FCMB boosts e-payment with Finacle 10

First City Monument Bank Limited (FCMB) has said that holders of its MasterCard, Visa and Verve payment cards are in for seamless service following the full implementation of its recently-introduced technology solution called Finacle 10.

In a statement by the bank, intending holiday makers will now have access to over 850 airport lounges around the world with their priority pass card available only to MasterCard cardholders since the cards are acceptable all over the world.

The bank said it had also invested in the acquisition of a robust infrastructure and security to meet its customers’ expectations, while maintaining stakeholders’ trust in the FCMB brand.

As the bank explained, the technology has enhanced its cards’ high approval rate.

“Compared to generically issued cards, the FCMB’s MasterCard, Visa and Verve payment cards (Verve is for local transactions only) are configured in variants that suit different lifestyles, usable by all segments of the society and are quite easy to activate,” the statement added

“We have a robust product suite for businesses and individuals alongside our award-winning service culture; we are leveraging diverse capabilities by investing extensively in channels to reach more customers,” it noted.

The lender said its customers were currently embracing alternative payment channels at an impressive rate.

The Group Head, Cards and Electronic Banking, FCMB, Mr. John Iwuajoku, was quoted to have said, “We have set our eyes on providing robust products and facilities that meet the demands of today’s innovative environment and complex desires and experience of our teeming customers in order to provide them with flexible options for maximum benefit and excellent long lasting customer experience.

“This is very important to us. The comfort we are promising our customers with our cards includes increased transaction limit even in the face of other institutions shutting down their international transactions.

“Ours give access to much more than moderate transactions with subsisting exchange rates reflected on transactions executed with all the FCMB cards anywhere in the world.”

According to him, the advent of financial innovation such as smart card, credit card, electronic transfers in the payment system space and the launching of Internet banking have transformed the world into a global village linked by electronic impulses.

The statement said further, “Even if an individual is not a customer of the bank, we have re-emphasised that all travellers and holidaymakers can as well cash-in on these opportunities.

“Our cards are issued instantly when an account is opened. The bank also has its pre-paid card in all card types, MasterCard, Visa and Verve (used within Nigeria only) for customers who do not wish to open current or savings accounts with the bank.”