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(IBAN) in banking transactions
15/11/2017 12:00 am [rtl]Mohammed Sharif Abu Maysam In a move to give optimism to the advancement of the banking industry in the country Rafidain Bank circulated lists containing a digitally organized accounts of its branches accredited internationally (IBAN) to all banks, government and private IBAN is a shortcut to the International Bank Account Number ), A unique and unified formula internationally agreed to the bank account number in order to carry out transactions for banking transactions and facilitate electronic transfers between branches of banks in the world, in the sense that it is a digital organization of the accounts of branches and customers in the global banking sector is not a new bank account number, Is the same as the special bank account number for any branch or citizen with numbers and letters from the left side. IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory. When an IBAN is applied in a country, all transfers of funds received and exported between this country and the other registered countries must be accepted and processed. All banks and financial institutions should apply this, but they do not have to be dealt with domestically, Development in trading and financial transactions. This is a promising step that will lead us to be optimistic and to wonder at the same time. It is the starting point for engaging in the digital banking industry, which will require other government and private banks to take quick steps to follow. This will establish a banking industry that will upgrade the global banking industry. Unless this system enters the entire Iraqi banking sector. And work is a positive indicator and catalyst for the potential flow of investment funds within the country, as well as its role in the removal of classical methods in the performance of banking because the work requires a digital infrastructure and the support of an employee and an integrated system of the system of electronic payments. And here is the question about the time taken by the processes of preparation for the introduction of electronic systems, and the seriousness of some government and private banks in the introduction of these systems, which remained stalled until now? Will we see in the coming days a serious and mandatory work to introduce all technologies into force? [/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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