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Acquiring Business
 
MERCHANT SERVICES

AAIB is only one of the three Acquiring Banks in Egypt licensed by Visa and MasterCard, and is the sole acquirer for JCB (Japanese Card). The bank holds agreements with merchants to perform collection and settlement services for their purchase receipts. AAIB POS also accepts and processes Amex and Diners Club cards.

Building on our competitive edge in the Credit Card business, we are offering a fully fledged service to our contracted merchants thus building on our acquiring base, long established since the early 80s. AAIB strong and longstanding relationship has remarkably positioned the bank in the Egyptian market dominating 45% of the total acquired sales volume. In September 2003, AAIB was the first bank to upgrade all its POS terminals and enabled chip technology; hence, achieving an integrated network for our merchants and cardholders. AAIB is always keen on embarking on the latest technology; the most recent of which is the wireless solution which enabled the penetration of new merchants sectors. The latest online service provided for our merchant clients available now on Click2Shop.

ROLE OF AAIB


Maintaining existing agreements with merchants and concluding new ones.
Installing POS machines and training users.
Authorizing all merchant transactions.
Generating statements for merchants.
Handling disputes.
Providing on the job training sessions and regular news bulletins.

REQUESTED DOCUMENTS & PROCEDURES


Copy of Establishment Contract.
Copy of Commercial Registration.
Copy of Taxation card.
Copy of merchant’s National ID.
Open a Current/Savings Account at AAIB.

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