AUB enhances merchant profitability from Point of Sale Terminals

20/05/2013 16:03 AST

Ahli United Bank is expanding Point of Sale (POS) Acquiring in Bahrain with systems and terminals to meet the growing needs and expectations of retail chains, hospitality, travel, telecom, utility services, commercial establishments and other sectors.

Abdulla Al Raeesi, Deputy Group CEO – Retail Banking, Ahli United Bank, said, “AUB’s POS solution is engineered to the highest global standards and offers improved features and efficiency in operations. The Bank will soon be launching its Dynamic Currency Converter (DCC) which will enable merchants to earn foreign exchange income on overseas card transactions in Bahrain. This feature is ideal for hotels, travel, tourism and high end fashion chains where use of international credit and debit cards are significant. New features already launched such as the multi-lane solution for hypermarkets and the fully integrated 3C solution for the hotel sector have received a very encouraging response”.

“Ahli United Bank provides clients with state of the art GPRS terminals which offer faster response times and are convenient for use in restaurants and other outlets with high traffic flows for improved turnaround time and efficiency,” said a press release. “AUB is the only Bank in Bahrain which currently offers Shari’ah-compliant banking services to its POS clients, where required.”

“These many unique features have been enabled through a strategic tie up with Network International which holds a commanding position in the merchant acquiring space in the United Arab Emirates, a result of their superior technology, committed service delivery and improved turnaround times, all of which are critical requirements for a robust and growth-oriented Point of Sale service”, added Al Raeesi.

CPI Financial