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First "Visa Chip Card" launched in Pakistan
Contributed by: G3nu1n3, at 3/08/2005 12:16:00 PM.

United Bank Limited (UBL) has chosen XLS software from Welcome Real-time to power its newly launched credit card, the first Visa chip credit card in Pakistan and South Asia.

UBL is one of Pakistan's largest banks with 3.5 million customers and more than 1000 branches. UBL's acquiring partner, RFM Loyalty, uses XLS Server to manage a network of payment terminals, which are equipped with a payment application developed using XLS POS software libraries. "The move to chip cards is a major event in consumer finance, and banks naturally want to get maximum benefit from their investment," said Aneace Haddad, Welcome's chairman and founder. "Leading banks like UBL are taking advantage of this one-time opportunity to create competitive advantage by offering customers and merchants many rewards and payment options and services besides enhanced security."

Courtesy : Dareecha


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