Tuesday, August 6, 2013

Common ATMs, a win-win for all stakeholders

The launch of a Common Automated Teller Machines (ATM) Switch between all the commercial banks in Sri Lanka will encompass an advantage to all banks irrespective of their size whilst offering the much needed convenience to customers, an industry expert says. As the first step towards fulfilling this objective, the national payment infrastructure provider LankaClear, last week launched the first phase of the Common Card and Payment Switch (CCAPS), under the brand name LankaPay – Common ATM Switch (LankaPay – CAS) between Sri Lanka’s two large state-owned commercial banks, Bank of Ceylon and People’s Bank.

The Nation’s Azhar wins Business Journalist of the Year

Deputy Business Editor of The Nation Azhar Razak bagged the Business and Finance Journalist of the Year 2012 Award at the annual Journalism Awards for Excellence 2012 competition jointly organized by The Editors’ Guild of Sri Lanka and the Sri Lanka Press Institute held last week. Here, Azhar (right) displays the coveted award which was earlier presented to him by Senior Journalist and the Editor-in-Chief of the Daily FT in Sri Lanka Nisthar Cassim at the Awards ceremony held at the Empire Ballroom of the Mount Lavinia Hotel. Meanwhile, Roshan Ahangama of our sister publication Rivira won the Merit Award for the Sports Journalist of the Year