ARCHIE HESSE BOWS OUT AS CEO OF GHANA INTERBANK PAYMENT AND SETTLEMENT SYSTEMS (GhIPSS)

GhIPSS with the introduction of the all-new Famoco PoS is positioned to support acquiring institutions create several merchant payment outlets throughout the country. The Famoco PoS allow both gh-link, e-zwich and ghdual cardholders to make payments seamlessly at many merchant locations across the country.

Functions of the Famoco PoS
The newly introduced POS terminal from Famoco is a biometric Secure Android 6 device with a battery capacity of 4000mAh, NFC technology, 2G/3G connectivity, Bluetooth connectivity, and GPS to provide flexibility and accomplish business mobility missions. The device also integrates a Secure Access Module slot to secure all transactions and has an enhanced cryptographic performance with a Secure Element (SE). Other Technical Specifications include:

• Fingerprint scanner
• WiFi 802.11 b/g single-band (2.4 GHz) connectivity
• Two (2) SIM slots
• Memory size of 1 GB RAM/ 8GB Mass Storage
• MicroSD Expansion slot
• 1 SAM SLOT (2FF)
• Camera (Rear: 5MP/ Front: 2MP)
• Micro USB & DC via dedicated charger
• 500 battery charge cycle

Why choose the GhIPSS Hybrid Famoco POS?

• The device runs both e-zwich and gh-link applications
• 3rd-party software can be ported to device due to its 1GB RAM and 8GB Mass Storage
• It has a 4.5’’ Capacity touch screen panel with 3 touch points and weighs only 336g
• Replaceable 4000mAh Li-on standard capacity battery with 500 charge cycles
• Long lasting battery (6+ hours - intense use / 14+ hours - moderate use) on a single charge
• The rear camera provides additional feature to complete authentication and identification processes.
• The new hybrid POS is equipped with an optical biometric sensor that executes faster authentication process (matching speed of the fingerprint sensor is less than a second.

The Famoco Point of Sale terminals are currently on sale. Interested acquiring institutions should contact the Cards & Verified Payments Unit of GhIPSS.

The GhIPSS payment bureau uses the e-zwich Payment Distribution System (PDS) for the disbursement of salaries and allowances electronically onto e-zwich cards and mobile money wallets. The Bureau also provides an effective payroll management system using the   e-zwich biometric search engine.

The Bureau is currently responsible for disbursement of funds to beneficiaries of government social intervention programs among others.

Benefits of using the Bureau

• For security and efficiency in payments.
• The Bureau provides timely review of all payment records through a pre-audit exercise to assure clients of the display of due diligence and value for money.
• For efficient payroll management.
• Ensures good audit trail

Organisations and Institutions interested in using the services of the Bureau should send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.

The Cards & Verified Payments Units supports Financial Institutions with the acquiring and setting up of e-zwich agents. These agents supports with the provision of e-zwich services to cardholders.

Setting Up an e-zwich Agent
Generally, the requirement for setting up as an e-zwich agent is same across platforms i.e. mobile money agent, bank agent and e-zwich agent. Prospective e-zwich agents must have a bank account with a financial institution in addition to the following documents:

• Valid Company Registration documents (Registrar General ONLY)
• Valid National Photo ID of Applicant
• Area(s) of operation (Detailed directional map to agent location(s) or nearest land mark – GPS - digital address)
• Details of existing business account/new account with a recognized Financial Institution (Banks/Savings &Loans/Rural Banks)

After a successful validation by the bank, the agent would be provided the following logistics requirement:

• Point of Sale Terminal (POS)
• Merchant Card
• SIM Card (any network)
• Paper Roll

Agents on the e-zwich platform are setup to provide the following banking services:

• Cash deposit
• Cash withdrawal
• Cash transfers to e-zwich cards
• Cash transfers from e-zwich Card to any Mobile Money wallet
• Cash transfers from any Mobile Money wallet to e-zwich Card