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Online payments now the norm

Jun 11 2012 14:16

Company Data

THE BIDVEST GROUP LIMITED [JSE:BVT]

Last traded 333
Change -5
% Change -1
Cumulative volume 353422
Market cap 0

Last Updated: 06-03-2015 at 04:16. Prices are delayed by 15 minutes. Source: McGregor BFA

This is a Bidvest Bank promotional feature

Businesses across South Africa are driving a major foreign exchange trend – the swing to online payments.

As the country’s foreign exchange specialists, Bidvest Bank maintains a multi-channel payments offering. Clients who prefer to operate face to face can organise payments at their local branch. Other clients with longstanding relationships with trusted dealers in the bank’s dealing room may prefer to phone their dealer.

But increasingly, clients are adopting the Bidvest Bank Global Payments Online™ (GPO) platform.

The basic system has proved itself over several years. Bidvest Bank was the first to introduce a web-based realtime payment system. Subsequent developments have vindicated its faith in this fast, reliable and convenient option.

Competitive transaction pricing is a key driver of client take-up, but security, convenience and ease of use support the overall proposition.

Bidvest Bank offers free installation. The system is activated at no charge and clients have no need to modify existing IT infrastructure.

User training is free. There are no hidden costs and no licence fees. Clients pay per transaction in line with the bank’s simple and transparent billing model.

GPO clients are given a user name and password, opening the way to Bidvest Bank's online portal. They can then use the service from any point – anywhere in the world – that offers a secure internet connection.

GPO …

Places and prices foreign exchange orders online
Answers online exchange rate enquiries
Authorises orders in realtime and provides confirmation
Provides market and foreign exchange news
Enables forward cover online
Creates secure payment instructions and gives transactional history
Facilitates automated order and payment confirmations and balance of payment returns.

GPO is fast becoming the norm, thanks to this versatile all-in-one offering.

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