open bank accounts for a million Challenges facing the business

In the framework of the plan updates government established by the Arab Republic of Egypt , there is a need for
automating all government payments and collections

The initial vision plan to the banks to open bank accounts for a million and a half owner of a pension , and the issuance of cards in accordance with the standards issued by the Ministry of Finance banks reluctant to issue cards pension because of the high cost of the course of the transaction and the weakness of the possibility of selling other products to them for their old age and lower pensions

The technical state

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The National Authority for Social Insurance used a system manually to pay pensions , where he used pensioners to show identity cards to the ATM , which is searching manually between receipts that must be signed by the owner of the pension , and this was it exhausted a lot of time where forced pensioners to wait for more than two hours to collect their pensions , and it was are paid pensions on the tenth day and the day twenty of each month to reduce congestion in ports, pension and , of course, was not the pensioner can get his pension only from the registered office which then was on many of the staff of the ports are forced to work for overtime for the disbursement of pensions and make manual adjustments transactions made ​​throughout the day
Solution

The Ministry of Finance has contracted with an IT company run financial institutions to provide a solution and run the electronic payment center to conduct all payments and collections , which is a pension -mail as part of their services

The technology company operating facilities providing financial services center cards have to issue cards and follow up transactions pensioners and electronic payment system and switch ATM machines to manage the payment for pensioners totaling a million and a half a pensioner 

The solution was made ​​by the company are as follows

    E-payment system is used to record the pensioners and download documents, exchange of specialists working in the National Authority for Social Insurance 

    Switch ATM user to follow the POS and ATM transactions and transfer transactions to other networks ( 123 mesh)

    Card Management System (CMS) is used to find the balance and the issuance of new cards and secret codes (Pin) and turn on and off the cards

    More than 2000 points of sale (GPRS and LAN) operated in more than 3200 port to the pension 

    300 ATMs operated in different places to service pensioners

Benefits

    Reducing the use of POS electronic payment of pensioners waiting time for half an hour at most compared with three to four hours in some outlets pension

    Process has become more user-friendly pension from any port in the Republic , regardless of whether the pensioner registered or non- registered

    Pensions are becoming acted electronically beginning of the first day of each month for three consecutive months 

    Annuities have become disposal at any time throughout the day and throughout the week through 300 ATM government is free and more than 4000 network 123 (surcharge)

    Became the teller does not need many of the documents and papers during the exchange process thereby reducing the time to a great extent

    Increased the capacity of ports to accommodate pensioners due to reduce the waiting time to get a pension , and that means a lack of investment in exchange for the provision of additional ports or the appointment of new money changers to service pensioners in ports

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