TORONTO and RIYADH, Saudi Arabia, Feb. 10, 2005 (PRIMEZONE) -- CIT, an international IT services and solutions provider, with long and proven experience in the EMV and EFT business, announced that it has successfully completed the delivery of a set of tailored EMV workshops and strategy formulation sessions to the Saudi American Bank (SAMBA) in the Kingdom of Saudi Arabia.
CIT EMV and ePayment teams have successfully completed two rounds of EMV workshops, covering the technical and business aspects of the EMV migration cycle. The objective of these sessions was to increase the smart card and EMV migration awareness in the bank and ensure that the bank is getting the needed readiness for such a critical initiative.
These workshops were provided at SAMBA premises, in Riyadh, KSA, and have focused on delivering a detailed strategic review of the EMV implementation business and technical requirements, identifying the potential impacts on the bank's infrastructure and processes, and working closely with the bank's senior management as a team to determine the strategic direction for implementing EMV and multi-application chip cards. The EMV awareness workshops were supplemented by the provision of an EMV roadmap document and the initiation of the EMV strategic planning exercise. In addition, specific related security training was provided in the areas of security and key management, and the implications of EMV in the overall security infrastructure of the bank.
The combination of CIT experience in EMV consultancy and migration, multi-applications smart cards, ePayment, and ePayment EMV compliant products, provided SAMBA with a unique approach to address the current needs, and ensures the successful implementation of the overall EMV initiative.
Continuing our EMV commitment to Saudi Market, and based on our successful track records, Saudi Hollandi Bank (SHB) has engaged CIT for a similar strategic partnership.
CIT is already providing SHB with focused transfer of knowledge based on our world class expertise with various EMV and epayment technologies, capitalizing on our global chip migration experience, and drawing on our senior consultants from both North America and the Middle East.
CIT has been supporting the EMV initiatives in the GCC, by holding two countrywide events in Qatar and Oman. We have directed the Migration call to all Banks and financial institutions of the region to start facing the challenges posed by migration to EMV and Chip Technology.
CIT's suite of EMV and chip solutions and services, such as focused educational workshops and consulting and implementation services, offers a complete package to address the entire scope of any financial institution needs. This amplitude of offerings is further enhanced by CIT's extensive solutions for EMV, chip cards and ePayment systems. Additionally, CIT consultants have extensive experience of planning and executing different levels of testing and certification. CIT experts deliver technical and business workshops that enable banks to build the knowledge base required to best decide on, plan, and prepare their own migration to the new technology.
Aiming to support the Saudi banking organizations to reach a safe adoption path for this new business and technology trend, CIT is holding on the 15th of February 2005, an educational Workshop in KSA about the full EMV cycle from Awareness To Implementation. CIT, in this high-level event, aims to transfer real knowledge and information to banks and financial institutions about the card migration process and its impact on their business. CIT is cautious to hold consultancy one-to-one meetings for Banks with the featured EMV experts who will cover an extensive list of topics about the EMV, Chip cards and multi applications requirements as well as the implementation impacts being identified and defined.
About CIT
CIT is an international IT services and solutions provider that delivers high quality, cost effective eCommerce/mCommerce solutions to its clients. CIT's extended expertise in transaction based eBusiness solutions and services, enables us to lead our clients into the next generation of multi-channel fully secured transaction systems. By applying the principles of CIT's proven methodology, its dedicated centers of excellence and the "best of breed" technologies from its strategic partners, CIT is building successful and award winning solutions for our clients worldwide. CIT's client list includes institutions from North America, Europe and the Middle East.
CIT has proven expertise for consultancy in EMV business and technical training, integration, impact analysis in card fulfillment, transaction acquiring, cardholder management, and transaction settlement, in addition to its professional services offerings of project management, systems analysis, design, development, and testing services.