We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published bySarah Oakland
Modified over 2 years ago
Copyright © 2012 Automated Clearing House (EG-ACH) EG-ACH Direct Credit for Corporate
Copyright © 2012 Egyptian Banks Company CBE - Payment and Settlement Systems In its effort to develop payment systems in Egypt, CBE has established Real Time Gross Settlement (RTGS) system for large value payments, CBE has assigned EBC with the development of the Automated Clearing House (ACH) system for bulk payments. 2 RTGS ACH CCH EGP CCH EGP CCH USD, EURO CCH USD, EURO Mobile Central Bank of Egypt Banks 123 EBC Role CBE Role
Copyright © 2012 Egyptian Banks Company EG-ACH Introduction The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds Transfer (EFT) network. EG-ACH processes batches of interbank Credit and Debit transactions. EG-ACH facilitates a wide range of (B2B, B2C, C2C) payments such as salary distribution, supplier payment, governmental payments, pension distribution and many more. 3
Copyright © 2012 Egyptian Banks Company EG-ACH Characteristics Batch system Credit Transfers & direct debit to/from all banks High volume, Low value transactions Low Cost Non-Real time Ability to cancel/reject transactions Multi-lateral settlement Support for forward value dates 4
Copyright © 2012 Egyptian Banks Company EG-ACH Workflow 5 Originating Bank Receiving Bank Payees: Individuals Payers: Corporations RTGS Corporate Individual Corporate Individual Funds Movement
Copyright © 2012 Egyptian Banks Company ACH Benefits for Corporate Cash management Initiate all payments from one bank account Business-to-Business payments (Supplier payments, Merchant payments) Improves cash flow management Reduces processing cost (No paper work, less time) Easy recurring payments Reduce domestic transfers transaction cost Secure and cost effective mechanism to eliminate cash transfer risk 6
Copyright © 2012 Egyptian Banks Company EG-ACH Usage for Corporate Business to Business Payments Payment for customers (Same day/Forward value). Supplier Payments Payroll 7
Copyright © 2012 Egyptian Banks Company 8
Copyright © 2012 CorPay Solution The Corporate Payment Channel EG-ACH Direct Credit.
Copyright © 2012 Introduction to Direct Debit Service EG-ACH Direct Debit.
BRIDGING THE GAP ON REVENUE COLLECTIONS A CO-OPERATIVE BANK PRESENTATION TO WATER SERVICE PROVIDERS AND RELATED STAKEHOLDERS November 2011.
Clearing Systems anb.
What are the methods of money transfer available in Hong Kong ? Methods of domestic money transfer in Hong Kong Cheque Debit cards and Electronic Fund.
Electronic Banking Outline Retail payments and financial services
Money Transfer Lecture Objectives : To define money transfer
February Automated Clearing House (ACH): Nationwide electronic funds transfer (EFT) system that facilitates inter-bank clearing of debit and credit.
Types of transactions. What is it? An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods include credit cars,
Chapter 10 E- Payment.
AUTOMATED CLEARINGHOUSE PAYMENTS Method of Making Payments to or From a Consumer’s Bank Account. Payments Made Electronically Through Automated ClearingHouse.
Hanoi, 11/2013 SMARTLINK ECOMMERCE JOURNEY Smartlink Card., JSC Presenter: Nguyen Hoang Long.
15-Dec-151 PAYMENT & SETTLEMENT SYSTEMS … Presentation by S.R.Ramananda, Consultant – IT Solutions.
Technology and Financial Sector จัดทำโดย นาย นพพล ตู้จินดา นาย นพพล ตู้จินดา นาย วรวิทย์ กัมพุสิริกุล นาย วรวิทย์
ORGANISATION STRUCTURE Registrar of Savings & Loan Societies
Automated Fund Transfer System AUTOMATED FUND TRANSFER SYSTEM (AFTS) FOR PEMC PARTICIPANTS.
