Arab Banking Corporation (ABC) has signed of an agreement with Euronet Middle East (ENME) for ATMs and debit cards management..

The multi-year agreement covers all countries where ABC has retail operations.

Under the agreement, Euronet Middle East will manage the issuing and processing of the bank's debit cards portfolio, drive its ATM installed base, and provide gateway services to local and international networks, said an official spokesman.

The agreement includes comprehensive maintenance, network management and monitoring, security, reconciliation, settlement, and help desk services.

'The signing of this agreement is an important step that underlines our continuous commitment to provide clients with the best, fast and reliable electronic banking products and delivery channels. It also clearly indicates the bank's policy to outsource specialised technical services wherever possible, to enable the bank's resources to focus on its core banking business activities and to better serve clients,' said ABC head of group retail banking Sethu Venkateswaran.

'The fact that the ABC Group chooses to use Euronet Middle East Services across its countries makes us very proud as it clearly demonstrates the successful growth of Euronet Middle East and its regional strength as a leading provider of ATM and debit cards outsourcing services within the whole Middle East,' said general manager of Euronet Middle East Mohamed Mousa.TradeArabia News Service