Combank pioneers credit card settlement via Internet Payment Gateway

Commercial Bank of Ceylon has introduced another first in online banking in Sri Lanka, making it possible for the bank’s credit card holders to settle outstanding card balances via its Internet Payment Gateway (IPG) using another local bank

debit or credit card. The facility allows Commercial Bank credit card holders to make online payments between Rs.100 and Rs.200,000 at a time in settlement of outstanding balances, the bank said.the bank’s cardholders simply enter their Commercial Bank credit card numbers on the designated web page, followed by a registered email address. They are then redirected to the Commercial Bank Internet Payment Gateway page on which the details of any local Visa or Mastercard can be fed in to make a payment.

Payments will be instantly updated against the available balance of the Commercial Bank credit card and are secured with 3DS protocol, an additional authentication layer on top of the internet transaction, the bank said.

With this facility, which is accessible any time of the day or night from anywhere in the world, Commercial Bank credit cardholders need not visit branches or automated deposit machines to settle their outstanding amounts as they can pay their monthly outstanding instantly via the Combank online webpage at a nominal fee.commercial Bank cards are the fastest growing cards in Sri Lanka and enjoy market leadership in credit and debit card cumulative point-of-sale usage.

The bank offers a variety of Credit Cards in the Silver, Gold and Platinum tiers of both Visa and Mastercard as well as Visa Signature, World Mastercard and Visa Infinite cards in the premium segment. The cards are equipped with ‘Tap n Go’ NFC technology and are backed by a strong NFC Point-of-sale (POS) network.