Recurring Payment GateWay (Cpos) system is a fully-developed web-based application which automatically collects and processes recurring payments from customers’ accounts on an ongoing basis. This application can handle multiple tasks and relieve different institutions from the heavy manual toil that accompanies the large quantity of transactions by constantly running and giving online reports of operations and transactions in progress.

The process is simple, traceable and foolproof. First, the transaction data is inserted and registered into the system. Immediately after the transactions get processed, they are transferred to provision and supply for assessing standards related to interchange fees while ensuring maximum transparency and first-rate data quality.

In case of missing transactions or untraceable ones, cardholders and merchants are notified through phone or Email and the information is communicated to in-branch management.