Jordan-based SSS Process has developed a new e-payment system, ‘e-Tasdeed,’ which seeks to link together banks, government institutions, and national companies through a secure interface, enabling citizens to pay liabilities and settle their regular monthly bills.

A leading company specialized in providing e-government services and software solutions, SSS Process said the move is aimed at building a comprehensive banking system.

Instead of having multiple e-payment systems built and launched individually by Jordanian companies, ‘e-Tasdeed’ will serve as a single, unified platform that caters to the needs of all companies and institutions while being directly interfaced with core banking and credit card systems, unlike the previous solutions which used to be technically complicated and limitedly useful.

SSS Process CEO Dr Alaa Ensheiwat, said, "We have developed the e-payment system, ‘e-Tasdeed,’ to build on the success of the ‘Sadad’ solution launched earlier in Saudi."

"That system contributed to increasing the cash flow in government and public institutions, including the customs departments and the telecommunications, water, and electricity companies, as well as cutting the costs such institutions incur to collect debts," he noted.  

In addition to reducing departments’ operational costs, the new solution will help citizens save their money, time and effort by eliminating the need for them to pay in person water, electricity, landline and other basic services bills, or school and university fees.

They will also be able to review their liabilities, settle them directly, or even pay them in installments via several bank accounts, he stated.
   
Dr Ensheiwat also called upon the officials at financial institutions, e-government project, and the nation’s biggest companies to set up a joint council to investigate the new system’s features and its ability to service users.
 
"Several local banks and government agencies as well as those in some GCC countries are currently studying the possibility of incorporating into their business operations the ‘e-Tasdeed’ solution, which will help them to successfully and accurately perform the billing process," he added.-TradeArabia News Service