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October 7, 2009

MSCC Signs Agreement With National Commercial Bank of Libya

To provide smart card processing and operational support services

By CBR Staff Writer

Mediterranean Smart Cards Company (MSCC) has signed an agreement with National Commercial Bank of Libya to provide issuing, ATM and POS support for its 70 branches.

Reportedly, the bank has a current client base of approximately 550,000 and an ATM network of 30 machines across Libya with plans to expand to 100 ATMs by 2010.

MSCC has said that the agreement between with National Commercial Bank of Libya follows the recent announcement of MSCC, to provide smart card processing and operational support services to 40 banks across Africa over the coming 3 years. These agreements are in line with MSCC’s business strategy to provide expertise to clients on an international scale.

Hoda Shoukry, managing director, MSCC, said: “Libya is a healthy market with vast potential in the electronic payment industry. As a processing partner, our work is more than providing reliable, technologically advanced services; it’s about customizing our services to the unique demands of our clients whether they operate in Tripoli or Tanzania.”

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