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Ki: Electronic payment supports economic reform


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CBI signs MOU with Yunin B International International   July 4, 2018  Banks Economy News Baghdad:

Number of readings 26 Section: Iraq   CBI signs MoU with Yunin Bi International     Baghdad, July 4, 2018 - The Central Bank of Iraq (CBE) announced today the signing of

From a cash society to an electronic society.   Iraqi banking system continues moving forward with the implementation of electronic payment.   Electronic payment means less physica

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2018/11/18 08:35
  • Number of readings 66
  • Section: Iraq
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Al-Rafidain issues an explanation in granting him the Master Card

 

Baghdad / Mesbah: The Rafidain Bank, announced on Sunday, November 18, 2018, that the issuance of MasterCard card international branches include employees and citizens.

"Citizens and employees can visit their branches dedicated to granting electronic cards in Baghdad and the provinces for the purpose of obtaining these cards," the bank's information office said in a statement.

He pointed out that "the MasterCard card has many advantages used by its holders in depositing and withdrawing funds wherever they are."

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http://almasalah.com/ar/news/156079/الرافدين-يصدر-توضيحا-في-منحه-بطاقة-الماستر-كارد

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Number of readings: 1676 18-11-2018 10:05 AM
 
 

18-11-2018 10:05 AM 

 

Al-Rafidain Bank announced that the issuing of the MasterCard card in its branches includes employees and citizens.

Said that 'citizens and employees can visit branches dedicated to granting electronic cards in Baghdad and the provinces for the purpose of obtaining those cards'.

He pointed out that 'MasterCard card has many advantages used by its holders in the deposit and withdrawal of funds in any place where it is.'

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Maybe parliament is postponing meetings due to some things needing to be done by the CBI before they can go through, I mean sort of makes me think, we're watching the last steps unfold one after another. Just hoe many steps are left...and they are telling us about.

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1 hour ago, Officiallytook said:

Maybe parliament is postponing meetings due to some things needing to be done by the CBI before they can go through, I mean sort of makes me think, we're watching the last steps unfold one after another. Just hoe many steps are left...and they are telling us about.

 

 I wish, it's Mohammeds birthday.  

 

Mawlid 2018 in Iraq will begin in the evening of

Monday
, 
November 19
and ends in the evening of
Tuesday
, 
November 20
Dates may vary.
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International Development Bank accounts for half of e-cards issued in Iraq
 
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Economy News Baghdad

The International Development Bank (IDB) has acquired 50% of the volume of electronic cards issued within the Iraqi market, pointing out that it has the largest network of ATMs with 250 ATMs .

The Chairman of the Board in the bank, the increase behind, in an interview with the magazine "Union of Arab banks" and his "Economic News", that the bank has a pioneering experience at the level of the Iraqi banking sector, because it distinguished the introduction of modern technology to the banking system, "adding that "The bank invests in infrastructure, especially in the field of information technology, and today it is an associate member with major international companies such as MasterCard and Visa .

Khalaf added that the bank's first plan was to spread locally and the second "we decided to have an official representative office in Lebanon." Earlier this year, he opened an official representative office in the United Arab Emirates .


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http://economy-news.net/content.php?id=14847

 
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  • yota691 changed the title to International Development Bank accounts for half of e-cards issued in Iraq
International Development Bank accounts for half of e-cards issued in Iraq
 
4499.png
Logo of the International Development Bank
  

 Banks


Economy News Baghdad

The International Development Bank (IDB) has acquired 50% of the volume of electronic cards issued within the Iraqi market, pointing out that it has the largest network of ATMs with 250 ATMs .

The Chairman of the Board in the bank, the increase behind, in an interview with the magazine "Union of Arab banks" and his "Economic News", that the bank has a pioneering experience at the level of the Iraqi banking sector, because it distinguished the introduction of modern technology to the banking system, "adding that "The bank invests in infrastructure, especially in the field of information technology, and today it is an associate member with major international companies such as MasterCard and Visa .

