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Budapest, During the Sixteenth Conference of MasterCard International which was held in Budapest City on 27 September 2016, Cairo Amman Bank received an award for the best innovations in the advanced electronic payment methods, that’s about the application of a project for changing students, employees and faculty members university cards to smart ones that enable its holder to use it as secured payment card, in addition to other uses and advantages consisting of having it used as an identity card enabling its holder to have access to all university facilities, and the advantage of getting meaningful discounts from a big chain of commercial shops. The bank has entered into agreement with a number of the universities of Jordan to have the university cards changed to smart prepaid cards in cooperation with MasterCard and in partnership with Orange Company-Jordan.
Cairo Amman Bank is the first between the competitive banks in the Hashemite Kingdom of Jordan in the innovation and activation of this project in reality, adding to it, Cairo Amman Bank was also the first to use IRIS Recognition Technology on ATMs in the world.
The Award was received on behalf of Cairo Amman Bank by his Excellency the General Manager Mr. Kamal Al-Bakri during the global conference, where more than 500 participants attended from the financial and banking sector representing countries from the Middle East, Africa, Europe, Turkey and Russia.
The desired objective of the conference was having support to keep pace with the development in the field of using advanced payment methods of high technology for the youth around the world, by the provision of services above their expectations in order to simplify and facilitate their financial payments.