Banks & Financial Institutions

Banks & Financial Institutions

Banks & Financial Institutions

At Amwal Payment Services, we take pride in being a leading provider of advanced payment solutions tailored for banks, financial institutions, and businesses throughout Iraq. Our services are crafted to the highest industry standards, incorporating cutting-edge innovations that ensure secure, efficient financial transactions and robust payment infrastructures. We also support the latest smart chip technologies and contactless payments, enabling your clients to enjoy a smooth and secure financial experience.

We offer a diverse range of card issuing services to our banking and financial sector clients, including debit, credit, and prepaid cards through Mastercard and Visa. Our extensive suite of solutions further includes transaction processing, fraud prevention, and mobile payment integration, all designed to meet the ever-changing demands of the financial industry.

 


 

 

 

Types of Cards We Provide

At Amwal Payment Services, we offer a wide range of card options to meet the diverse needs of banks, financial institutions, and businesses. Our card types include:

Prepaid Cards

Amwal Prepaid Cards provide a practical and secure solution for managing payments without the need for a traditional bank account. These cards are reloadable, offering you the flexibility to top them up as needed. Ideal for a range of financial needs, they provide a straightforward and secure method to make purchases.

Our prepaid cards are accepted across various payment channels, including POS terminals, ATMs, and online platforms. Whether you're making purchases in stores, booking travel arrangements, dining out, or filling up at gas stations, Amwal Prepaid Cards make it easy to pay securely and efficiently.

 

Debit Cards

Amwal delivers a robust and secure solution for banks and financial institutions to efficiently manage debit cards with instant transaction approval. Designed with the highest security standards, our services include advanced monitoring, risk mitigation, and fraud protection. Debit cards can be linked to a variety of account types, including current, savings, and multicurrency accounts, offering greater flexibility and control for both institutions and their customers.

 

Credit Cards

Amwal enables banks and financial institutions to issue credit cards to their customers, providing them with a versatile and reliable payment solution. Credit cards offer high payment limits, giving customers the flexibility to manage larger transactions. We also provide installment services, allowing cardholders to pay for their purchases over time. Additionally, we offer Islamic credit cards that comply with Shariah standards, ensuring that customers who prefer Shariah-compliant financial solutions can enjoy the benefits of credit cards in alignment with their values.


 

 

 

ATM Management & Driving

Amwal offers a comprehensive suite of ATM network management and monitoring services to banking and financial institutions across Iraq. Our services include ATM remote acceptance, processing, and monitoring, as well as multi-currency and multi-account management, reconciliations, reporting, and customer dispute resolution. Additionally, we provide advisory services for ATM selection, installation, and post-installation monitoring. These services ensure efficient and secure management of ATM operations, supporting cash withdrawals, PIN changes, account statements, and balance inquiries...etc. for customers.

 

Transactions Routing & Processing

Amwal Payment Services offers its banking and financial institution clients the capability to process and rout both local and international transactions. With all necessary licenses in place, Amwal enables secure transaction processing through advanced systems and connection points with Central Bank of Iraq and global payment networks, housed at our data and disaster recovery centers located within Iraq.
 

 


 

Anti-money laundering and fraud Management

At Amwal Payment Services, we prioritize the security of financial transactions by offering advanced solutions for fraud detection, risk management, and compliance with regulations like anti-money laundering (AML) and counter-terrorist financing. We collaborate with banks and financial institutions to implement effective controls that help identify and prevent suspicious activities, minimizing potential risks.

Our intelligent systems use artificial intelligence to analyze transaction data, creating custom rules and scenarios based on specific parameters such as transaction volume and types. This allows us to identify irregularities in real time and deliver actionable insights through detailed reports, helping institutions maintain robust security measures.

Additionally, we provide a state-of-the-art ACS (Access Control Server) solution integrated with 3D Secure technology. This solution enhances the security of online transactions by requiring an OTP (One-Time Password) for each payment, ensuring a safe and fraud-free online shopping experience for your clients.



Mobile App

As industries continue to evolve in the digital age, the demand for mobile applications has grown significantly, with banks and financial institutions at the forefront of this change. Recognizing this trend, Amwal has developed a robust mobile application service that supports all card types—prepaid, debit, and credit—across iOS, Android, and Huawei devices. This service is designed to keep pace with the rapidly changing expectations of today’s banking customers, providing them with the flexibility and convenience they need to manage their financial activities anytime, anywhere.

The app allows users to effortlessly monitor transactions, retrieve their PIN codes, access security codes for secure online shopping, transfer money, check balances, print statements, and even issue virtual cards for added convenience. It also supports online card purchases, providing customers with a seamless and secure digital banking experience.

Beyond these core features, Amwal’s mobile app can be customized to offer value-added services tailored to the specific needs of each bank. By embracing this technology, financial institutions can ensure they stay ahead of customer expectations, offering a more efficient, secure, and user-friendly service that keeps them connected in today’s fast-paced financial world.

 

Information System Reporting Service

With the ongoing transformation of payments across Iraq and globally, Amwal provides E-Payment Consulting Services to non-financial companies, offering expert guidance to enhance payment processes. We help businesses streamline operations, improve security, and adopt the latest payment technologies, ensuring they remain competitive and future-ready.

Partner with Amwal to accelerate your digital journey and stay ahead in the evolving world of e-commerce and digital payments. Let us guide you through every step of your payment transformation.

 

 

  Value Added Services

Amwal offers a comprehensive range of value-added services for banks and financial institutions, enhancing efficiency and customer satisfaction. These services include card management, processing, and transaction solutions designed to streamline operations.

Our offerings include the ability to charge fees on dormant cards, exempt customers from annual credit card renewal fees based on usage and provide Islamic credit cards compliant with Sharia principles. We also offer a variety of card types, including plastic, wearable contactless cards, metal cards, and biometric fingerprint cards, with flexible printing options at various locations.

Amwal’s systems facilitate seamless integration with banking systems, enabling smooth transactions and easy management of direct debit card operations. Additionally, we provide services such as contactless ATM transactions, cardless ATM access, bill payments, smart cash deposits, and balance transfers.

Our solutions also support digital banking, application management interfaces, and various services for card information retrieval, balance management, and secure transaction processing. These value-added services are designed to enhance the banking experience for both institutions and their customers.

 

 

Call Center

Amwal is proud to offer a dedicated team committed to delivering exceptional customer service. Our 24/7 call center ensures continuous support for our clients, available every day of the week. The center is focused on providing outstanding service to our banking and financial institution clients, promptly addressing inquiries, handling complaints, and resolving issues with professionalism and transparency.

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