DOHA: Ahlibank, a leading Qatari-owned financial institution, and NCR Corporation, a global leader in omni-channel solutions, yesterday jointly announced that Ahlibank has become the first bank in Qatar to deploy ‘Near Field Communication’ (NFC) enabled transactions via the ATM.
Being the first bank in Qatar to offer contactless card payments to its customers at retail outlets via point-of-sale, Ahlibank has cemented its position as ‘thought leaders’ who is always first in bringing latest innovations in payments technology to the country.
The bank has rolled out NCR’s NFC solution across select ATMs recently, giving its customers the option to simply tap their NFC-enabled card to execute ATM transactions faster and more securely than through traditional card insertion method.
In a systematic activation of the service, the facility will be available across the Bank’s ATM network by the end of 2018. Powered by NCR’s Payments and Transaction Processing solution, Ahlibank’s customers will be able to use their Debit and Credit contactless cards on Ahlibank’s ATM network. T
his new NFC enabled ATM transaction service from Ahlibank will set new benchmark in self-service banking experience for its customers in Qatar.
“As the first bank in Qatar to offer our customers the ability to tap and transact at retail outlets, extending this ability to ATMs, again a first in Qatar, is an excellent and tangible evidence of our commitment to enhance our customer experience by offering innovative solutions that change the consumer experience when conducting financial transactions,” said Hassan Al Efrangi, Deputy CEO, Retail and Private Banking, Ahlibank.
“We will continue to focus on listening to our customers and understanding their needs and provide better customer experiences by leveraging innovative technologies. Our association with NCR is a step in the right direction to help us understand customer behavior and preferences and implement innovative solutions to meet those needs,” he added.
“We are privileged to partner Ahlibank to integrate NFC technology for ATM transactions as it offers customers more convenience, and faster and secure transactions against card skimming,” said Wael El Aawar, Vice-President of Sales, NCR Banking, in the Middle East and Africa region.
“NCR is working closely with financial institutions to understand the challenges they face and introduce innovative technology to address them.”