While the internet age introduced
the concept of ibanking, with the rapid developments being made in wireless
devices, mbanking is providing another convenient way for people to manage
Sybase 365 is partnering with FirstCaribbean
International Bank to allow its customers to manage their finances over their
The new service gives FirstCaribbean
customers a way to bank without needing to visit a branch and without the need
for a home Internet connection.
“Our partnership with Sybase 365
allows us to deliver the best possible mobile banking products to our customers
throughout the region,” said Chief Administrative Officer, FirstCaribbean
International Bank Mahes Wickramasinghe.
“FirstCaribbean is dedicated to
offering cutting-edge solutions for our customers, and through our work with
Sybase 365 we will be the first regional bank to launch such an innovative
Using the free service, FirstCaribbean
customers will be able to check account balances, get balance alerts, transfer
money, and monitor recent transactions. Additional features will be available
in the future.
In addition, FirstCaribbean customers
in the British Virgin Islands and Turks & Caicos Islands can now pay for
goods and services anywhere in the world from their chequing or savings
accounts with the new FirstCaribbean Visa Debit Card.
Unlike a credit card, this card is
linked directly to a customer’s primary deposit account. Purchases and ATM
withdrawals are automatically deducted from the account.
Each purchase made is detailed in
the customer’s chequing account statements or can be monitored via internet
The cards have universal acceptance at over 22
million merchants and 700,000 ATM locations worldwide and on the internet, wherever
Visa or PLUS logos are displayed. Cardholders will enjoy the Visa benefits of
Travel Accident Insurance, Emergency Medical Insurance, Auto Rental Insurance
(Platinum cards only), Emergency Cash and Emergency Card Replacement, to name a