Cards Center Project Approach May 24 2008
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The document outlines the Projects Approach for the Retail Assets Division Cards Center Team. It discusses the objective to make sense of overall project reporting and transition to using MS Project. It provides details on the current state, goals, key elements, timeline, and approach for mapping out the cards center project. The overall goal is to enable instant credit card issuance at branches by certain deadlines while obtaining necessary approvals, implementing systems, and establishing processes.
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Cards Center Project Approach May 24 2008
- 4. What is this about?
- 5. Who is cards center today? Internal RAD Weekly Updates iPMO Word File iPMO Excel sheet And coming soon MS Project file MS-Project
- 6. We want to reach this >
- 7. Who is cards center today? MS-Project
- 9. Why are we doing this?
- 10. Key Elements Key elements Cards Setup alinma approvals Systems implementation Regulatory approvals Sharia approvals EMV Fraud/Risk setup Cards Setup Visa operational license Premises and cards center layout Bank seal NOSTRO/VOSTRO T24 A/O SWIFT Readiness SLA with vital areas Business process development Matica printers availability EMV Training across branches Cards plastics System implementation T24 BASE24 EPS Smart chip manager Payments manager system Chip cards behavioral scoring Cards application management system SI Process integration IT Ops process handover SWIFT/SARIE Build PCI Compliant PIN Management: UAT Planning Internet requirements adherence for acquisition EMV Campaign management Matica/ACI Driver availability Regulatory approvals PCI DSS Technical certification Visa operational certification SPAN2 Certification SARIE Certification PCI Business process certification alinma-approvals Global RISK AUDIT Compliance Middle-office: Business Process Ownership Cross sell strategy of RBG Settlement and Reconciliation Process Risk approval of credit polices Legal team review The Goal: Instant Issuance @ branch launch Sharia approval Approval of all C2P2’s EMV Fraud/Risk Setup TRIAD FALCON Training and procedural requirements Build compliance grids
- 11. Time Line Mapping July Aug. Sep. Oct. Nov. June Dec. Instant issuance @ branch launch Sharia approval Approval C2P2’s Bank seal Visa operational license Premises and cards center layout SPAN2 Certification SLA with vital areas T24 A/O NOSTRO/VOSTRO SWIFT Readiness PCI DSS Technical certification Global RISK Fraud & Risk Setup: Training and procedural Requirements Build compliance grids Matica printers availability PCI Business process certification Risk approval of credit polices Cards plastics Business process development EMV Training across branches Middle-office: Business Process SARIE Certification Pre SPAN2 Certification Settlement & Reconciliation Process Legal team review T24 ACI BASE24 EPS Smart chip manager Payments manager system EMV Campaign management Matica/ACI Driver availability Chip cards behavioral scoring Cards application management system Internet requirements adherence for acquisition SI Process integration IT Ops process handover UAT Planning SWIFT/SARIE Build PCI Compliant PIN Management TRIAD FALCON Key elements Cards Setup alinma approvals Systems implementation Regulatory approvals Sharia approvals EMV Fraud/Risk setup Key Dependency Key element Date Shaira approval Dec 2008 Visa operational License Jul 2008 T24/Vostro/Nostro Oct 2008 Premises Aug 2008 ACI Solution Nov 2008
- 12. How will we do this?
- 13. Who is cards center today? MS-Project
- 20. Conclusions
- 22. Thank You
Editor's Notes
- What is the strategic direction of Alinma when it comes to card payments? Alinma cards payments have to aim for fully Shairah compliant cards in all its offerings. It is considered a core competency for us. Alinma will differentiate via new types of acquisition and ease of card application. What's the strategic direction of cards center when it comes to card payments? The cards center center fold direction would be: 1 st phase: focus on building solid base of known cards and issue them instantly 2 nd phase: focus on reviving the actual revolving credit business after eMurabaha card is approved 3 rd phase: focus on building several flavors of existing card segments and schemes via alliances and partnerships What technologies are we going to use? We are witnessing a mixture of new technologies. The biggest change is the actual SPAN2 and SAMA EMV. PCI Compliance and new Visa regulations are additional requirements that require the cards related data capture activities to be revised when compared to traditional issuance. Finally we have the Instant issuance aspect of credit/debit. This will be a new challenge since no one has done it in the region. We must do as much due diligence possible prior to launching this aspect of the service. There will be a big dependency on EMV awareness across operations and the branch network to execute the instant issuance process accurately. How are we going to be Shairah Compliant? We are working with Shariah and PSD on 2 levels: Approval of cards packs that have been submitted The eMurabaha project which is underway We are hoping to expedite approvals so we can insert our parameters into the solutions chosen. We will not proceed into parameter card configeration unless Shairah and PSD have given us the green light to issue these cards.