Khalaf added that the bank's first plan was to spread locally and the second "we decided to have an official representative office in Lebanon." Earlier this year, he opened an official representative office in the United Arab Emirates .


Views 297   Date Added 12/21/2018

http://economy-news.net/content.php?id=14847

 
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Kurdistan International» honors the Association of Iraqi private banks
 
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Nusseiri receives honor shield
  

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Economy News - Arbil

The International Islamic Bank of Kurdistan for Investment and Development honored Saturday the Association of Iraqi Private Banks.

The honorary shield was received by the economic adviser at the Association of Iraqi Private Banks, Samir al-Nusairi.

Al-Nusairi said in an interview with "Economy News" that "the Islamic Bank of Kurdistan honored the Association of Iraqi private banks in his special ceremony on the occasion of receiving two quality witnesses."

Al-Nusairi pointed out that "the honoring of the honor came to the efforts of the Association of Iraqi Private Banks and its relentless efforts to support private banks in Iraq and rehabilitate their human resources and assist them in implementing the directives of the Central Bank of Iraq in complying with international standards.

He praised the "developmental steps taken by the Bank of Kurdistan to achieve the plans of the Central Bank and the Association of Private Banks to contribute to activate the initiative to finance small and medium enterprises and thus contribute to community initiatives and development to serve our national economy."


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http://economy-news.net/content.php?id=14853

 
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Very good article....

31 minutes ago, 6ly410 said:

activate the initiative to finance small and medium enterprises

 

31 minutes ago, 6ly410 said:

implementing the directives of the Central Bank of Iraq in complying with international standards

 

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Parliamentary integrity speaks of "big corruption" with "Key Card" Iraq

Parliamentary integrity speaks of "big corruption" with "Key Card" Iraq

 Twilight News    

 23 hours ago

The Parliamentary Integrity Committee revealed on Monday the existence of files of corruption described as "big" the work of "Key Card" in Iraq. 
"The Integrity Committee has investigated the case of" Card Card "and deals corruption and humiliation practiced by the company that uses state funds and banks and uses state employees and smuggling of servers outside Iraq," said member of the Committee Kazem Sayadi, told Ashqaf News. 
"The company does not give the Iraqi government any data and there may be suspicion of corruption to the underground within the system, noting that the company does not have any license to practice a profession has been suspended and did not respect any decisions of the Central Bank of Iraq.


Keywords:

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International smart card company responds to accusations of "exclusivity"

International smart card company responds to accusations of "exclusivity"
 



 Twilight News    
 one hour ago

The International Smart Card Company responded Tuesday to accusations of "exclusivity" in the electronic payment market.

The company said in a statement to twilight news that "since the launch of our company 12 years ago, our mission was to transfer a global experience to Iraq to enjoy the citizen through the electronic payment services, which we are proud to established and applied in Iraq professionally through the company's team, Of the burdens of the deterioration of security and social cohesion at the time, but we have remained dreaming and we plan to the success of the experience that brings us closer to the mechanisms of technological development and overcome the difficulties on the beneficiary of the services of the company via smart card.

The statement added that "the company's policy is based on the principle of humanitarian initiative in the implementation of ideas for services and considers it one of the most important goals in addition to the commercial objective, which is the right of all companies and businesses in Iraq implicitly controls, and after the success story that boasts of our company comes contradictory votes between negative criticism and malicious charges And challenged without any evidence from various levels and various names through the media in all its specialties, giving a negative impression of those who trusted us from the Iraqi community, which became an active part and interact with the family Card Card to come this negative role of those voices in the direction of statements not based on Any evidence as part of the policy of punctuation and defamation of business and this is contrary to all norms and laws and community values. "

The statement continued: "From the above, we declare the following:

- The policy of dealing calm with the accusations interpreted by some of the weakness or fear of confrontation, but frankly we were focused on the work and serve the citizens leaving behind the voices of the shudder of our success.

- The company welcomes all the positive comments and criticisms that will enhance the fruitful and successful work process.

- The company reserves its legal right to sue anyone who is accused of unfair competition.

