APICORP signs a SWIFT Service Agreement

24/04/2006 – APICORP yesterday signed an agreement with EastNets to fully manage the corporation’s payment services. The outsourcing will be done electronically from Eastnets service bureau at the Dubai Internet City building. EastNets will also host the firm’s SWIFT payments. A confidentiality clause in the contract meant no monetary value was given for the deal, but it was confirmed as a three-year renewable contract.

On behalf of APICORP, Mr. Ayman Zeyada has signed the agreement with EasNets. Mr. Mohammed Al Mubarak accompanied Mr. Zyada during the signing ceremony as he was attending the regional SWIFT conference.

Gulf Daily News has covered the ceremony and the three-day SWIFT Regional Conference.

Disaster recovery plan for banks on the way (Gulf Daily News, Bahrain) MANAMA: The leading payment and security solutions provider for governments and financial services industries in the Middle East is set to deliver a disaster recovery back-up solution to the entire banking sector in Bahrain…