Bizbits

StanChart8217;s electronic banking

MUMBAI: Standard Chartered Bank StanChart on Wednesday announced its launch of electronic banking, and payment products in the country. These new facilities will enable StanChart8217;s customers to initiate transactions electronically with in-built state-of-the-art security features, and complement the bank8217;s existing cash management offerings like reporting services, and cheque collections. StanChart8217;s electronic banking interfaces have two variants: Electronic Banking Services for Windows EBSW8217; and National Payment Services NPS8217;. EBSW will offer benefits like transaction and balance reporting, initiation of transactions for issuance of cashiers orders and bank drafts, as well as domestic and cross-border fund transfers. It will also customers to communicate with the bank through secured e-mail, and operates on a customer-friendly Windows-based customer workstation.