News from the Wire

FIME partners with Alhamrani Universal for acquiring, issuing banks in Saudi Arabia

Monday, May 23, 2016 — 12:48:04 (EDT)

Antony, France, May 23, 2016 -- FIME today announces its latest partnership with Alhamrani Universal Co Ltd. in the Kingdom of Saudi Arabia (KSA). Issuing and acquiring banks in KSA can now access FIME’s full range of test tools, consultancy, training and testing services directly from Alhamrani Universal. Banks will benefit from the close support network delivered by a regional partner in local languages and currency.

“The Saudi Arabian market is poised for considerable expansion as EMV migration continues and the country prepares for the roll out of contactless and mobile payments,” comments Mikael Berrebi, Vice President, EMEA at FIME. “FIME is committed to facilitating this growth by supporting banks in achieving the necessary certifications quickly and efficiently. A strong local presence underpins this commitment and, in Alhamrani Universal, we have a partner with an excellent regional profile, infrastructure and offering.”

Alhamrani Universal is Saudi Arabia’s leading provider of ATM, point-of-sale and security solutions, with a comprehensive support network of 35 service centers and over 450 engineers.

Tariq Abdat, President at Alhamrani Universal, adds: “We look forward to combining our expertise with FIME to widen our offering and provide Saudi Arabian banks with the most advanced testing and consulting services on the market. With these products and services, banks will be able to achieve the required certifications quicker than ever before.”

FIME will be exhibiting on booth M44 at Cards and Payments Middle East. Alhamrani Universal will be located at booth H20. The event, held in Dubai from 31 May 2016 to 01 June 2016, is the region’s largest event dedicated to smart cards and payments. To arrange a meeting, please contact FIME.

About FIME

FIME offers comprehensive consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transit and identity sectors. Its experts support projects from start to finish, resolving the technical challenges its customers face when implementing a complete portfolio of specifications, standards and multi-brand industry requirements.

FIME speaks the language of its customers and uses its 20+ years of experience to ensure that card and mobile transactions services are implemented efficiently and successfully. It supports a range of technologies including contact, contactless, EMV chip, near field communication (NFC), host card emulation (HCE), tokenization, secure element (SE), machine to machine (M2M), internet of things (IoT) and trusted execution environment (TEE).

Partnering with the international and national payment schemes, and industry bodies, FIME ensures its multi-brand offering is always aligned with the latest market requirements. www.fime.com

About Alhamrani Universal

Alhamrani Universal (AU) is a dynamic company founded in 1981 and during the passage of time has achieved a reputation for providing innovative, high-quality payments and security solutions including ongoing support services. With one of the most experienced management teams in the industry, AU employs over 600 professionals and is the largest ATM solution provider and a pioneer in EFT POS and Security solutions across the Kingdom of Saudi Arabia.

AU takes pride to be the market leader and states that AU offers services to more than 10,000 ATMs - and more than 100,000 points of sale (POS) devices, powered by the most comprehensive field service and logistics infrastructures, including 35 service centers and more than 450 engineers. In spite of all this, we know that we are at the beginning of the road and that there is still much to be done”.

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Source: Company press release.