GBM signs partnership with SunTech

Gulf Business Machines has signed a partership deal with SunTech to bring innovative next generation financial services solutions to the Middle East

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By  Mark Sutton Published  July 30, 2003

Gulf Business Machines (GBM) has signed an agreement to provide SunTech’s range of banking solutions. Under the deal, GBM will offer banking and finance, e-learning, e-government and other payment solutions to customers across the Middle East.

Among the solutions that GBM will be focussing on are the SunTech Easy Payment Receipts Application (EPRA) that provides an alternative to ATMs; the MyCard multi-function smart card and the IReach 2-way Notification Server, for mobile banking.

“GBM and SunTech Solutions are working together to add a new dimension to the total value offering in the banking and financial sector, which includes providing the ability for such entities to securely collect credit card payments through alternative channels, such as at petrol stations and supermarkets, as well as offering personalised applications for future chip-based smart cards,” said Muhammad Ashraf, senior architect with GBM.

Rohit Tandon, director of SunTech Solutions explained that the advanced solutions could provide a range of benefits for financial service providers and their customers. “Alternative credit card payment methods through EPRA terminals rather than conventional ATMs offer additional conveniences for customers as well as cost savings for banks. The MyCard application, which contains a menu of personalised applications, allows organisations to enhance the range of services offered through a single card, thereby enhancing the functionality of the soon to be introduced Europay MasterCard Visa (EMV) cards,” Tandon said.

With IReach, there is no more need to dial a telephone and go through a long menu of instructions—a simple SMS message sent by a customer enables him to check his credit card dues, enquire about his current and savings account balances and obtain the latest currency exchange rates,” he added.

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