Date: 13/03/06 13: 24: 29 Wednesday
Baghdad (newsletter).The Economist called Abbas kinani, the need to promote ATM marketing centres and shops, promoting the use of credit cards to facilitate the circulation of money and to prevent theft and detecting counterfeit currency. (more…)
Date: 2012-08-27 10: 24: 45 Monday
Baghdad (News) … The Economist called Abdul Salem Al-igaily, nice to promote ATM in local markets and promote the use of credit cards by the citizens because it facilitates the circulation of money and reduce theft.
He said Al-igaily (the news agency news) Monday: ‘ n the subject of widening phenomenon in the ATM market, whether in stores or restaurants and cafes as well as promoting how to use credit cards by citizens (MasterCard and visa.) is something culturally by all developed countries of the world because it prevents fraud and reduce theft. (more…)
On: Friday 06/07/2012 11:14
Baghdad (news) .. Emphasized the economic expert Ikram Abdul Aziz, the importance of working credit card bank and encourage citizen to deal with through awareness and education programs to facilitate the transactions banking.
said Abdulaziz (of the Agency news): The system of credit cards is one of the systems technological modern, which came to the banking and spread in all countries the world, but Iraq is still behind them because of failure for many years for technical development happening in the world in all fields. (more…)
Last month the Central Bank of Iraq co-hosted a conference with USAID’s Iraq Financial Development Project on “Integrating the Banking and Financial Services Sector in Iraq.” This event, which was held in Istanbul from November 18-19 covered two upcoming changes to the payments system that have the potential to revolutionize Iraq’s banking sector.
The first is the introduction of a “national switch” for processing credit card and ATM transactions. The switch—essentially a router and some specialized software—will connect all of Iraq’s ATM machines and credit card point-of-sale scanners to a common platform. At present, each card-issuing bank operates its own system. Because not every point of sale is connected to every system, no one card will work everywhere. Little wonder that almost everything is paid for in cash. (more…)
