QIIB is using Misys Payment Manager to connect to Qatar’s Automated Clearing House (ACH) network which aims to link all banks in the country with the Qatar Central Bank to facilitate Direct Debit and Direct Credit payment transactions enabling banks to make payments via electronic transfer.
Ali Al-Mesaifi, Chief Operating Officer at QIIB, said: "Customer service is key to us remaining ahead of our competitors and at the forefront of the industry. With that as a continuing goal coupled with the challenge of complying with the local regulations, Misys' solution offers a quick and low risk way to innovate our payments infrastructure.”
"Misys is recognized as a global expert in terms of helping banks to integrate their existing systems with new payment networks. Misys Payment Manager's flexible architecture allows banks to take a phased approach to the transformation of their payment systems," said Maruf Majed, Misys’ Managing Director in the Middle East. “They can focus on the resolution of specific business issues through a series of manageable projects. Migrating to a strategic payments environment can be achieved while delivering on-going benefit and early return on investment."