Business | Banking

Noor Islamic Bank partners with EDC to provide payroll solutions

Noor Islamic Bank PJSC on Saturday announced it has signed a Memorandum of Understanding (MoU) with the Electronic Documents Centre (EDC), a subsidiary of Emirates Post Holding Group, to offer fully customised payroll solutions to UAE-based companies.

  • Staff Report
  • Published: 13:59 September 13, 2008
  • Gulf News

Dubai: Noor Islamic Bank PJSC on Saturday announced it has signed a Memorandum of Understanding (MoU) with the Electronic Documents Centre (EDC), a subsidiary of Emirates Post Holding Group, to offer fully customised payroll solutions to UAE-based companies.

Noor Islamic Bank's Payroll Account is designed to serve the needs of businesses and employees, by offering them comprehensive payroll management services.

"We believe this alliance will empower Noor Islamic Bank to deliver superior value to its payroll customers in terms of overall operational efficiency. By partnering with EDC, we will also take advantage of its expertise and cutting-edge technology provided under top security standards essential for such operations," said Fatma Mansour, Head of Consumer Banking, Noor Islamic Bank.

The cost-effective features of the service is expected to enable managements to reduce time-consuming procedures, while mitigating the risk associated with handling cash transactions.

"Our strict and certified security systems in both the logical and the physical areas have proven records of insuring information safety in all its formats. Our highly ranked card and document printing technologies presented in top notch printing machines assures our valid partners the best quality of products that they can give their customers," said Abdullah Al Hammadi, COO, Electronic Documents Centre.

Companies which enroll for Noor Islamic Bank's payroll solutions will be eligible for additional benefits on preferential terms.

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