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Who we are ?
TASDEED®
Is an electronic system of presenting and paying bills anytime anywhere all around the sultanate.
Who we are ?
Oman National Engineering & Investment (ONEIC) was formed in 1978 to manage the Rural Electricity System for the Ministry of Electricity & Water Established
ONEIC started its Operations to serve the Electricity, Water, and Communication sector
ONEIC has 88 branches to serve its customers in all regions in Oman, with more than 6 divisions
MadfooatCom
Is a Jordanian company established in 2011
It's the current operator and administrator of eFWATEERcom: Joran National Bill Payment and Presentment System.
MadfooatCom
MadfooatCom aims to connect banks with billers to facilitate bill payment and inquiry through electronic channels 24/7 easily and securely
Banks and PSPs
Billers
Main Billers
Main Billers
Competitive Advantage
The Problem With Current Payments
Customers:
- Long wait times
- Manual bill presentment to the customers
The Problem With Current Payments
- Multiple locations for bills
- Interrupted service after working hours
Banks:
- Need The Physical Bill To Know The Amount
- Not Real-time Payment (It’s Off-line)
- Higher Rates Of Errors and Inconvenience
Current Payment Method
What we do?
TASDEED will act as an electronic collection organization residing between the billers and banks (B2B ) which will receive billing information from subscribed billers and, in-turn, submits these bills to the banks.
Banks will then be responsible for informing the customer of the payment
acceptance, and will in turn send a message of the successful payment to
TASDEED, who will forward it automatically and electronically to the original
biller.
Online
Online
Inquire their bills in
- Corporate banking (Portal)
- Personal banking (Website)
- ONEIC bill and pay kiosks and branches
- Bank outlets
- Mobile banking
- CDM & ATM
Benefits
Benefits
TASDEED will serve the banks through utilizing their e-channels such as
- Internet banking
- ATM machines
- Mobile banking
- IVR
Value Proposition
Value Proposition
- Single point of contact: Banks need to connect to TASDEED only once and it will be able to connect to all current and future billers.
- Time and cost saving: Eliminating the development and connection
headaches to different systems with different requirements of each biller.
- It’s a revenue source for the Bank as TASDEED will share the fees
collected from the billers with the bank
- Increases the number of collected bills through the Bank
- Automated Bank Biller Reconciliation: No more headache of manual operations.
- Improve Cash Flow: Eliminating losing checks, and reducing billing and payments
processing expenses.
Stakeholder Benefits
Bill Inquiry
Bill Payment Operation
Banks create new payment record in
ONEIC-TASDEED
The process is to ensure the customer pays according to Biller intent.
it involves a validation of Biller’s payment rules.
To ensure the customer pays according to Biller intent, and validate Biller’s payment rules.
Bill Payment Operation
A payment collection account will be set-up in each Settlement Bank.
Banks must record data about all payments in storage termed
as TASDEED Payment Log.
Technology
A state-of-the-art EBPPS messaging system:
- Proprietary EBPPS technology
Technology
- Seamless integration to almost any system
- Omni channel (Online, POS, Kiosk…)
- Straight through processing (STP)