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In 2008, Sonali Bank had a loss of nearly 40 billion taka but the managing director of the bank, S. A. Chowdhury, predicted the bank can make a profit within five years. [12] On 22 May, BM Bakir Hossain, top union official of the Sonali Bank Employees Union, was sentenced to 13 years' jail and fined 1 million taka for corruption. [14]
Universal Pension. The Universal Pension ( Bengali: সার্বজনীন পেনশন) is a system of the Bangladesh Government's pension arrangement. Benefits vary depending on the age of the individual and their contribution record. Anyone can make a claim, provided they have a minimum number of qualifying years of contributions.
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, [1] was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh ...
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer -based systems, without the direct intervention of bank staff. Funds transfers are the primary mechanism used by the business community for fast and ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific ...
Mono-Bank – requires that a merchant have a separate connection to each participating financial institution. [ 14 ] A third category, also known as “overlay payment solutions” provide a similar consumer experience to Online Banking ePayments, but violate a key tenet of the OBeP definition by requiring the consumer to share their online ...
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.
Accepted payment methods. Credit or debit cards. American Express. Visa (credit or debit) Discover (credit or debit) MasterCard (credit or debit) PayPal (for most online purchases) Direct debit is no longer available for active accounts, however, it can be used to pay past due balances, with a $7 fee.