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2002 |
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July 2, 2002 * UTI i-Connect Net Banking payment option now available
on CCAvenue
July 2, 2002. There is good news for UTI iConnect
Net Banking Account Holders. You can buy goods and services of
hundreds of ResAvenue's
appointed merchants sites and pay directly through your UTI I-Connect
net banking account. This is now possible because UTI's latest
tie-up with ResAvenue.com,
India's first neutral online payment gateway.
ResAvenue.com
currently offers integrated payment gateway services of leading
financial institutions like HDFC Bank, Amex, and accepts credit
payment through the most respected international brands such as
Amex, Mastercard, Diners and Visa cards. What makes ResAvenue
unique is that it is India's first online payment gateway that
conducts the entire transaction in Rupees.
Mr. Vishwas Patel, CEO of ResAvenue.com
mentioned, "We had been in talks with UTI for quite some
time. To us, this tie-up is a very exciting event, as this will
give our merchant members businesses to reach a whole new set
of resident Indian customers; and the numerous NREs and NRIs who
hold UTI is high esteem." ResAvenue
have started providing UTI I-Connect net banking payment option
from 1st July, 2002 onwards; following integration and careful
testing.
ResAvenue's
merchants have further access to thousands of UTI's account holders.
This itself is a fair reflection of the huge need gap that this
online payment gateway service is filling. With the markets showing
a gradual upswing, ResAvenue
seems to be charting the right path, as it quietly builds its
network for the better times to come.
About UTI Bank
UTI Bank was the first of the new private banks to have begun
operations in 1994, after the Government of India allowed new
private banks to be established. The Bank was promoted jointly
by Unit Trust of India, the largest mutual fund in India, Life
Insurance Corporation of India (LIC) and General Insurance Corporation
Ltd. and its four subsidiaries viz. National Insurance Company
Ltd., The New India Assurance Company, The Oriental Insurance
Corporation and United Insurance Company Ltd. Presently the Bank
has a very wide network of 145 branch offices, 27 Extension Counters
and 22 service counters. The Bank has a network of over 516 ATMs
providing 24hrs a day banking convenience to its customers. This
is one of the largest ATM networks in the country. The Bank has
strengths in both retail and corporate banking and is committed
to adopting the best industry practices internationally in order
to achieve excellence.
About CCAvenue
Established in the year 2001and headquartered in Mumbai, India,
ResAvenue
provides turnkey e-commerce solutions to hundreds of e-merchants
across India. ResAvenue
is the preferred Indian payment-processing service for e-commerce,
providing server-based payment solutions, enabling merchants to
process secure transactions in real time, 24 hours a day. The
company's service is powered by proprietary technology that integrates
online payment processing, fraud control, financial reporting
and tracking. ResAvenue's
Payment Solutions process credit cards and net banking transactions
and work with any business model, including Internet call centers
and retail. ResAvenue
has also formed strategic alliances with leading financial institutions
and technology partners to deliver the most comprehensive online
authorisation and processing services available to Indian eMerchants.ResAvenue's
secure, complete and leading-edge payment services maximize growth
at every stage of a merchant's business lifecycle.
For more information about ResAvenue,
visit the company on the world wide web at
www.ResAvenue.com
or call (022)-26000816/46 and 26491524.
