The Benefit Company

The Benefit Company

Infobox_Company

company_name = The Benefit Compay
شركة بنفت
foundation = November 1997

location = Bahrain
industry = Finance
products = Financial Services
homepage = [http://www.benefitco.com.bh www.benefitco.com.bh]
type = Interbank network

The Benefit Company (TBC) is the local switch in the Kingdom of Bahrain handling ATM and POS transactions. Established in 1997 with a special license from the Central Bank of Bahrain as "Provider of Ancillary Services to the Financial Sector" [http://www.benefitco.com.bh/company-profile.htm] , it is the only financial network of its kind in the country.

In addition to the local switching, Benefit is also connected to GCC Net, the main switch operating on all GCC countries. A connection was also established with Shetab in 2005; linking all BENEFIT users with Iran's only switch.

In 2006, the company offered the payment gateway service, integrating more the local banks onto one payment hub allowing banks and their merchants to perform online transactions [http://www.ameinfo.com/78148.html Benefit launches payment gateway] .

Member Banks in the Network

* Arab Bank Ltd.
*Bank al Habib
*Bank of Bahrain and Kuwait
*HSBC
*Shamil Bank of Bahrain
*Kuwait Finance House
*National Bank of Bahrain
*Standard Chartered Bank
*Bahrain Islamic Bank
*Ahli United Bank
*Bahraini Saudi Bank
*Citibank
*National Bank of Kuwait
*Khaleeji Commercial Bank
*Mashreq Bank
*Al Salam Bank
*Eskan Bank

See Also

*SPAN
*Shetab
*ATM
*POS

External links

* [http://www.benefitco.com.bh The Benefit Company's Main Site]
* [http://www.cbb.gov.bh Central Bank of Bahrain's Main Site]
* [http://www.gcc-net.net GCCNet's main web site]

References


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