IFTS is a multifunctional online instant payments system that offers a range of funds transfer/collection services covering all of country’s economic sectors, from individual remittance transfers to government and large corporate institutions payments. The system greatly improves bill payment services for telecoms, government and municipal authorities, and other financial service providers.
Solution Benefits
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Diverse set of business parameters and plug-in modules allows to adjust the system behavior to specific business model which is best suitable for Customer’s goals and local practices.
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IFTS is built around CMA’s payment processing engine which is designed to process millions of daily payments to and from millions of end-customers with a response time for every individual payment within just a second. IFTS has a proven high performance and reliability record based on a number of live installations.
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IFTS is designed to provide secure payment and information exchange over secure private network and/or SWIFTNet with electronic digital signatures and traffic encryption thus providing point-to-point security. IFTS can be integrated with existing Security infrastructure such as LDAP services, Certification Authority Centers, etc.
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Different payment processing strategies are supported by default, such as payment pre-validation by IFTS with further approval, payment authorization by counterparties, point-to-point straight delivery, delivery of payment by request and some others.
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IFTS operates in 24x7 mode with 99.99% availability per year.
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System components are functioning in active-active mode.
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System component upgrade process is performed on-the-fly with zero downtime.
Trusted by Many
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Benefit - Bahrain
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Central Bank of Cambodia
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National Bank of Serbia
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National Bank of Tajikistan
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The National Payment Corporation of Vietnam
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Bank of Mauritius
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State Bank of Pakistan
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Central Bank of Azerbaijan
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National Information Technology Center (Nepal)
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Jordan Payments and Clearing Company
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Central Bank of Kuwait
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THE ARAB MONETARY FUND