Commercial Bank says its Internet Payment Gateway has been improved to offer more facilities for Small and Medium Enterprises (SMEs).
The only Sri Lankan bank operating an Internet Payment Gateway hosted by MiGS (MasterCard Internet Gateway System), the Commercial Bank said the ComBank Payment Gateway (CPG) now offers many features that facilitate SME type transactions, without the complexity and costs of existing e-commerce structures.
“Our enhanced payment gateway offers users many exciting opportunities for growth by augmenting access to their products and services and making payment for them extraordinarily convenient and safe,” said Commercial Bank’s Deputy General Manager Operations, Sanath Bandaranayake in a statement issued by the bank.
Sophisticated anti-fraud features make it possible for customers to view products, place their orders, generate invoices and pay online, in a secure environment that meets the highest global standards, with both ‘MasterCard Secure Code’ and ‘Verified by Visa’ authentication, the bank said.
Transactions are Payment Card Industry – Data Security Standard (PCI-DSS) compliant, thereby providing maximum protection of card holder information. Processing of refunds is also possible while maintaining the integrity of the system and protecting sensitive information.
“The ComBank Payment Gateway supports multiple channels and currencies and offers dynamic conversion of currency, allowing a customer to pay in a currency of choice,” the Bank’s Chief Information Officer Rohan Muttiah said. “In addition to providing convenience this also reduces transaction costs associated with currency conversion and processing charges and makes the payment gateway a desirable channel for discerning organisations and their customers,” he said. |
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