Commercial Bank upgrades Corporate Online Banking

Monday, 25 August 2014 00:00 -     - {{hitsCtrl.values.hits}}

  •  Adds new facility that allows viewing of deposited cheques
Corporate customers of Commercial Bank’s Online Banking service, now enjoy several new benefits with the latest release offered via This includes the latest security enhancements for the benefit of the bank’s corporate customers such as two layer login; secure image upload where a user can upload a favourite image in to the Online Banking portal so that it would be displayed when signing on, facilitating verification of the site prior to entering a password; and a virtual key board that gives the user the option to use an on screen key board to avoid stealing of passwords. This latest release has many other value additions, the bank said. It is capable of allowing single/dual or multi-level authorisation facility for payments, helping large companies to automate many of their payments. The system is also capable of applying payment limits according to the signature rules of various companies. Further, this system is also capable of allowing corporates to schedule their bill payments to be effected on a future date/actual due date. Viewing images of deposited and presented cheques is also possible now for users of this facility. This is the first time a bank in Sri Lanka has enabled its customers to view images of their deposited clearing cheques through an online banking platform. Registering of regular payment beneficiaries and executing payments to them 365 days of the year is also now possible. Submission of Letter of Credit applications with supporting document uploading too is possible. The bank has also enabled a corporate administrator facility for companies to manage theirinternal user authorities as and when required, conveniently without having to contact the bank. “The enhanced benefits in our new release will be greatly enjoyed and appreciated by our corporate customers, and re-iterate our commitment to customer convenience,” said Commercial Bank Deputy General Manager – Corporate Banking Marion Abeywardena. The personal version of Commercial Bank’s Online Banking service already enables customers to apply for fixed deposits, personal loans and housing loans, check balances of their current, savings, investment, loan, and credit card accounts, and to transfer funds between own accounts and to registered third parties who have Commercial Bank accounts, on a real-time basis around the clock. The Online Banking service also supports bill payments to more than 36 entities in nine categories such as Telephone, Electricity, Water, Credit Cards, Insurance, Pay TV, Schools and Rates. Based on a leading technology framework, Commercial Bank’s Online Banking service offers exceptionally user-friendly menus, and benchmark security and encryption features.