Oman Arab Bank (OAB) has selected BPC Banking Technologies’ SmartVista suite to enhance its payment business. This will enable the bank to meet its objective of having a modern platform to adapt to the changing retail banking market.

The product will enable the bank to manage its ATM estate more effectively, comply with future standards for the introduction of Europay, MasterCard, Visa (EMV) alongside modern and flexible card issuing capabilities and fraud prevention, the company said.

In the future OAB will offer EMV compliant card products as well as support local cards (Islamic) based on Visa Electron. The bank will also acquire AmEx cards for the first time. With the introduction of SmartVista the bank will provide support for e-commerce for Visa debit cards issued by OAB, it added.

Fahd Amjad, general manager of retail banking at OAB, commented: “Transforming customer experience is always heavily reliant on investing and improving on technologies within the retail business. The partnership with BPC gives us an ability to innovate products and adapt our business offerings to changing consumer demands. We expect our clients to be delighted not only with the enhanced level of security but also the many feature rich products that we will be introducing with the help of the new solution.”

Angelo Bertini, managing director for Mena region at BPC Banking Technologies, added: “Although the project has just begun, with Oman Arab Bank we see huge delivery opportunities via SmartVista, among which are total control of its reloaded card business, terminal network management improvements and crucially the future flexibility and control to introduce new products and services easily. We believe that even now the benefits of choosing SmartVista are obvious: OpEx reduction, speed to market, the introduction of new products and services for the banks customers and regulatory compliance.” –TradeArabia News Service