Arab National Bank has selected Postilion’s application for card issuers to manage its card issuance programme.
Postilion is a US-based provider of software applications for self-service banking and payments and is a division of S1 Corporation.
In addition to meeting the bank’s Europay, MasterCard and Visa (EMV) compliancy needs, the Postilion application will provide the bank with complete lifecycle management for debit cards, including the secure preparation of production files, PIN generation and account status management, said Postilion.
The bank will also introduce instant card issuance at its branches. This functionality, provided by Dynamic Card Solutions, is expected to improve service for new customers and facilitate the rapid replacement of lost or stolen cards for current customers.
John Loomis, chief investment officer of Arab National Bank, said: Replacing our card management and issuance system comes as part of an overall retail banking technology refresh and the introduction of a service-oriented architecture. In addition to meeting compliancy requirements, we also wanted to have a single view of customer activity across all interaction points, including cards.
Steve Kirrage, senior vice president and general manager of Postilion for Middle East, said: Cards issued by financial institutions in Saudi Arabia need to comply with EMV, Span 2 and PCI DSS standards which are aimed at improving security and reducing fraud risk. Arab National Bank’s deployment of Postilion not only provides a simple route to this compliance, but also differentiates the bank from its competitors.
