Faysal Bank Limited, one of the most progressive banks in Pakistan, adds value to its alternate distribution program with the launch of various innovative services on its ATM network. Recently, Faysal Bank has moved leaps ahead with the launch of Third Party Funds Transfer (3PFT), Inter Bank funds Transfer (IBFT), Utility Bills Payment and Presentment (UBPS) and Cash Deposit Automation solution.
Using 3PFT, the banks’ customers will be able to transfer funds to own accounts, beneficiary accounts, or make open-ended funds transfers within the same bank. Similarly the bank has also introduced IBFT an extension of 3PFT; this will enable its customers to transfer funds from one account to another account in a different bank over 1LINK ATM network.
Faysal Bank has implemented UBPS, a facility that will allow bank cardholders to pay bills over ATM of all the utility companies interfaced with Faysal Bank. Moreover, the bank will also interface with 1LINK UBPS solution for availing data access of the utility companies that are signed with 1LINK.
As a step to further enhance their electronic consumer banking services, Faysal Bank has acquired TPS CDM solution enabling it customers to deposit cash through selected Faysal Bank Cash deposit machines. TPS was one of the first companies globally to develop a comprehensive solution for leading real time cash deposit ATMs which facilitate multi-currency instant cash recognition and account/beneficiary credit.
“Implementing a wide set of new e-Banking services has given Faysal Bank the competitive edge in offering convenient and innovative services around the hour to its existing and potential customers. Consequently the bank will also enjoy substantial cost reduction, higher revenue generation and operational efficiency at the branches. We look forward to working very closely with TPS to further strengthen this mutual relationship”.
Mr. Samih Khan.
