Saudi Arabia's Al Rajhi Bank (ARB) is installing ACI Worldwide's Smart Chip Manager package for the issuing and processing of multi-application EMV smart cards.
The bank will use ACI's software to manage the issuing and acquiring of 4.3 smart million cards.
The platform will allow the bank to issue instant EMV compliant smart cards and will support smart card enabled domestic SPAN2 payments framework. The technology will also be used to migrate ARB's credit card portfolio to the EMV standard.
Suliman Al Obaid, GM, IT and shared services group, ARB, says the ACI technology "ticked all the boxes we needed it to, from instantly issuing EMV cards to providing an integrated risk management environment".