Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- Bank Nizwa introduces in-house electronic cheque clearing solutions  Join our daily free Newsletter

MENAFN - Muscat Daily - 10/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Muscat Daily) Bank Nizwa, Oman's leading Islamic bank, has become the first bank in the sultanate to implement an electronic cheque clearing solution which enables the bank to clear cheques drawn in Bank Nizwa between all of its branches without any hassle.


The bank has partnered with leading technology company ProgressSoft Corporation to offer speedier cheque clearing to its customers through imaging technology which reduces the time required for payment of cheques. The technology, known as PSECC PromptOnUs, enables Bank Nizwa customers to enjoy instant cheque collection and deposit as they receive image based deposit slips and can easily track their cheque transactions online.


Dr Jamil el Jaroudi, Bank Nizwa, CEO, said, With the success of introducing this new service to our Core Banking System, we are confident of adding to the technology to increase the benefits to our customers. We eagerly anticipate innovative platforms such as Corporate Remote Cheque deposit and capture on our ATM network and very soon our customers will be even able to clear their cheques via our online banking system.'


Dr Yousef Janahi, head of IT, Bank Nizwa, said, At Bank Nizwa we believe that technology is the way forward for an easy banking experience. Through this technology our customers can enjoy an easier way to make payments and be assured of having their cheques cleared faster. We continuously assess the market to see what technological advancements are available to make our customer's experience richer.


The Prompt OnUs product ticks all the boxes and our entire team here is very excited to see it in action.' The technology reduces the associated costs of transit and delays in processing and also ensures that the collection and realisation of cheques is seamless.


It is a worthy addition to the banks high end technology which includes instant cheque readers, instant card readers, instant issuance of master card and its Civil Identity Card reader, all of which highlight the bank's commitment to the success of next generation banking procedures which will make banking easier and safer for its customers.

 
 


Muscat Daily




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help