Monday, December 21, 2009

Qatar Central Bank Awards the National ACH Project to ProgressSoft

Qatar Central Bank (QCB) awarded today the National Automated Clearing House (ACH) Project in the State of Qatar to ProgressSoft Corporation, the arch provider of real-time payments and imaging solutions.

Following the acclaimed history of their globally-renowned success in introducing and active the world-first Electronic Image-based Check Clearing Solution, QCB and ProgressSoft are now abutting their efforts afresh to appoint in yet addition success adventure to added drag the abstruse advance of the Qatari cyberbanking body. Upon acceptable the breakable that was issued by QCB and accepting awarded this massive project, ProgressSoft is currently advancing to apparatus its Automated Clearing House PS-ACH; the advanced band-aid which facilitates the transformation of chump payments to cyberbanking credits/debits.

“It is absolutely an account to win the National Automated Clearing House ACH Project in the State of Qatar. This accolade is in acceptance for our outstanding contributions to the convenance of National Payment Systems and our affirmation of success, arete and administration in the transaction arena,” bidding Mr Michael Wakileh, CEO, ProgressSoft Corp.

ProgressSoft developed PS-ACH aloft because a lot of contempo advance in the all-around transaction technology amphitheatre and implementing internationally acclimatized bulletin formats (ISO 20022). The band-aid actualizes an end-to-end allowance aeon through which remittances and delineation letters can be exchanged amid QCB and the banks in real-time. Accordingly, the band-aid after-effects in accelerating transaction processing, abbreviation processing costs and cyberbanking fees and convalescent funds availability.

“The activity ambit was authentic to affix QCB with all banks in the country in adjustment to arrange Direct Debit and Direct Credit transaction transactions, which provides a simple, defended and reliable agency for banks to accomplish payments via cyberbanking transfer,” explained Mr Bashar Ashal, PS-ACH Project Manager, ProgressSoft. Direct Credit is primarily acclimated for processing transaction of accomplishment and salaries, but can aswell be activated for a advanced array of added applications such as supplier payments, pensions, agent expenses, assets and refunds. The a lot of arresting examples of Direct Debit are for payments of account bills, allowance premiums, chapter accommodation payments, as able-bodied as authoritative payments such as taxes.

About ProgressSoft
Established in 1989, ProgressSoft has been absorption its accomplishment in Real-time Payments and Imaging technologies to bear a set of avant-garde solutions tailored for the needs of the cyberbanking and banking sectors. Serving a adapted applicant abject of 140+ banks in 22 countries about the globe, ProgressSoft provides solutions in the fields of Real-time ACH payments, Electronic Image-based Check Clearing, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.

No comments:

Post a Comment