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Enterprise Bank’s card named best payment product

By BusinessNews Staff on January 7, 2014

Enterprise Bank Limited’s MasterCard Verve has been named the ‘best transaction payment product of the year 2013’ by the Institute for Government Research & Leadership Technology.

A statement by the bank quoted a former President of the Nigerian Bar Association, Priscilla Kuye, who is also the institute’s Chairman-In-Council, as handing over the award to Enterprise Bank’s Taiwo Omoyeni and Nelson Ochonogor at the annual programme entitled African Products Forum.

Kuye said the MasterCard Verve was singled out for recognition because of its acceptability in the market place and its unprecedented patronage within the short period of its introduction.

According to the bank, the winning product is an international brand of MasterCard, which was launched a couple of months ago in partnership with MasterCard and Interswitch.

The card is accepted worldwide as a means of payment for goods and services at over 30.9 million MasterCard locations and over 1.9 million Automated Teller Machines in more than 210 countries.

The statement quoted the Head, Corporate Communications, Enterprise Bank, Olusola Longe-Okenimkpe, as saying, “With the Enterprise MasterCard Verve, transactions can also be consummated in the currency of the country as long as the card is linked to the customer’s naira account. The successful rollout exercise follows a strong bid by the bank to guarantee convenient banking services to its growing clientele.

“The Enterprise MasterCard Verve is available at all our branches for easy pick-up by customers with active accounts in the bank while those customers reactivating their accounts and the new ones have the card as part of their ‘Welcome Pack’”

The bank said the process of collecting the card had also been simplified to ensure quicker delivery upon the completion of the relevant e-business form.

In addition, the bank said all existing Verve Card holders, whose cards had expired, would automatically be migrated to MasterCard Verve as soon as they concluded the renewal process as demanded by the bank.

While thanking the Institute for Government Research & Leadership Technology for the honour done to the bank and its product, the statement reiterated that upgrading to the Enterprise MasterCard Verve was also part of the commitment by the bank to boost the cash-less initiative in the country.

[Punch]

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