Merchant Service Providers (MSPs)
A Merchant Service Provider (MSP) is a company or agent that provides a full suite of merchant services and support within the context of POS installation and on-going maintenance. This agent is nominated by one of the acquiring banks in the KSA where it should be registered and approved by SAMA before being allowed to provide such commercial activity.
SAMA has issued the MSP Registration Rules and Procedures applicable to MSPs contracted by member banks. This document clearly states the responsibilities of each party in the relationship. These rules also apply to existing authorized POS terminal resellers/distributors that provide merchant support.
For further details on this issue, please contact one of the member banks that offer POS acquiring banking services.