Bank converted to First Data system

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By  Published  September 1, 2006

First Data International, a vendor of electronic commerce and payment services, has converted Riyadh Bank’s credit card portfolio to First Data's VisionPlus processing platform.

Under the terms of the agreement, for the next five years First Data will process both Visa and MasterCard credit card portfolios for Riyadh Bank, as well as provide secure PIN print and mail services to the bank’s customer base.

Plans are also underway for it to support a new Islamic card product.

First Data and Riyadh Bank have worked in partnership since 1994, and the conversion project was agreed as part of the renewal of First Data’s processing contract with Riyadh Bank.

Adnan Al-Joyan, senior vice president, Retail Banking Services, Riyadh Bank, said that the new platform will enable Riyadh Bank to offer an extended suite of financial services products and will support new customer acquisition and cross-selling to existing customers.

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