Amex Sets Up Own Infrastructure in Saudi Arabia

Tuesday 14 September 2004 23:52 CET | News

American Express has set up its own infrastructure including a technical platform that would allow Amex (Saudi Arabia) Limited to ensure migration of cards and associated customer information from its Bahrain-based technology grid to the Saudi platform.

Simultaneously, one of the major features that American Express is introducing to its Gold and Platinum cardmembers is the Flight Companion Program, when purchasing first and business class tickets on selected carriers. At the moment, in the Kingdom alone, thousands of commercial and service outlets are accepting American Express purchase transactions electronically through point of sale (POS) terminals. American Express currently holds 10 percent share in terms of the total number of cards currently in circulation in the Kingdom. Blue cardholders also enjoy another benefit of having one riyal credited to their accounts for every 100 riyals they spend, while other charge card members derive benefits from Membership Reward Program, which awards card members with points that could be exchanged with free rewards such as shopping, air tickets, hotel accommodation, charity donations and more.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


S1, PayPal enter global payments processing deal

Published 15 Dec 2010 11:58 CET | World
S1 Corporation, a global provider of payments and financial services software solutions, has entered an agreement with PayPal to develop and deploy payment services integrated into online and mobile banking platforms....

Javien Unveils Next Generation of E-commerce Technology in V8.0

Published 25 Aug 2006 13:53 CET | World
Javien Digital Payment Solutions has released DPS V8.0 of its e-commerce technology. The next generation of the software features adaptive micropayment aggregation in Javien Micropay. ...

Industry Expert Cites Achievements of S1 Customer, SunTrust, for Small Business Online Banking

Published 17 Jul 2006 22:12 CET | World
S1 Corporation congratulates SunTrust Banks, Inc., for the milestones it has achieved with its online banking services for small businesses. Last year SunTrust, one of the nations largest commercial banking organizations, deployed the S1 Business Banking solution, which the bank branded as its Online Cash Manager product for business clients....