DFCC Bank iConnect facilitates real time CEFTS payments for Corporate Clients

Adopting cutting-edge technology, DFCC Bank PLC a leading commercial bank in Sri Lanka, recently introduced the Common Electronic Fund Transfer System (CEFTS) payments facility through its payments and cash management online platform for corporate clients, DFCC Bank iConnect.

DFCC Bank’s CEFT payments enable swift and secure real-time fund transfers, which allow its customers to perform faster domestic interbank transactions at their convenience, whilst not depending on the bank’s cut-off times

Developed using state-of-the-art technology, the innovative DFCC iConnect platform provides high-quality payables and receivables solutions in the industry, catering to a range of institutional clients. Providing an extremely secure platform in par with top international payment networks, DFCC iConnect allows its customers to route transactions via CEFTS at a click of a button, 24/7 and 365 days of the year.

By bridging the gap between seamless transactions and modern convenience, a clients’ finance, and treasury units can now be in control of their immediate cash flows and obtain full visibility of their liquidity.

Sheron Mendis, Assistant Vice President, Payments and Cash Management DFCC Bank elaborated “DFCC iConnect delivers many distinctive advantages for corporate and SME clients, including the convenience of automating, controlling and streamlining their payments and settlement processes.

The system’s wide range of payments services such as digital cheque signing, SLIPS, CEFTS, RTGS, salary payments with automatic EPF settlements, utility bill payments, and foreign wire transfers through Telegraphic Transfers are some of the offerings extended to our customers.