- The company is surprised to be accused of being the "sole and unique" in the electronic payment tools market, noting that there are many companies competing, but the factor of confidence and clarity in the mechanisms of work for the team Card is the one who gave it weight and presence in the country.

The company affirms that it will remain in the service of citizens and raise the name of the nation by winning many international awards in the field of expansion and development of electronic payment tools, and calls on all to unite and cooperate in order to improve the reality of Iraq and away from the policy of destruction and chaos and approach strongly and honestly of logic and say the word of truth.

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  • yota691 changed the title to International smart card company responds to accusations of "exclusivity"

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2019/01/30 08:18
  • Number of readings 76
  • Section: Iraq
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Serious corruption at Key Card and integrity requests the arrest of its president and partners

BAGHDAD (Reuters) - The Parliamentary Integrity Commission on Wednesday (January 30th, 2019) promised to reveal "serious corruption suspicions" related to the company "Key Card Iraq", while demanding the government to issue arrest warrants against the owner and his partners.

A member of the Committee Kazem Sayadi, the media followed by the obelisk, that "a lot of suspicions of serious corruption affect the file" Key Card "Iraq, noting that" money laundering among the suspicions, which we will disclose in the coming days. "

"The government is required to play its role in preserving public money and confidentiality of employees' data, by filing complaints against the company and issuing arrest warrants against its owner, Bahaa and his associates," he added.

Continued

 

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  • yota691 changed the title to Rafidain Bank threatens legal procedures against companies and outlets card
 
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Economy News _ Baghdad

Rafidain Bank on Thursday threatened some companies, business centers and outlets to take legal action against them because of their claim to provide advances and loans to employees and retirees. 
"There are some commercial centers, institutions and civil associations published on social networking sites from time to time, news of the promotion of transactions to grant advances to employees and retirees from Rafidain Bank for certain amounts," the bank's media office said in a statement. 
The bank said the employees and retirees "not to cooperate with these entities and that the granting of advances be exclusively through branches of the bank deployed in the country and submit them electronically and subject to legal procedures to complete the grant of the employee or retired and a short period."


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31-01-2019 10:26 AM

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Baghdad

The Rafidain Bank threatened some companies, commercial centers and owners of outlets to take legal action against them because of their claim to grant advances and loans to employees and retirees.

"There are some commercial centers, institutions and civil associations published on social networking sites from time to time, news of the promotion of transactions to grant advances to employees and retirees from Rafidain Bank for certain amounts," the bank's press office said in a statement.

The statement called on the employees and retirees to 'not cooperate with these entities and that the granting of advances shall be exclusively through branches of the bank deployed in the country and submit them electronically and subject to legal procedures to complete the grant of the employee or pensioner and a short period'.

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Parliamentary integrity reveals security breaches and suspicions of corruption file "company card"

11:28 - 31/01/2019
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Information / Baghdad ..

The Parliamentary Integrity Committee revealed on Thursday the existence of suspicions of corruption in the file "K-Card" through the evidence is compelling proof that it did not obtain approval for the banking work of the Central Bank of Iraq, noting that the Commission noted the existence of security breaches.

"The Parliamentary Integrity Committee has opened an investigation into the file of the card company Key Card through information received to the Committee that the existence of security breaches and suspicions of corruption," said member of the Committee, MP Khaled al-Geshmi.

He added that "the company owns 70% of the profits and 30% divided equally with the Rafidain Bank and Rashid, where it was confirmed that the company is not licensed banking business by the Central Bank of Iraq, which refused to grant leave in accordance with a written in 2017 has been obtained by the investigative commission copy of it.

"The committee summoned the director general of the Rafidain Bank and with him the director of the legal department and during the investigation revealed the existence of suspicions of corruption through the official books obtained from the Rafidain Bank and Rashid.

