Electronic banking landscape was in turmoil Wednesday, 5 Jan. Casablanca. Under the leadership of HPS, a publisher of software for electronic payment, electronic banking interbank Moroccan Centre (IMC) and the JCC Payment Systems Ltd Cyprus have signed a twinning agreement. It aims to establish sustainable cooperation in the field of electronic payment..

Cyprus and experience in this area is not insignificant. Although the island has only 700,000 inhabitants, it circulates more than 800,000 cards. In Morocco, it is far from these proportions, given the low rate of banking services. Less than 2 million cards in circulation for a population approaching 30 million.

Both centers are expected to play a leading role in the spread of smart cards according to international standard security EMV (Europay MasterCard Visa). Most importantly for the democratization of new services such as electronic payment of bills (water, electricity, telephone…), or any other transactions in various sectors of the economy. The ICD and TCG provide national compensation payment transactions. They are connected to international networks such as Visa, Mastercard and American Express. The two centers also provide the routing of requests for authorization from the local banks as well as surveillance and the fight against fraud.

This component requires more attention from experts, especially in view of the establishment of a payment solution via the Internet. Scheduled for the second quarter of 2005 as well as the service full interoperability, secure solution that would allow the development of e-commerce transactions. Finally, the CIM has set up a new application on the electronic payment terminals (EPT) for the acceptance of smart cards and remote management settings for over 80% of TPE park before the end of the year.

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