Imperial Bank Offers E-Payment service through
Paynet Kenya
Imperial Bank has entered into an agreement with
Paynet Kenya to provide an electronic solution
for the processing and transmission of salary
payments.
This is through Corporate Payments, an automated
service designed to deliver a secure and efficient
method for the transmission of financial data
between a financial institution and its corporate
customers. The service replaces the current paper
and diskette exchange of financial data between
organizations.
Representing the two institutions at the agreement
signing ceremony was Abdul Janmohamed, Imperial
Bank Managing Director and Bernard Matthewman,
the Group Managing Director, Paynet Limited.
During the ceremony, Mr. Janmohamed said, “The
service will enable us offer an efficient and
seamless management of our corporate customer’s
payroll instructions.
Bernard Matthewman said, “Paynet Kenya
is in the business of offering e-banking solutions
to the financial sector and we are happy to partner
with Imperial Bank in providing the ‘Corporate
Payment Solution’.
The Corporate Payments solution has numerous
benefits, including high-level security as the
data transmitted is scrambled using world class
encryption technology. It also eliminates time
wastage and reduces errors associated with paper
processing. The process is quite accurate as data
is validated before it leaves a customers computer
so that most common errors are entirely avoided.
Paynet Kenya presents opportunities for improved
customer services, providing free software installation
for corporate end users, plus technical, marketing,
training and customer support.
Corporate Payments is Paynet Kenya’s premier
outsource e-banking service offered to financial
institutions. Other services offered by Paynet
Kenya are ATM Network Management, Card Processing
Centre, WagePoint, an ATM based wage payment service
and Consulting Services.
Imperial Bank is also a member of the PesaPoint
ATM network, which is fully managed by Paynet
Kenya.
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