CIT VERiCASH brings its proven and widely implemented CIT multi channel gateway to its platform to leverage more than 15 years of integration experience on the financial domain in MENA region.

You will benefit from large set of out of the box interfaces like:

• Bank channels interfaces
• Merchants payments interfaces
• Business payments interfaces
• IMT providers interfaces
• MNO interfaces

Scale on added value services

CIT VERiCASH brings its proven and widely implemented CIT billing hub.

Billing hub

Billing gateway is a readymade product to provide a unified platform for bill presentment and payment services to the bank’s customers through the bank’s different channels. With its well planned component architecture and with a high degree of modularity, the billing gateway fits the bank’s requirements for a generic and personalized billing hub that can be plugged among the bank’s back end systems with a seamless native integration to the bank’s channels.

Billing Hub comes to answer the bank’s critical questions related to the bill payment business. It is deployed in one location and positioned between billers and the bank’s channels. It delivers all the billing services through all the bank’s channels without making any expensive investment in replacing or modifying the bank’s current IT environment. With its personalization parameters, it provides multi currency support as well as country rules and regulations support.

With Billing Hub in applied, the bank has a powerful personalized EBPP solution managed from one location and connected to the bank’s channels in different regions. This utilizes the current IT infrastructure and decreases the operation’s overhead and the cost of staff. It unifies the process of bill payment across regions, which simplifies the channel’s update process for any future upgrades and handles currency exchange. With the personalization setup, the Billing Hub complies with the country’s rules and regulations for taxes calculations, fees…etc. End of day operations become easier with the Billing Hub’s reconciliation and settlement module.

Features:
• Channel unified format
• Multi-Biller support
• Multi Region support
• Multi Currency support
• EOD Operations support (Reconciliation & Settlement)
• PCI Compliant
• Various integration approaches (channels & core-bank)
• Secure web interface for administration and operation activities
• Comprehensive monitoring details for running services and transactions statistics

Scale on business connectivity

CIT VERiCASH brings its strong business relationship with regional and global providers of international money transfer, international air time transfer, compliance and handsets vendors to help extending their ecosystem and fulfilling all requirements of mobile payments value chain.

Full set of payment services

• Basic services
  • Cash in
  • Cash out
  • Domestic money remittance
  • Bill payment
  • Topup


• Advanced services
  • International money remittance
  • Microfinance services
  • Mobile marketing & ads
  • Salary / Pension distribution
  • Purchasing
  • Cross wallet transfers