Commercial Bank's awareness program on 'Paymaster'

Representatives of more than 60 corporate entities participated in an awareness program by Commercial Bank on its 'Paymaster' electronic payment mechanism, recently.

Deputy General Manager (Operations), Commercial Bank, Sanath Bandaranayake, makes his presentation.

The event was attended by customers in Katunayake Free Trade Zone and Pannala areas.

'Paymaster' is a seamless and comprehensive electronic payment mechanism that can replace cheques and cash payments and minimize processing time as well as costs and the risk of transporting cash.

The Bank briefed participants on facilities and benefits of the product and on the newly launched web based version.

Commercial Bank's Deputy General Manager Operations, Sanath Bandaranayake said "Paymaster, which provides a convenient, secured and a cost effective service is increasingly becoming popular among our corporate customer base. Already, more than 1200 corporate clients use the service."

He said that the Bank launched a new website to further enhance high security of transactions. It allows customers to login from anywhere in Sri Lanka by using their usernames and passwords and directly upload files.

Deputy General Manager Collections and Employee Relations, Employees Trust Fund Board, J.M.S.B. Udugama made a presentation on the availability of ETF payments through Commercial Bank's on-line banking platform.