Dhaka, Bangladesh (BBN)– BRAC Bank Limited has launched Internet Banking service that can be custom tailored for its corporate clients to enable them to effect wide array of transactions just by a click over Internet that will speed up business operations.
Ms Nazneen Sultana, Deputy Governor, Bangladesh Bank, formally launched the service at a program at a city hotel in the city on Monday. Syed Mahbubur Rahman, Managing Director & CEO; Mahmoodun Nabi Chowdhury, Head of Corporate Banking; and senior officials of BRAC Bank Limited attended the program.
This is the first such service among private local banks in Bangladesh for corporate entities that facilitates payment services through fund transfer, bulk payment including salary disbursement, standing instruction set up within BRAC Bank network. BRAC Bank has plans to expand the service so that companies can send L/C requests. Once Bangladesh Electronic Fund Transfer Network (BEFTN) integration is up this payment services will be expanded for domestic transfers within banking group network. 
With BRAC Bank Internet Banking, companies can set up automatic bill payments, initiate future dated transactions apart from getting account statement, transaction history and viewing pending and rejected transactions. In coming days, the companies will also view summary of outstanding L/Cs and Bills with amounts in preferred currency. 
BRAC Bank Internet Banking is fully safe and secure as globally used technology of two factor authentication – OTP (One Time Password) is deployed that generates random passwords for each transaction. 
 
BBN/SSR/AD-18Sept12-12:40 pm (BST)