PROJECT UPDATE
QATAR
QATAR
Ooredoo has recently signed an agreement with Oman Investment and Finance Co SAOG (OIFC),
appointing the latter as a collection agent for its debt-recovery services.
This is an additional agreement between both the parties for collection through OIFC branches and bill
payment machines, spread across the sultanate.
The new deal widens the number of channels available for Ooredoo customers to pay their bills to include
all of OIFC ‘s 45 branches and outlets and its wide network of bill-payment machines. Ooredoo branches
and outlets would also continue to offer these services.
UAE
UAE
Visa is talking to the UAE and other regional banks about innovation in payment security to lower the
incidence of fraud, and the single biggest spending by the company is on security.
Through mobile phone location, Visa seeks to determine the location of client at the point of sale, make
use to chip technology, use biometrics among other new methods to ensure safety of transactions.
“Every single time you use your payment card. We look at 500 different data points to determine if it is
good or bad. We are refining that risk code. We know that incorporating this cell phone location and add
tremendous amount of data to that risk,” Mark Nelsen senior vice-president of risk products & business at
Visa Inc. told Gulf News in an exclusive interview.
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