NBD, CTL launch samrt card venture

DUBAI — National Bank of Dubai yesterday announced the successful launch of its M/Chip and Visa Smart Debit and Credit (VSDC) acquiring processing facility with the help of Card Tech Limited (CTL), a leading cards and payments provider. This successful implementation, not only secures NBD's leading status as one of the first M/Chip acquirers in the Gulf, but also marks CTL's first M/Chip implementation in the region.

By A Staff Reporter

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Published: Fri 29 Jul 2005, 12:35 PM

Last updated: Thu 2 Apr 2015, 2:48 PM

NBD, one of the leading banks in the UAE, is the first among many banks to complete the Europay Mastercard and Visa (EMV) certification process for Visa and MasterCard. Since completing the process, the bank can move forward and process live M/Chip transactions using CTL's ONLINE - the world's first complete real-time authorization and message switching system.

Sue Evans, Head of Information Systems & Technology at NBD, said : "We are pleased to be one of the first card acquirers in the Gulf to have successfully implemented MasterCard Chip acquiring services."

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