By the Grace of the Almighty Allah, Islami Bank Alternate Delivery Division of ICTW has successfully implemented and going to launch another new service named “MasterCard Acquiring” services for IBBL ATM or CRM POS.
Through MasterCard Acquiring Service, other MasterCard customers can withdraw cash from IBBL ATM or CRM. Also they can perform POS Purchase from IBBL merchants which will be another achievement of POS business as well.
Mastercard Incorporated (stylized as MasterCard from 1979 to 2016 and mastercard since 2016) is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States.
MasterCard is the second largest payment network, ranked behind Visa, in the global payments industry. Other major payment networks include American Express and Discover. MasterCard partners with member financial institutions all over the world to offer MasterCard branded network payment cards. MasterCard payment cards exclusively use the MasterCard network for processing all transaction communications. Payment cards may be credit, debit, or prepaid cards.