PRESS RELEASES
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November 06, 2006
Level Four partners with GALITT to deliver unrivalled ATM testing solutions to French banks
October 30, 2006
Level Four Grows Business with Giro BankCard in Hungary
October 09, 2006
Deal with National Bank of Dubai confirms Level Four's success in the Middle East
August 21, 2006
August 07, 2006
Level four unveils new ATM Truetest configurations
June 16, 2006
Level Four steps up global expansion plans with three senior appointments
June 05, 2006
Board changes strengthen management team at Level Four
May 30, 2006
eFUNDS select Level Four for testing automation
May 08, 2006
Level Four wins EPCA/ECR silver award for excellence in payments
April 26, 2006
April 04, 2006
Level Four builds 21st century software factory with appointment of ATM expert Terry De La Mothe
March 29, 2006
Level Four triumphs at Scottish Enterprise Fife Business Awards for 2nd year running
March 21, 2006
Level Four signs licence agreement with Tietoenator Banking & Insurance
March 14, 2006
March 07, 2006
Al Rajhi selects Level Four to enhance customer service offering at ATMs
January 23, 2006
Level Four appoints General Manager for fast growing Middle East operation
Press Releases
March 07, 2006
AL RAJHI SELECTS LEVEL FOUR TO ENHANCE CUSTOMER SERVICE OFFERING AT ATMS
Sixth Middle East customer confirms Level Four’s position as de facto ATM testing and development provider in the regionLondon, 7 March 2006 – Al Rajhi Bank, a major name in Saudi Arabia's banking industry, has selected Level Four Software, the leading provider of open standards-based ATM testing and development software, to introduce new innovative services at the Kingdom of Saudi Arabia’s largest ATM network. Level Four will also help the bank comply with regional and international regulatory mandates, notably EMV (Europay, MasterCard and Visa) and SPAN 2, the second generation of the Saudi Payments Network.
Al Rajhi is a leading bank in Saudi Arabia with over 1,300 ATMs, the largest ATM network in the Kingdom. A key aspect of the bank’s strategy to remain at the forefront of the competitive Saudi Arabian banking market is to introduce innovative services at ATMs using state-of-the-art technology coupled with enhanced features and a superior user-friendly interface.
Hossam Saad, manager of IT development at Al Rajhi Bank, said: “In order to reduce time to market for new functionality and improve our customers’ confidence in new ATM and self-service applications, we sought a solution to automate our ATM testing cycles. We chose Level Four’s ATM Developer because of the company’s extensive expertise in ATM testing and development as well as its wealth of Middle East experience.
“ATM Developer enables us to develop and test new ATM content from any desktop PC in the network. We will benefit from the automation and comprehensive documentation at every stage of the testing process that the solution offers. With all anomalies identified and corrected ahead of
go-live, ATM Developer will help us introduce new content to our ATM network quickly, easily and cost effectively.”
Like many banks across the Middle East, Al Rajhi is in the process of upgrading its ATM network to meet the EMV mandate for smart chip cards and Saudi Arabia’s industry-wide migration to SPAN 2 to create a secure infrastructure for electronic fund transfers.
To deal with these changes, banks in the region need to support the infrastructure for their ATM networks. This includes the test tools that play an integral part in quality assurance. EMV support within ATM Developer will enable Al Rajhi to create and edit EMV-compatible ATM configuration files, as well as provide the capability for comprehensive card interrogation. ATM Developer provides full automated end-to-end transaction testing directly from the smart card, through the ATM and up to the host system.
“We are proud to add Al Rajhi to our global client portfolio and to enable such a technologically innovative bank to strengthen its ATM channel,” said Issa Keskek, regional director of Level Four Software’s Middle East operations. “Following our product repositioning in November 2005, Al Rajhi is among several banks to licence ATM Developer, confirming that our product strategy is correctly aligned to the banking industry’s needs for comprehensive open standards-based ATM testing and development solutions.”
Note to editor:
For more information on ATM Developer and to download a product brochure, please visit: www.levelfour.com/developer.htm
About Al Rajhi:
Al Rajhi Bank is a major name in Saudi Arabia's banking and business world. It has grown from a strong base, focusing on serving the needs of the nation and its citizens, contributing to the Kingdom's construction and development, and always operating within the framework of Shariah principles.
Al Rajhi Banking and Investment Corporation is one of the largest joint stock companies in the Kingdom, with a paid up capital of SR 4,500,000,000. Head Office is located in Riyadh and there are six Regional Offices as follows:
- Central Region Office
- Western Region Office
- Eastern Region Office
- Qasseem and Hail Region Office
- Madinah and North Region Office
- Southern Region Office
The Corporation has the largest branch network (more than 400 branches) distributed throughout the Kingdom, the largest ATM network (1300 machines) and over 8000 POS installed with merchants all over the Kingdom.
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