Printer Friendly

QIIB unveils 'Contactless Payments Service'.

BANKING AND CREDIT NEWS-July 9, 2019--QIIB unveils 'Contactless Payments Service'

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 09 July 2019

QIIB has launched its Contactless Payment Service across all credit and debit cards, keeping up with the latest banking technologies, The Peninsula Qatar has reported online.

QIIB will now be the first Islamic Bank in Qatar to launch the service. With the contactless service, QIIB card holders can easily use their cards without having to insert them into multiple payment devices, such as points of sale (POS).

Omar Abdulaziz Al Meer, QIIB chief of Business Development, said, 'We are delighted to be able to keep up with the latest global technologies in the Banking Sector. We are pleased to be the first Islamic bank in Qatar to launch this service'

'In addition to the ease of use, this service is highly secure as it is conforms to the International Security Standards relating to payment processing, which we consider as a top priority. This year, QIIB was awarded the highest certificate in the protection of Banking Cards Data (PCI-DSS), for the fourth consecutive year. This certificate is awarded to institutions that achieve the best security standards. Thus, launching the Contactless service is the natural progression of QIIB to offer the best in class payment services to our Customers,' Al-Meer added.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Geographic Code:7QATA
Date:Jul 9, 2019
Words:247
Previous Article:Franklin Financial Network names general counsel and executive vice president.
Next Article:Bajaj Finance reports increase in loan growth.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters