ProgressSoft to Launch its Instant Payments System in INVESTBANK

Amman, September 30, 2020
ProgressSoft to Launch its Instant Payments System in INVESTBANK

ProgressSoft is delighted to announce the signing of a new agreement with INVESTBANK to launch its Instant Payment Systems, PS-IPS, a state-of-the-art solution that provides instant payment services to clients.

As per the Central Bank of Jordan’s directive for banks to connect to its recently launched IPS central system, CliQ, by the end of the year, INVESTBANK chose ProgressSoft as its favored payment solution provider of the participant system, PS-IPS, which flawlessly integrates with CliQ, and is fully compliant with the technical and Application Programing Interface (API) specifications published by the central bank.

INVESTBANK will be able to provide its clients with 24x7 instant payments including person-to-person, person-to-business, business-to-business, governmental transactions and more, as well as offer immediate funds availability.

ProgressSoft is proud of the well-established trust it has built over the years with banks in Jordan and is excited to mark yet another milestone in its continuous partnership with INVESTBANK.