal and replacement requirement for ADCB customers.

ADCB is constantly evolving & is an exceptionally well positioned bank in the region. Despite offers from several international vendors, ADCB awarded these projects to Network International as it had confidence in Network's potential and capability to deliver.

Network caters for smart card personalization on a Native as well as Global Platforms like Multos and Java. Network is also capable of personalizing Loyalty applications on Chip cards.

Abdulla Qassem, Chairman, Network International said:"We at Network International are extremely delighted at signing such a prestigious bank. By signing these agreements ADCB has further reiterated that Network has an edge over others in handling multi-faceted requirements & meeting stiff delivery timeframes."

Mr. Steve Dickens, Chief Operating Officer, Abu Dhabi Commercial Bank said:"Our selection of NI to provide Chip personalization and production of our Smart Debit and Excellency Chip cards was based on their proven track record of reliability and efficiency. Through this partnership we will be able to provide better service to our customers through faster delivery of their new/replacement cards.

ADCB is constantly exploring ways to offer the best products and services to its customers and is committed to the creative use of technology and alliances with expert providers to better meet its customers' needs."

Network International regularly upgrades its credit card terminal software to offer the fastest and the easiest way to accept cards, and is the only company that offers a full range of card processing solutions. Network specializes in managing and processing card payment solutions, ATM sharing services, merchant acquiring, e-commerce solution and chip card programs.
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About Network International:
Network International was established as an independent card solutions company in 1994. They have since evolved into a leading credit card and Payment Services Company committed to meeting the needs of financial institutions, corporate businesses and individuals alike. They offer Smart Card Processing solutions for both Issuing and Acquiring Business. They have an EMV certified Personalization Center, the first in the region as a Third Party Processor.

Their investment in state of the art technology, reflects their innovative culture and experience in the field of card and payment solutions, it provides customers with a global range of services and processing solutions - all tailored to meet specific geographical frameworks and independent business needs.

About Abu Dhabi Commercial Bank:
Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, it's paid up share capital is AED1.5 Billion (USD410million) is one of the largest in the UAE. The Government of Abu Dhabi through Abu Dhabi Investment Authority (ADIA) holds 65% of the paid up capital, while the balance is held by UAE Institutions and Nationals.
ADCB is among the top banks in the UAE, with assets as at 31/12/2004 of AED38.393 Billion and net profit of AED 801million in 2004.
For more information visit www.adcb.com

Issued on behalf of Network International by tamra C2 For further press information please contact Khalil Majdalawi on:
Tel. (971) 4 2951177; Fax: (9714) 2951188

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