RAKBANK has announced the launch of its new innovative RAKBANK Titanium MasterCard using Card Tech Limited (CTL) technology. The card carries a no-fee guarantee that provides its holders with multiple benefits including a cash back incentive of up to 2% on all purchases made.
Since 2000, RAKBANK has been working with UK-based bankcard solutions provider, CTL, to bring to market a range of innovative credit card products and services that are both exciting and rewarding for its cardholders. The cards, including RAKBANK MasterCard and RAKBANK Visa Credit Card, are linked with extensive discount programmes for healthcare facilities, travel agents and restaurants.
Anil Chander, Head of Cards at RAKBANK, said "Using CTL&39;s PRIME solutions, RAKBANK has been able to launch a series of unique, innovative credit card products and services to the market. For example, the RAKBANK Credit Card Cheque is the first and only service of its kind in the UAE - a clear market differentiator for the bank, enabled by CTL&39;s supporting systems technology."
Edith Kessler-Charalambous, General Manager Business Expansion at CTL, added "CTL has been a pioneer of innovative technology since 1989. Its proven solutions enable financial institutions around the world to differentiate their service offering, customize products for specific market segments, facilitate new revenue streams and explore their own creative marketing initiatives."
CTL Contact:
Edith Kessler-Charalambous
General Manager Business Expansion
Tel: +44 20 7761 7800
http://www.ctl.com
About Card Tech Limited
Card Tech Limited has been providing payment association certified solutions to the bankcard sector since 1989. More than 190 banking clients from 70 countries use CTL systems. CTL solutions include card issuance, merchant acquiring, authorisation, message switching, encryption key and PIN management, e-commerce and fraud management. Addressing every aspect of the card management business cycle, they are developed and supported by a dedicated team of over 300 CTL specialists across five regional offices in London, Nicosia, Moscow, Kuala Lumpur and Dubai.
About RAKBANK:
RAKBANK is the National Bank of Ras Al-Khaimah. It was founded in the emirate of Ras Al-Khaimah on June 15th, 1976. Over the ensuing years the bank has grown and flourished and now has a significant retail banking business throughout the UAE.
The Bank continues to expand the base of its groundbreaking products and services through a young team of business innovators setting new standards in the banking industry within the region.
RAKBANK Contact:
Grace Ghunaim
Manager Public Relations, RAKBANK
Mobile: + 050 5504671
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