ETHIX-Salary is a comprehensive and reliable system which enables financial institutions to control the salary process simply and more efficiently. By using the various file formats provided by ETHIX-Salary, a bank is able to identify the various salary providers as well as process deductions either for accounts with the same bank or different ones through SWIFT.
ETHIX-Salary is highly controlled and secure through ITS standard administrative controls in conjunction with the bank's employee security practice.
Processing daily files containing all POS transactions: ETHIX-Salary provides a bank with the ability to define cards for POS transactions, define charges on merchants based on the total sales amount and impose penalties for not achieving the predefined target sales amount.
Security: Through a comprehensive system of access rights together with a multi-level authorization mechanism, ETHIX-Salary can provide increased control on all information.
Scalability: ETHIX-Salary is a highly scalable system which can operate both in small banks as well as larger, regional banks processing a multitude of daily transactions through many delivery channels. The scalability features ensure ETHIX-Salary is capable of meeting the growth and expansion requirements of any bank without reducing performance.
Open architecture: ETHIX-Salary is an integrated solution with core banking solution which operates in both Windows® and UNIX environments. ETHIX-Salary offers a full industry standard technology to create an open architecture. This system can accommodate a variety of hardware platforms and operation systems. It also allows simple interfacing with compliant software including document management, asset and liability management, securities marketing and standard desktop packages.
ETHIX-Salary provides cost effective, low risk, out of the box solution that can add more business value to the financial institutions by processing the following deductions:
- Loan due
- Credit card due
- Standing orders
- Generic deductions
- Settlement of ATM's for 'on-us' and 'off-us' transactions