CIBC Caribbean the main monetary establishment within the Caribbean, has launched the Mastercard Pay as you go Card – a safe digital disbursement answer.
The launch of the Pay as you go Card is part of the financial institution’s digital transformation journey with the first goal of accelerating the cessation of cheques. The Pay as you go Card at present serves because the disbursement channel powering the financial institution’s digital disbursement answer developed for Governments, Company and Enterprise Banking shoppers who continuously disburse advantages through cheques.
Governments, Corporates or Companies can self-serve utilizing our On-line Banking portal to request, load and reload funds, and facilitate the seamless processing of disbursements, social advantages, payroll and different funds.
Beneficiary cardholders don’t must open an account to entry the Pay as you go Card and might use it to pay for items and providers, store on-line – regionally or internationally – or in particular person at a Level-of-Sale machine, and to withdraw funds from ABMs.
“This progressive providing is reflective of the financial institution’s dedication to delivering handy, simple and safe digital banking options, whereas fostering monetary inclusion. And with the Pay as you go Card, our shoppers can even profit from a card that’s geared up with Contactless Fee functionality and the Chip & PIN characteristic to offer stronger safety, higher fraud safety and worldwide acceptance.” mentioned Jennifer Fuller, Director, Enterprise Funds, Playing cards and Service provider Companies.
Fuller additionally added “Our technological development in funds means our shoppers, cardholders and retailers could make and obtain funds in a secure, safe, and easy method – inserting energy and comfort of their palms.”