1 Indian Payment and Settlement Systems Responsible Innovation and Regulation IDRBT Banking Technology Excellence Awards Hyderabad August 3, 2012.
Goldleaf’s Mission… Case Study: Trinidad & Tobago 7 Banks formed committee to establish inter- bank electronic payments network –TTIPS –Formed Rules.
Electronic Payment Systems
National Automated Clearing House
1 Chapter 3: Inter-organizational applications of EC IT357 Electronic Commerce.
Egypt Payments Landscape Dr. Nadia Abd Al-Aal Alexandria-Egypt April, 2009.
Strengthening Interbank Payment Systems David Mazza, VP Payments Systems Risk Managment November 4, 2003 Citibank N.A.
A business makes payments for what it buys, In return it receives payments for goods it sells or services it provides.
1 STATISTICAL DATA ON THE BANKS PAYMENT SYSTEMS IN FINLAND May 2013.
The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.
Chapter 8 Payment Systems: Getting the Money
PROMOTION OF E-PAYMENTS IN TRINIDAD & TOBAGO Presentation to Bankers Association of Trinidad and Tobago Held at First Citizens Bank, Queens Park East February.
GSE SECURITIES DEPOSITORY COMPANY LTD AMEDA PRESENTATION APRIL 26, 2012.
PERSONAL FINANCE PERSONAL BANKING BY MR. BROWN. TOPICS Bank Accounts Check Writing ACH Transfers vs. Wire Transfers Bank Fees FDIC Debit Cards vs. Credit.
Electronic payment Methods: Defined: It is alternative payment mechanism for electronic transactions instead of traditional payment methods like cheque,cash,
1 Electronic Processing PEMPAL Conference Istanbul February – Mark Silins.
Chapter 10 Banking.
COMPONENTS OF A PAYMENT SYSTEM. They include: Banks and Financial Institutions: banks, post office savings banks, building societies, mortgage finance.
BATCH TRANSACTION PROCESSING Option 1: Transaction Processing Systems.
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
13 th SAARC Payments Council Meeting (Thimphu, Bhutan -29 th July 2013) “Development of Payment and Settlement Systems in Pakistan” Presented By Syed Irfan.
EPS (Electronic payment system) is an online business process used for fund transfer using electronic means, i.e Personal computers services Mobile.
Trends in Banking. Product Innovation Investment products Gold / silver coins Marketing of insurance product Credit cards and debit cards Innovative services.
2.2.1.G2 Introduction to Depository Institutions Advanced Level.
Electronic Money. What is Electronic Money? Scrip or money that is exchanged only through electronically is referred to as electronic money. Electronic.
Basic Bank Services Bank account Bank deposits and cheques Electronic funds transfer Bank credit card transactions Debit card transactions 1 © 2013 McGraw-Hill.
CHAPTER 03 Payment Systems 1. Y How Much Payment Is There? World securities market: 100 billion USD per day U.S. interbank payments: 1 trillion USD per.
Copyright © 2005 EFT Network, Inc. All Rights Reserved. Automated Recurring Payments Flexible Payment Solution.
ELECTRONIC PAYMENTS IN HEALTH CARE BY Dr. C.R. Krishnaswamy Department of Finance and Commercial Law Haworth College of Business Western Michigan University.
Copyright South-Western, a division of Thomson, Inc. Slide 1 NEGOTIABLE INSTRUMENTS Types of Negotiable Instruments Presenting Checks for.
Types of Money How should I pay?. Types of money I listed these in the order I think you are most likely to encounter them. Cash Check Debit card.
Chapter 15 E-Payments: Getting the Money. Awad –Electronic Commerce 2/e © 2004 Pearson Prentice Hall 2 OBJECTIVES Brief History of Money Features of Real-World.
Where to Stash Your Cash
RESERVE BANK OF INDIA. Developments in Payment and Settlement Systems Introduction of MICR Introduction of MICR Electronic Funds Transfer.
© 2017 SlidePlayer.com Inc. All rights reserved.