Highlights

Our main aim is to relieve you of the burden and cost of large scale, repetitive but nonetheless highly important tasks of making various routine and other payments and so enable you to focus on your core business without worry.

• Routine payments made easy
• Automate payment of your employee’s salaries
• Ease of making payments to suppliers, dividends payments, ETF/EPF payments and more
• You can also carry out bulk utility payments, payment of building rent, and insurance premium

Paymaster is capable of executing multiple payments through a single mechanism from employee salaries to supplier payments, interests, dividends, agent commissions and any other.

You can also upload your ETF/EPF contribution and surcharges by way of cash and drafts.

Use Paymaster and benefit from its security and convenience, without the usual hassle of paying with cash and cheques.

Features

• Paymaster is capable of executing multiple payments through a single mechanism from employee salaries to supplier payments, interests, dividends, agent commissions and any other.
• You can also upload your ETF/EPF contribution and surcharges by way of cash and drafts.
• Use Paymaster and benefit from its security and convenience, without the usual hassle of paying with cash and cheques.
  
• Speed and safety
  
  Speed - Recipients having accounts with Commercial Bank will receive money instantly while others having accounts in other Banks will get their accounts credited on the following working day.
  
   Safety - The encryption software provided will ensure prevention of data tampering and guarantees safety of the data transmitted.

Benefits

• Paymaster will eliminate the risk involved with transporting and manually packeting large amounts of cash
• You can save time and resources spent on issuing, processing and posting of cheques or drafts and other payment orders
• Benefit from the instant disbursement of payments
• Reduces the overall transaction costs
• Greater reach via the largest computer linked banking network in Sri Lanka, connecting you to the entire network of branches and ATMs of Commercial Bank

Procedures to apply and to use

Collect a Paymaster application from any branch of Commercial Bank or download one from this web site, complete and submit it to the branch where you maintain your account.

After your application is processed and registered, we will issue encryption software and a soft file containing the payment instructions format.

User ID and a password for the encryption software will also be issued.

After registering, you can simply complete the payment instructions format, encrypt and send it across to the bank by email, diskette or CD along with the authorisation to debit your account.

You can check the status of any transaction, from anywhere at any time by simply login into Commercial Bank Online Banking.

For more information our customers can contact us through the following information;

Phone      : +94 112 353 580/ 582/ 588/ 592/ 593/ 594, +94 112 353 480 / 481

Fax        : +94 114 718 241

Email      : srp@combank.net

Key Facts Document »

Terms & conditions apply

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.