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BMI Bank-Sinnad sign ATM network accord.

MANAMA: Bahraini retail and commercial banking institution BMI Bank has signed an agreement with Sinnad to manage the bank's ATM network and issue its chip-enabled debit cards. Sinnad will also be responsible for implementing a comprehensive system to monitor and manage the risk associated with electronic transactions.

"I am pleased to sign our second agreement with Sinnad in the past few months," said BMI chief executive officer Jamal Al Hazeem.

"It demonstrates our commitment to continue to provide our bank's debit card customers with cutting-edge, secure and convenient payment solutions," he said.

"With Sinnad's proven track record, I am confident our customers will experience the difference in our revamped service levels leading to an overall enhanced banking experience," he added.

"The management of the ATM network and issuing the chip-enabled debit cards will offer the bank's customers a secure environment on all their electronic transactions which is accepted within GCC and international networks, enabling the bank's customers to conduct their transactions from any place in the world," said Sinnad general manager Ebrahim Janahi.

"Sinnad, a joint venture between Network International and the Benefit Company, is seeking to provide the best solutions for all services related to cards, ATMs and risk management for banking transactions for all banks in Bahrain and the Gulf states at the latest international standards and specifications," he added.

BMI Bank signed an agreement with Sinnad in May, authorising it to issue and manage the bank's chip-enabled Diners Club credit cards, in addition to building up a system for monitoring risks related to electronic transactions.

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Publication:Gulf Daily News (Manama, Bahrain)
Date:Aug 10, 2011
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