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UAE ID card for ATM withdrawals

img_0215It is now possible to use the UAE Identity Card for cash withdrawals and transfers through ATMs in the country. Al Hilal Bank became the first bank to introduce this facility here. The bank introduced the facility under the unique ‘Your Emirates ID…Your New Debit Card’ scheme. There are more than 4,600 ATM machines in the country belonging to local and international banks, according to UAE Central Bank data. The latest available data till December 2013 revealed that different banks have issued nearly 11 million cards in the country. There were around 39 million transactions through ATMs in the country in the last quarter of 2013, involving Dh245.3 million amounts. Earlier this month, the Emirates Identity Authority (Eida) conducted an opinion poll on its website with the participation of 9,319 followers, 76.61 per cent of whom supported the use of the ID card for e-payments and cash withdrawals. The experiment, conducted by the Eida in cooperation with Network International, proved that it is possible to use the ID card for conducting many electronic financial transactions made through credit cards and ATM cards via the UAE banking and financial network as per the latest global standards. The experiment was a significant step towards easing money withdrawal from ATMs using the smart ID card as part of studying the possibility of linking the accounts of the beneficiaries of the wage protection system with their ID card numbers. Under the pioneering initiative, Al Hilal Bank has been authorised to access information from the Authority’s identity cards such as name, passport number and nationality to automatically populate its core systems. This enables swift, efficient and secure processing of cardholder information for key banking transactions.

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