Thursday, 16 August 2007

All banks to connect to E-ZWICH

Accra, Aug. 15, GNA - The Deputy Governor of the Bank of Ghana, Dr Mahamudu Bawumia on Wednesday asked all banks to link their ATMs and Point of Sale (POS) device to the National Switch, the E-ZWICH by March 31, 2008.

The E-ZWICH, a brand name for the National Switch, under the new Universal Electronic Payments (UEPS) technology is to ensure that all commercial banks, rural banks and savings and loans institutions implemented a common payment platform and biometric Smartcard. Speaking at the launch of the Ghana Commercial Bank (GCB) MoneyGram, Dr Bawumia said banks with existing switches were expected to upgrade them to make them compatible with the National Switch by July 1, 2008.The GCB MoneyGram service would be operated through all its 133 branches. [Read more]

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