Implementation of ACH system in Bahrain BENEFIT company
Stockholm, April 16, 2018. BENEFIT EFTS (ACH) system in Bahrain is at the final stage of implementation process of integration with nation-wide Mobile Payments Solution in Bahrain called BenefitPay. New plug-in will support mobile retail payments in real-time and deferred modes.
Bahrain’s EFTS (ACH) system with instant payments has been put into production operations in 2015. The system covers deferred and instant payments functionality, covers all major types of payment instruments including direct credit/debits, request to pay, bill payments etc. Mandate management and fraud detection modules form part of the package. The system is based on MT/ISO20022 messages.
Additional information on Instant Payments solution from CMA can be obtained by filling out feedback form on company’s website.