Corporation Bank Partners With ECS For Direct Tax Payment Via ATMs

ElectraCard Services (ECS), a provider of software solutions for electronic payment systems, has facilitated Corporation Bank’s recently launched tax payment facility through ATMs. Corporation Bank is now offering a service to its customers to pay direct tax through their ATMs on registering for the facility.

When the customer uses the bank’s ATM to pay tax, the ECS system carries out the PIN verification and fetches the relative tax template details from the bank’s server after due authentication. Following this, the system will send the tax payment transaction with the tax amount entered by the customer and this amount will be debited to the customer’s account and the tax payment account will be credited. On completion, the customer will get a receipt with the transaction details.

Ramesh Mengawade, CEO, ElectraCard Services, said, “The Income Tax department is initiating various friendly measures for tax payers, which not only provide convenience to the tax payers but also encourage banks to give added facilities to their customers. With Corporation Bank extending this facility, we are happy to provide the technology support, which will ensure smooth and secure transactions to tax payers”.

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Corporation Bank has been associated with Opus Software Solutions (the parent company of ElectraCard Services) since the year 2001 when Opus provided electraSWITCH for the Financial Transaction Switch Centre (FTS) for the bank’s ATM network.

B R Bhat, general manager, IT, Corporation Bank, said, “The bank is keen to take this partnership forward by implementing various customer-centric products and services and in this direction has drawn up plans for some key deliverables in the near future. The bank is also looking at the ECS Payment Gateway solution, electraECOMM, to strengthen its e-commerce initiatives and to enhance the efficacy, efficiency, flexibility and scalability of its electronic commerce channels.”