In Dubai, a news is being heard that residents of UAE who hold an Emirates Identity Card will be able to use it as an ATM card. Mashreq Bank is the first to integrate its system with this new upgrade on the Emirates ID cards. Now, customers of Mashreq Bank will have the facility to open new accounts, pay bills, edit and upgrade their personal information, deposit and withdraw cash with their Emirates Identity cards.
Mashreq Bank customers will be able to view their existing bankcards on the ATM screen while using a Mashreq ATM and will allow them to select from a number of options that include cash withdrawal, international and local transfers, statements and cheque book requests.
This amazing enhanced and latest feature will help the customers to immediately update their visa and passport details to the bank without having the issue of visiting the bank. According to the reports from Mashreq Bank, this enhanced feature will eliminate seventy percent of current data entry processes as the Emirates ID reader will immediately record personal information in the bankâ€™s electronic forms.
CEO of Mashreq Bank Abdul Aziz Al Ghurair said that this innovation is a step towards UAEâ€™s smart infrastructure, which is fronted by Vice President, and Prime Minister of UAE Sheikh Mohammed bin Rashid al Makhtoum. It has started since when he announced to have a smart and enhanced government. Director General of Emirates ID Authority said that he forces all United Arab Emirates banks to adopt the Emirates ID on immediate basis once this feature is placed in the systems.