Bahraini retail and commercial banking
institution BMI Bank has signed an agreement with Sinnad to manage
the bank’s ATM network as well as issue its chip-enabled debit
cards.

Sinnad, the joint venture company between
Bahrain Electronic Network for Financial Transactions (BENEFIT) and
Network International, will also manage the risk associated with
electronic transactions.

“We are pleased to sign this agreement with
BMI Bank,” said Ebrahim Janahi, Sinnad’s general manager.

“The management of the ATM network and issuing
the chip-enabled debit cards will offer the Bank’s customers a
secure environment on all their electronic transactions which is
accepted within the GCC and international networks enabling the
Bank’s customers to conduct their transactions from any place in
the world. “

BMI Bank and Sinnad previously signed an
agreement in May 2011 allowing Sinnad to issue and manage the
Bank’s chip-enabled credit cards in addition to monitoring risks
related to transactions.

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