Zenith Bank Launches Four New E-Products
 3rd NOV 2006

The Managing Director of Zenith Bank Plc, Mr. Jim Ovia provided the rationale for the launching of four new e-products of the bank yesterday.  According to Ovia, it is imperative for every institution to embrace e-business to ensure enhanced returns to shareholders and technological growth of companies.

The four products launched simultaneously include, Alert3, Automated Direct Payment System (ADPS), (Automated Payroll Systems and Service Payroll) and 1-Bank.

Alert3 is a suite of transaction notification, which keeps Zenith customers abreast of transactions on their accounts through text messages on mobile phones and e-mails.

On the other hand, ADPS is an on-line payment system, which meets the needs of corporate account holders who may want to give payment instructions to stipulated account holders such as staff, contractors and suppliers.

The system can address payments to Zenith account holders, foreign transfers and inter bank transfers, and it runs on the internet, which ensures that payments can be made to or from any part of the world.
Payroll is an electronic platform for payment of salaries and it takes away the issue of late payments of salaries from employees.

On the other hand, I-bank is an internet banking package that allows customers to view real-time transactions and account balances, download and print account activity report, make transfers to Zenith and non-Zenith accounts and make bulk payments to suppliers, contractors or employees.

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