"The Rafidain and Rashid banks do not have any official databases for all state employees only in the company that is based abroad, and this matter is a security issue and has legal and security consequences that are punishable under the Iraqi Penal Code," he said. "The company can leak information to any international body Any employee in the Iraqi state. " Ending / 25

https://www.almaalomah.com/2019/01/31/386390/

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  • yota691 changed the title to Iraqi work: Issuing 125 thousand smart cards for new entrants with subsidy

Iraqi work: Issuing 125 thousand smart cards for new entrants with subsidy

Iraqi work: Issuing 125 thousand smart cards for new entrants with subsidy
Logo of the Iraqi Ministry of Labor
 12 February 2019 04:41 PM

Mubasher: The Social Protection Agency of the Iraqi Ministry of Labor issued more than 125,000 smart cards to families covered by social welfare benefits in the two new categories (third and fourth) .

The director of the Department of Information Technology in the Social Protection Agency Jamal Abdul Rasool, according to the Iraqi News Agency (INA), said Tuesday that the social protection departments completed the transactions of families covered by the subsidy within the two new categories (third and fourth).

He explained that the International Company for smart card completed the issuance of 125,796 cards for families covered in Baghdad and the provinces other than the Kurdistan region .

He added that the staff of the Authority's departments continue their work to complete the audit of all family transactions that were included within the last two packages for the issuance of smart cards in preparation for granting them salaries due under the Protection Act No. 11 of 2014.

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Digital systems and future jobs

Sunday 17 February 2019 48

Digital systems and future jobs

 
Iman al-Alusi 
 


The process of digitizing the services enabled the banks to provide their services according to the latest financial technology systems and created a new path in the way of providing large financial institutions for their services, away from the traditional ways to ensure the stability of financial institutions and protect capital and enhance the confidentiality of customer accounts and boot to accommodate more customers and access to their banking and connectivity with The rest of the other sectors such as the tax register to ensure the accuracy of information and the integrity of financial transactions.

A study by McKinsey shows that consumers, particularly in the Gulf, are moving towards digital services, with at least 80 percent of consumers in these countries doing their banking business through computers, smartphones and tablets.
After the global financial crisis in 2008 and within the bank bailout campaign, several international banks have laid off 350,000 workers in seven years as a result of the use of financial technology tools in remittances and commercial credit cards.
The digital platforms of banks today are new digital banks as their services vary by applying modern systems to connect with customers without the need for branches.
Where the size, size and form of traditional banks and crowded with customers to small centers equipped with the latest technologies and systems and almost devoid of employees and even large and full of employees will be replaced by mobile branches that provide services in any company or residential communities.
There is a need for a policy of balance between the investment of digital systems currently prevailing in the management of banks and in the maintenance of jobs threatened with disappearance, especially in the administrative sector as a result of the technological revolution in the IT sector and the emergence of digital architecture to meet the requirements of customers with the speed and accuracy of completion, In the global banking sector, instead of traditional jobs very quickly and many of the studies on this side expect a significant change will occur in the pattern of jobs of workers in this sector by 50 percent, in addition to the possibility of losing 20 percent of the To secure their jobs by 2025.
The bottom line is that many banking professions are expected to disappear in the near future, including teller and other administrative support and other routine functions as a result of the use of digital application technology.
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25-02-2019 11:32 AM

Retirement Authority for "news": next week is the end of service benefits exchange for employees of the former army

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Baghdad / News

The head of the General Retirement Authority Ahmed al-Saadi said on Monday that the next week will see the payment of end of service benefits to the former army employees, and pointed out that the exchange will be through the smart card for retirees military lists will be announced, he explained that there is an accurate inventory is underway and that the rewards paid to members of the army The former "exclusively".

Saadi said in a statement to "News", "The Commission has completed all the preparations and requirements for the payment of end of service benefits for members of the former army, like the current army employees when they are retired."

Al-Saadi added that "the rewards include members of the former army exclusively and will be disbursed through the smart card held by retirees according to the law," noting that "there is an inventory is currently underway and on this basis will put the balance sufficient and then we will announce the names of official lists."

The general budget for the current year included a clause granting end of service benefits to members of the former army not to exceed ten million dinars.

 

 

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