StanChart, PHP Family sign corporate payment agreement

Posted by BankInfo on Thu, Jun 25 2015 10:11 am

Abrar A Anwar, CEO of Standard Chartered Bank, Bangladesh, and Sufi Mohamed Mizanur Rahman, PHP Family Chairman, are signing a corporate payment agreement at Radisson Blu Chittagong Bay View Hotel recently.

PHP Family has recently signed a Corporate Payment Agreement with Standard Chartered Bank at Radisson Blu Chittagong Bay View Hotel.
Under the agreement, PHP will avail Standard Chartered Bank’s state-of-the-art ‘Onsite Cheque Printing’ solution to make payment through an end to end automated cheque issuance facility using ‘Straight2Bank’, the internet-based platform of the bank.
PHP will also use EFT Network (BEFTN) for making payment electronically using the same platform. Under this fully automated arrangement, the cheque/payment processing time will be reduced significantly and will help PHP to increase efficiency.
Abrar A Anwar, CEO of Standard Chartered Bank, Bangladesh, and Sufi Mohamed Mizanur Rahman, PHP Family Chairman, signed the agreement on behalf of their respective organisations, says a press release.

News:Daily Sun/25-Jun-2015
Posted in Banking, News

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