Firm partnerships to support banks

SADAD for banks

By decreasing operational costs, the use of SADAD system is reflected in banks adopting electronic payment methods instead of traditional methods; where previously banks used to establish, manage and maintain link channels for agreed-upon billers, In addition, each biller has his own technical specifications, which include the updating process and billing process, bill payment rules, and the method of sending and receiving invoice data, but with SADAD the linkage requirements is unified with all banks, which will save the banks the huge amounts spent on the foregoing connection channels, as the system embodies the central matching authority with banks and billers, as it transfer funds in the accounts for the interest of each beneficiary as requested, The system also gives you lower costs in the matching processes by reducing the time and effort that was previously consumed, in addition to increasing the accuracy and reliability of the bills information provided through SADAD to enable banks to reduce and limit the phenomenon of complaints and inquiries regarding the differences in payment transactions implemented by customers.

SADAD features for banks:

  • Reduce operational costs:

    With SADAD the connection requirements are unified with all banks, which will save the banks the great amounts spent on the foregoing connection channels, as the system embodies the central matching authority with banks and billers, as it transfer funds in the accounts for the benefit of each beneficiary as requested.
  • Less costs for matching processes:

    This reduces the time and effort previously consumed by the traditional billing processes.
  • Increased accuracy and reliability:

    Through the billing information provided through SADAD, so banks are able to reduce and limit the phenomenon of complaints and inquiries regarding the differences in payment transactions implemented by customers.