Network International, UAE’s largest payment services provider for credit and debit cards, is to handle most of Al Hilal Bank’s processing including its debit card management, ATM switching and an integrated credit card management system as well as fraud monitoring, dispute handling and card personalization.
Its chairman, Abdulla Qassem, said the company secured the deal in competitive bidding and added that the UAE implementation will be used as a model for expansion to other countries.
This is Network’s first step into Islamic banking. Network is an Emirates NBD subsidiary.