Electronic Bill Presentment And Payment Service
Is an effective central and integral system aims at providing the service of presentment and payments of bills and other services electronically for people (natural and legal)- whether holding banking accounts or not- in addition to providers of payment services, banks, and parties issuing bills (billers ). It was officially launched on 29/ 6/ 2014.
The system aims at facilitating and accelerating bills payments process through different payment channels in the kingdom (bank’s branches, ATMs, mobile banking, internet banking, mobile (JoMoPay), Jordan post offices, kiosks and others). It also aims at transferring from paper payment environment to electronic one which would enhance the reduction of expenses as this system considered one of the most advanced systems that achieved positive progress in the field of retail payments.
To achieve “eFAWATEERcom” objectives, the Central Bank of Jordan has adopted the policy of “Outsourcing” through authorizing “Madfooatcom For Electronic Payment”, a Jordanian company, to build, administer, and operate the system on behalf of the Central Bank while the Central Bank play the overseer and supervisor rule on the system and establish the operational bases for it.