Karachi: Standard Chartered Bank, a market leader in electronic payments, takes yet another step towards digitization by launching Round the Clock Remote Corporate Cheque Printing facility for its clients across Pakistan. The clients can now print Cheques any time of the day or week at their own premises, through the Bank’s internet based global delivery channel Straight2Bank. While existing options in the market today involve manual processes and authorization which is prone to error and risk, Standard Chartered’s solution is entirely automated with inbuilt security, controls and audit trail features.
Through this solution users have an added advantage in their treasury operations by enhancing control, and bringing further efficiencies to their disbursement processes by managing them centrally in the head office via Straight2Bank; while reducing the turnaround time for delivery of payment to beneficiaries by printing these cheques directly in their own premises in remote or out of town locations across the country.
Commenting on this facility Mr. Majid Aziz, Head of Transaction Banking Standard Chartered Bank said, “This value added service that we have introduced to our clients is a demonstration of our commitment to product innovation that is relevant to clients’ business needs and operational requirements. We hope that this innovation will support our clients’ drive for more operational efficiency and control over their cheque disbursement activities. We are delighted to be the first transaction bank to offer round the clock client on-site cheque printing solution.”
Initial client feedback on the product has been excellent. Muller & Phipps is the first client to use remote cheque printing facility. Mr. Kamran Nishat, Managing Director, Muller and Phipps said, “With the introduction of Onsite Cheque Printing facility at our premises, we are able to enjoy printing at our offices 24/7, a unique solution offered by Standard Chartered Bank. We truly appreciate the commitment of the team to implement this innovative solution, which has helped streamline our payables while completely removing the risks associated with manual processes. We look forward to future innovative solutions from Standard Chartered Bank”
As part of the Bank’s commitment to put its clients’ needs front, the Remote Cheque printing service is available round the clock. Now clients can continue to make cheque disbursements after banking hours.
All our clients in Pakistan have access to this new service via our secure online banking portal Straight2Bank. Standard Chartered bank is happy to bring the benefits of electronic enhancements to our clients, reaffirming our promise to Be Here for Good, and Here for progress.