Source: Card Tech Limited
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'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'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."