•
access their funds anywhere from any
between banks. For corporations, it is
of the participating banks’ ATMs.
ideal
e-Debit, enables the purchase amount
payments such as payroll payments. As
to be immediately deducted from the
for
savings or current account direct into
transactions
the
payments and loan repayments. It
retailer's
or
merchant's
bank
•
•
high
volume
individuals,
it
such
is
as
ideal
for
credit
better cash management and peace of
individual or corporation, a secure
mind as all transactions are PIN based.
interbank fund transfer system/channel
In addition, the new card is embedded
for all sorts of payments through direct
with a sophisticated, tamper-resistant
debiting of the customers' account(s)
smart
and crediting into the beneficiaries
to
protect
consumers
customers,
be
card
offers
chip
bank
interbank
account. This provides consumers with
it
an
account; with all participating banks.
against the risk of fraud.
•
for
Mobile Prepaid Top-Up via ATM, offers
•
Financial Processing Exchange (FPX),
more convenience for mobile phone
opens new doors for e-Commerce, in
subscribers to top-up through BEPS’
particular business to business (B2B)
ATMs.
and
Interbank ATM Fund Transfer (IBFT),
payments.
allows bank customers to transfer funds
payment channel for customers to
from one account to another account in
make payment at e-market places such
another bank. The beneficiary will
as websites and online stores as well as
receive the funds immediately and
for corporations to collect bulk payment
instantaneously, as the transfer is
from their customers. It leverages on
online and in real-time.
the
Interbank Payments, makes interbank
funds transfer more convenient to bank
customers via an electronic channel. It
enables payments to be made without
the need to raise physical supporting
vouchers
or
documents
such
as
cheques, bank drafts, etc. It is an
interbank fund transfer system that
facilitates payments and collections via
business
to
FPX
Internet
commerce
is
an
banking
(B2C)
alternative
services
of
participating banks and provides fast,
secure,
reliable,
payment
processing.
complete
transactions,
real-time
FPX
end-to-end
resourceful
online
provides
business
payment
records, simplified reconciliation and
reduced risks as fund movements are
between
established
financial
institutions.
the exchange of digitized transactions
Belize ICT National Strategy
48