Sunday, July 1, 2012

Iraq's Mobile Banking System - Balance by secret key system (phone banks) need solid companies to protect against theft of funds or loss of Sim cards

Bumped .. Related Articles .. Link .. *Iraq Banking ~ Links ~ Articles From 2011 ...

June 30, 2012

Expert: system (phone banks) needs to be solid companies protect against theft of funds

Called for a specialist in economic affairs Dargham Muhammad Ali, to provide full protection for the funds when applying the banking system, telephone, adding that new electronic system needs to contract with Telecom solid to keep your deposited funds.

Ali (of the Agency news) on Saturday: This modern technology followed in many countries of the world, but they are still new to Iraq must be put in a feasibility study for the project before applying it to avoid problems that may occur like stealing a credit or other things.

He added, can not apply the system directly to the financial transactions of large and rather prefer trimmed on transactions small first, such as payment of taxi fare or shopping to see how his success and the interaction of the audience with him and then includes the trading of medium and large by following the provision of adequate protection of assets in banks.

said: that the mobile phone companies that are currently in Iraq is able to protect the money that is being transferred across through the system banks, telephone financial transactions, because they steal as happens now with the phone, so the process is needed for companies solid working high level of transparency through the use of ATMs to give "Basoord"


Everyone has to ensure his money in the event of loss of "mobile" or "SIM card" it is through Contact the company can keep the balance by the secret key.

He pointed out: that a new system will develop the banking sector and facilitate its work through a profit in return for providing service to the citizens.


It is noteworthy that the Iraqi Central Bank started to establish new electronic system called (split national) or banks, telephone, where The linking of all Iraqi banks government and private network unified communications are managed by a specialized international company to facilitate banking operations in Iraq.

source