Siam City Bank Signs a Contract with AIT to Issue Platinum Visa Cards for AITians
AIT recently signed a contract with Siam City Bank Public (SCIB) Co. Ltd. to issue platinum visa cards to all AIT faculty, staff, students and alumni resident in Thailand. Card holders would be eligible for all privileges associated with the platinum card. Under the agreement AIT would receive 0.8% of every transaction, 1% of all interest charges, and 200 baht per year per card. The accumulated amount from these would be allocated exclusively for scholarships.
A task force headed by Dr. Pritam K. Shrestha, Head of the External Relations & Communications Office (ERCO) was formed to move forward with implementation and the launching of AIT-SCIB visa platinum card targeted for 14 August 2007, the orientation day for the new students of August 2007 intake. The task force composed of AIT and SCIB representatives had its first meeting on 25 June 2005, discussing the launching of the card. Prof. Peter Haddawy, VPAA also attended the meeting.