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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Video: The Ministry of Finance sets new conditions for "electronic payment" in Rafidain

rocky
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Finance - Video: The Ministry of Finance sets new conditions for "electronic payment" in Rafidain Empty Video: The Ministry of Finance sets new conditions for "electronic payment" in Rafidain

Post by rocky Mon 24 May 2021, 6:33 am

[size=35][size=35]Video: The Ministry of Finance sets new conditions for "electronic payment" in Rafidain[/size]
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2021-05-24 | 03:49




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A set of controversial points referred to by the Ministry of Finance as notes about the contract submitted by the Rafidain Bank regarding the electronic payment project, which prompted Finance Minister Ali Allawi not to approve the contract until after it was reformulated according to new conditions.


It included the contract provided by [url=https://www.alsumaria.tv/Entity/2821242527/%D9%85%D8%B5%D8%B1%D9%81 %D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86/ar/]Rafidain Bank[/url] To expand the ATM network to ten thousand through a company, in addition to expanding its functions, so that the Ministry finds that the contract does not conform to the form of the relationship between the bank and the service provider recognized in the sector, the mechanisms and optimal standards, as well as the contract's violation of some of the laws and instructions in force and imbalance Between the rights and obligations of the parties to the contract.






The Ministry also indicated many violations of the terminology used in the contract, including the party and the second party, as well as the use of incomplete and unclear definitions such as the global payment card, electronic payment, authorization and property rights.

The Ministry recorded the absence of economic feasibility in the complementary equipment, while it indicated a great exaggeration of the duration of the contract, which reached twenty years.

As for the fees and commissions clause, the company gave itself the records and restrictions a personal environment that does not accept doubt and error, and at the same time the company did not hold itself responsible for the inaccuracy of these records. The Ministry also indicated a number of contradictory and inaccurate items with regard to ATMs and items related to money laundering, and was surprised at the bank’s compliance with the contracting company and the nature of the relationship between the bank and the service provider.
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The ministry stressed, through its recommendations, to adhere to the controls and instructions of the Central Bank, the instructions of the international payment companies that operate the card, the form of the contract, the prices of the service and its comparison with other companies, and that the contract does not include any exclusive and monopolistic clauses, and that the contract period does not exceed five years, as well as many things Technical and administrative through which the contract form is changed altogether.

Fifty-four notes are you recorded [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]On the contract in its final form, it corresponds to sixteen recommendations for[url=https://www.alsumaria.tv/Entity/2821242527/%D9%85%D8%B5%D8%B1%D9%81 %D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86/ar/]Rafidain Bank[/url] In dealing with the contracting company, it raises more than one question mark about the company's work and the method of contracting with the bank, what is the feasibility of the contract, and is there something going on behind the scenes, so that the answer remains coupled with the coming days.

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