05 October 2010

Sri Lanka Com Bank Internet Payment Gateway Opens to Small and Medium Enterprises (SMEs)

04th October 2010, www.lankabusinessonline.com

Sri Lanka's Commercial Bank said it has enhanced its Internet payment gateway to provide new functionality for small and medium enterprises (SMEs) to offer secure e-Commerce and m-Commerce solutions to customers.

The payment gateway, hosted by MiGS (MasterCard Internet Gateway System), offers many features that facilitate SME type transactions, without the complexity and costs of existing e-commerce structures, a statement said.

"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."

The 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."

More Info:
Commercial Bank Internet Payment Gateway offers new functionality

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