Automated Clearing House - ACH

Enables customers to transfer money between banks. Banks and member entities could also inject numerous individual (branch, internet bank, mobile bank, and telephone bank) and group (salaries, stock interest …) transactions to this system. All SHAPARAK transactions are also sent to this system for processing. 

. Direct Debit
Customer can authorize his bank for direct withdrawal of limited amount in a defined time period for transfer to other banks. This would have various applications including bill, rent, loan and other payments.
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