Sunday, February 05, 2012
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Recent News:   

>> All customers holding accounts with FutureBank will receive free SMS Alerts for any financial transactions affecting their account(s), Please visit your branch to apply for this service.         >> The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account Number) by end of January 2012.    Banks will be able to process remittances efficiently and promptly through processing the IBAN of the recipient and will allow the bank customers to make or receive their payments much faster.     
 
 
NEWS
Release Date: 8th Feb 2010

 
Futurebank Introduces ElectraCard Services in Bahrain for Enhanced Customer Experience

Bahrain-based Futurebank has signed an agreement with ElectraCard Services (ECS), a wholly owned subsidiary of Opus Software Solutions to upgrade the bank’s ATM software with the latest EFT solution, electraSWITCH. This advanced payment platform addresses some of the most complex business and technical challenges faced by the banking industry today.

 

 
Dr. Valiollah Seif, Chief Executive Officer and Managing Director, Futurebank, commenting on this technological enhancement said, “At Futurebank, we are continually exploring ways to improve our services. Our ‘still personal’ philosophy in combination with our technology driven solutions is sure to enhance our customers’ experience.”

“This is our first foray into the Bahrain’s burgeoning marketplace,” said Ramesh Mengawade, Chief Executive Officer, ElectraCard Services. “Having tested and perfected our product in 20+ Countris, we are confident that Futurebank’s customers and Bahrain will benefit from our innovative solutions.”

Hossein Rezaee-Head of IT and system said “electra SWITCH is capable of handling utility bills payment, manage airline booking, make credit card payments, insurance payment and much more through their ATM using customers debit card. With an interface and customizable multi-user utility, electra SWITCH is sure to give Futurebank a significant competitive advantage in an ever growing retail marketplace. “

“With Futurebank vision and ECS’s technological expertise, this partnership is set to evolve the payments landscape in Bahrain,” concluded Dr. Seif.

Pune-headquartered ECS, with deep domain knowledge, extensive global experience and core competence in designing, building and maintaining software for the payments industry, is the leading payment systems from India.
 
More News
 
       NEWS
   
  15th Sep 2011
 
All customers holding FutureBank accounts will receive free SMS Alerts for any financial transaction affecting their account(s).

Read More...

 
  12th May 2011
 
The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account No.) by end of January 2012.

Read More...

 
  02nd Oct 2010
  Futurebank welcomes new Cheif Executive Officer
Read More...

 
   
 
 
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