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Monday, November 9 - 2009

Network International signs agreement with Bank of Sharjah

  • United Arab Emirates: Wednesday, February 08 - 2006 at 10:13
  • PRESS RELEASE

Network International, the region's most comprehensive card solutions provider, recently signed a new agreement with Bank of Sharjah to facilitate its personalisation service for their Smart Credit Cards.

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'Bank of Sharjah is one of the first national banks to launch chip-enabled credit cards in the United Arab Emirates. They are in the midst of an ongoing drive to provide their customers with the most reliable, secure and convenient credit card available,' said Mr. Varouj Nerguizian, General Manager of Bank of Sharjah.

"Network International, with its extensive portfolio and experience in handling Smart Credit Cards for other leading banks in the region, was the obvious choice to team up with and take this process forward. Network International's proven technical expertise in credit card services and the fact that it is the only EMV certified bureau in the region will greatly aid us in our mission to make things easier for our customers."

Smart cards greatly improve the convenience and security of any transaction. They provide tamper-proof storage of user and account identity. Smart Cards also provide vital components of system security for the exchange of data throughout virtually any type of network. They protect against a full range of security threats, from careless storage of user passwords to sophisticated system hacks.

Multifunction cards can also help in network system access and help store valuable data.
Mr. Ram Chari, Senior Manager of Network International said, "We are delighted with our agreement with Bank of Sharjah. This is another important landmark in our vision for a region that is completely connected to the huge benefits associated with smart card technology."

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. It specialises in managing and processing card payment solutions, ATM sharing services, merchant acquiring, e-commerce solutions and chip card programmes.
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ABOUT NETWORK INTERNATIONAL:
Established in 1994, Network International LLC is today one of the leading credit card and payment services providers in the Gulf and Middle East Region geared to meet the needs of Banks, Financial institutions, and large and individual retailers.

The company is a Principal Member of Visa International and MasterCard International offering customers the most comprehensive range of products and services in both the Issuing and Acquiring segment of the card industry, in the Gulf and Middle East region and beyond.
In addition to the processing and management services offered, Network also provides Consultancy services ranging form Planning and designing, to developing of new products and services and providing sponsorship with Visa and MasterCard International.

To date Network International provides credit and debit card processing services, ATM sharing and ATM management services to more than 25 Banks in the region and manages one of the most extensive ATM networks exceeding 130 ATMs.
As a Merchant acquirer in the UAE, Network International enjoys more than 35% of the market share through its network of EFTPOS terminals installed. The company has also established Merchant Acquiring, processing recruitment partnership with third party customers namely American Express, Diners Club, EPPCO, DEWA, Dubai Police, Showtime, Arab Digital Distribution and E Company for E commerce merchant services.


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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