Must Read: BISP Protects Beneficiaries by Dealing with Alleged POS Agents Fraud
Numerous complaints had surfaced when BISP got Point of Sale (POS) agents deducting funds from the beneficiaries. This has led to great concern for the payees of these unauthorized transfers. In last, BSIP has taken hard steps against the wrongdoers and finalized more checks to facilitate transparency in payments.
Crackdown on POS Agents
In that teller-servicing POS agents have been removing money improperly for years. However, BISP has now initiated a number of crackdowns to solve this problem. Rubina Khalid said in a recent statement that any of the bank representatives found involved against these activities would face severe consequence. Namely to protect the beneficiaries so they can obtain their ENTIRE entitlement without deductions.
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Corrections by BISP against illegal deductions from its aid
Key Points
Cracks on POS Agents: BISP has started a ruthless crack down against unauthorized deductions across the country by requiring that beneficiaries get their full entitled amount without any cut under one head or another. of surplus_voice
Working with more banks and leveraging RAAST for better transparency and efficiency in payments, moving to campgrounds for rightful payment distribution.
New Payment Model
In order to tackle this, BISP is teaming up with six new banks in a bid for enhanced payment mechanisms so that the problem of illegal deductions may not arise again. About renewing agreements with the original two banks and why it is in line of increase efficiency,etc. According to the statement, by enabling further banks into the fold with BISP payments, “multipart banking channels seeks quality of systems and considerable risks in unauthorized deductions.
Connection with RAAST
BISP Set to connect payment systems with RAAST, Govt of Pakistan powered micropayment gateway. This link will facilitate the transfer of payments directly to CNICs of recipients. Any bank branch in the country allows them to withdraw cash making it faster thus more convenient.
Payment Distribution Points Optimized
Security of Payments’ Transition at BISP
The BISP has transitioned from small retail stores to using campgrounds for payment transactions. It was to the satisfaction of young women that this transition led into a more decent and convenient strategy for fees settlement. BISP through closely supervising and quietening unauthorized deductions of POS agents from the payment system wanted transparency so that an error-free way to provide money could be clear. BISP has a zero tolerance policy towards offending agents and aims to ensure safety of payment for every beneficiary.
Conclusion
Reforming Unauthorized Deductions by POS Agents through the Benazir Income Support Programme (BISP) Growing collaborations with the likes of banks and efforts to formalize payment channels like RAAST are all being used in combination to ensure that BISP functions smoothly, accords beneficiaries their complete titled entitlements. These steps are proof of BISP commitment towards transparency, accountability and welfare of its beneficiaries.
FAQs
If I see a fake deduction from POS agent, what should i do?
Contact BISP immediately. One can come across heavy penalties on agents who make unlawful deductions.
The manner in which I will get BISP dues?
The Disbursement system of BISP gives facilities to make payments on Campsites or bank places. In future, if its have anything to do with RAAST then you will be able transfer payment through your CNIC.
How they change the payment distribution?
BISP has started paying the distribution of payments to prove in camps properly equipped and is expanding its partnership with wider the same time ensuring transparency and reducing thematic gaps.
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