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CIT Global Supports Prominent Saudi Banks Introduce MOI Services through SADAD Hub - Most Saudi banks are currently inaugurating new services in a quick pace to cover most of the entities in the Saudi Arabia
CIT Global Supports Prominent Saudi Banks Introduce MOI Services through SADAD Hub

 

PRZOOM - /newswire/ - Cairo, Nasr City, Egypt, 2010/01/20 - Most Saudi banks are currently inaugurating new services in a quick pace to cover most of the entities in the Saudi Arabia.

   
 
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Supporting such a critical initiative, CIT Global provides its expertise as a trusted solutions partner for most Saudi prominent banks in the Kingdom.
CIT Global was in early and close involvement with the SADAD initiative providing an innovative end-to-end integrated product to satisfy the needs of all members and beneficiaries of the SADAD network and coping with the upgraded versions of SADAD institution.

MUSCAT Bank will introduce Ministry of Interior Payment service via Sadad Payment System employing CIT Global’s SADAD Integration Gateway. This service enables customers to pay governmental fees charged for the services offered by the Ministry of Interior, such as Passport charges, Civil Status and Traffic charges. After the sound success realized by CIT Global in implementing the first fully automated integration with the Sadad network for SAMBA Financial institution which was followed by a number of prominent banks in Saudi.

In the same context Emirates Bank in Saudi has decided to upgrade its services and integrate with Sadad hub latest MOI service configuration. The performance of the transactions will be boosted by employing CIT MOBiDIV’s technology SGP2. SGP 2 has exceeded expectations in enhancing and speeding up performance and stability being implemented and performing live now with more than 5 million transactions per month.

SADAD Integration Gateway is a full fledge electronic bill payment and presentment (EBPP) solution that provides the payment and reconciliation components responsible for performing all business logic associated to payment processes within SADAD Bank Interface. The module is built on top of CIT Multi Channel Platform (MCP), will enable banks to provide Electronic Bill Payment and Presentment services for the Saudi market, and can take it as a base for extending them to other countries.

 
 
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Agency / Source: CIT Global Mobile Division

 
 

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CIT Global Supports Prominent Saudi Banks Introduce MOI Services through SADAD Hub

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Contact: Doaa Sulieman - CITglobal.com 
+20222718794
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CIT Global Mobile Division securities in any jurisdiction including any other companies listed or named in this release.

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