31.10.2012 - QIIB speeds payment processing for its customers through Qatar's automated clearing house network
Qatar International Islamic Bank (QIIB), a leading full-service bank in Qatar, has successfully gone live with Misys' payment solution, Misys Payment Manager. The bank selected Misys to support its transition onto Qatar's Automated Clearing House (ACH) network and will now be able to make simple, secure and reliable payments through this network. The ACH project's scope was to connect Qatar Central Bank with all banks in the country in order to deploy Direct Debit and Direct Credit payment transactions, which provides a simple, secure and reliable means for banks to make payments via electronic transfer. QIIB has implemented Misys Payment Manager to provide comprehensive support for Direct Debits thereby helping to reduce the volume of cheques received. The bank can now process any types of payments regardless of size, complexity and structure. It has improved efficiency through compliance with the ISO20022 standard format for payments and process automation enabling it to comply with local regulations and maintain its high standard of customer service. (Press Release)