View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 5, 2005

Abu Dhabi bank selects ACI Software for open payments platform

Abu Dhabi Commercial Bank, of United Arab Emirates, has selected payment solutions company ACI Software's BASE24-es to consolidate A and Point of Sale transaction authorization onto a single platform.

By CBR Staff Writer

Representing the next generation of ACI’s payments platform, BASE24-es will also aid the bank’s compliance with Europay Mastercard Visa (EMV) mandates calling for the introduction of chip cards to reduce card fraud in the region.

Using BASE24-es, Abu Dhabi Commercial Bank will consolidate two systems to a single platform for Point of Sale (POS) and A transaction authentication, routing, switching and authorization. The centralization of transaction authorization will enable Abu Dhabi Commercial Bank to monitor complete customer activity and make more informed authorization decisions.

The single platform approach will provide cost benefits due to reduced complexity within the systems environment and the related hardware and software support costs.

In deploying the software, Abu Dhabi Commercial Bank has addressed EMV compliance for both its A and POS networks. EMV will introduce a liability shift for fraudulent transactions from the banks to the non-EMV compliant merchants. The deadline for compliance is the end of 2005.

Abu Dhabi Commercial Bank will run BASE24-es on a Sun Solaris platform. The software is designed to operate on a range of platforms including Sun, IBM and HP leveraging the specific strengths and characteristics of each technology.

We will maximise the potential of EMV to offer our customers new multi-application smart card services, said Steve Dickens, chief operations officer at Abu Dhabi Commercial Bank. ACI’s BASE24-es will not only help us achieve EMV compliance, it will provide the scalability and flexibility to support future developments.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.