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BMI Bank and Sinnad signs agreement for latest chip-enabled Diners Club credit cards

June 10, 2011‐ Bahrain

BMIBank SinnadBMI Bank, a retail and commercial banking institution in Bahrain has announced the signing of an agreement with Sinnad, the Network International and the Benefit Company joint venture, for Diners Club credit cards.

According to a press release dated May 31, 2011, the agreement, Sinnad will be responsible for the issue of the latest chip-enabled Diners Club credit cards and also implement a comprehensive system to monitor and manage the risk associated with electronic transactions.

Speaking at the ceremony, BMI Bank Chief Executive Jamal Al Hazeem said: "The move is in line with the bank's commitment to providing its customers with a market leading secure and convenient payment solution. Diners Club is today a globally-recognized credit card brand that is accepted in more than 185 countries and at 14 million merchant locations with access to over 750,000 cash access locations and ATMs. The card also comes equipped with a strong loyalty programme as well as rewards that includes free of cost access to over 276 airport lounges across the world. Sinnad has a proven track record in implementing projects on these levels and is considered one of the most reliable third party processors within the GCC. Our new chip-enabled Diners Club credit card, which will roll out shortly, will help in minimising card-related frauds in addition to significantly improving the card acceptance at point of sale terminals and ATMs in the region and abroad."

Thanking BMI Bank for its trust in awarding the project to Sinnad, General Manager Ebrahim Janahi said: "The issuing of chip-enabled Diners Club cards will provide the customers of the bank with a safe and secure solution for all their electronic transactions that will be accepted on GCC and international networks, which in turn will allow the customers of the bank to conduct their transactions from anywhere in the world."

"Sinnad strives to provide best solutions to all the services related to ATMs, cards and the management of banking transactions risks to all banks in Bahrain and Gulf states by employing the latest international standards and specifications," Mr. Janahi added. "Sinnad provides new and advanced technologies that have been developed for supporting ATM networks and credit card services to support banks in Bahrain and the Arabian Gulf region and enable them provide effective and secure banking transactions for their valued customers."

BMI Bank owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain.

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