mada is the new identity of SPAN, that represents the innovative generation of electronic payments in Saudi Arabia and is intended to boost ATMSs and POS growth with unprecedented dimensions of flexibility, speed, security, and acceptance.
Though a network of most advanced global technical payment systems, mada connects all automated teller machines (ATMs) and point-of-sale(POS) terminals offered by local banks throughout the country to a central payment switch that in turn re-routes the financial transactions between a merchant’s bank and the card issuer bank.
The Saudi British Bank provides a secure Internet-based data-capture and payment settlement system for from acquiring Visa and MasterCard Transactions.