The current flagship project of the Foundation is an education scholarship scheme for bright but less fortunate children who are facing difficulties in paying school fees for secondary education. Co-operative Bank Foundation was established in as a registered trust in recognition of the need to enhance the existing Corporate Social Responsibility CSR initiatives by the bank.
The roll-out is awaiting final regulatory approval. Using Finovatesoftware developed by US-based Quisk, Nadeen Matthews, chief digital and marketing officer, said the mobile money solution will enable customers to leverage their mobile phones to send money to family and friends and pay for goods and services.
The cashless and cardless solution, using multiple encryption levels and with other security features, allows cellphone users to have a mobile wallet for spending and transfers, using only their phone number and PIN.
It does not require a smartphone. Money transfer and point-of-sale spending limits were not shared. NCB, on January 18, also introduced cross-banking, another digital solution which allows customers to transfer funds to other banks using its online platform.
Matthews noted that cross-banking allows customers to make same-day Jamaican dollar transfers to other local financial institutions. Customers will no longer need to visit the branch to conduct these transactions and they are also more affordable online.
These transactions are also more secure than cash transfers and faster than cheque transfers," she said. Matthews, who was appointed to her new portfolio in latesaid that the digitisation initiative also included online account opening and remote cheque deposit capture offerings which will all be in the market by February In February, a new online portal will allow customers to initiate account opening and application processes for loans, credit cards, deposits, investment and insurance products with ease.
Next month as well, the bank will introduce remote cheque deposit capture, a digital solution which allows business customers to scan and upload their cheques for same-day credit. NCB said it had also introduced a new mobile tablet application for sales persons — Zap In — which was launched in December This ensures customer applications are input in a timely manner and reduces the level of manual work required by the sales persons upon returning to office after sales visits," Matthews noted.
Other things to look out for in include free Wi-Fi in branch locations for NCB customers, it was noted. The officer said that the new mobile money product is not the same one as that piloted with the Development Bank of Jamaica some three years ago.
AIS is a local IT company. Quisk is a global mobile payments technology firm based in Lousiville, Kentucky in the United States.
The digitisation programme, Matthews said, is aimed at "primarily enhancing the customer experience and thereby ensuring customer retention and loyalty," when asked about revenue impact.
But it is also expected to "enhance efficiency, productivity and the general long-term viability of the organisation," she added.Bank of America Jamaica Plain is a nationwide bank that comes to every client's financial needs.
Located in Jamaica Plain on Centre Street, Bank of America Jamaica Plain is the preferred bank .
The Co-operative Bank Foundation is the Co-operative Bank's vehicle for social responsibility. The current flagship project of the Foundation is an education scholarship scheme for bright but less fortunate children who are facing difficulties in paying school fees for secondary education.
National Peoples Cooperative Bank of Jamaica February – July (3 years 6 months) Jamaica, West Indies. Manage overall operations and business affairs of the leslutinsduphoenix.com: Currently seeking to offer my .
National People's Cooperative Bank of Jamaica Ltd. Other Affiliations Rex H.
James is affiliated with IFS School of Finance, Jamaica Bankers Association, National Investment Bank of Jamaica, National Commercial Bank Jamaica Ltd., NCB (Investments) Ltd., NCB Insurance Co. Ltd., NCB Group Ltd., Access Financial Services Ltd., National.
The National People’s Cooperative Bank of Jamaica (NPCB) is reporting that the value of its assets increased to $ billion during This is a 14 per cent increase on the $ billion recorded in Members’ net savings and deposits grew from $ billion to $ billion during the. Commonwealth Cooperative Bank is a $ million thrift located in the Hyde Park section of Boston.
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