OREANDA-NEWS. On March 04, 2008 Priorbank launched an Internet-Bank system for legal entities and individual entrepreneurs, which allows its clients to receive information on their accounts and on foreign exchange rates at the FOREX trading platform from the internet, reported the press-centre of Priorbank.
 
The service allows to check the account balance and to receive account statements. It is possible to prepare and control the payment instructions from separate buildings which are not connected to the intranet. From now on the authorized companies’ representatives are able to receive information on FX rates, make decisions and execute settlements in foreign currency from any part of the world.
 
The quotation at the FX platform directly depends on the rates on the world market and the amount of the transaction. It allows to implement transactions faster, the quotation reflects the real state of the market and is always more favourable than a phone-call or a visit to the bank. 

During the introduction phase in Belarus, Priorbank provides free subscription to the system and the FX trading platform.
 
A. Pavlovich, Head of Electronic Distribution Channels of Priorbank said: “Taking into consideration modern trends of on-line technologies, the Internet-Bank has a huge potential. Moreover for many companies which execute settlements in foreign currencies, the Internet-Bank with its access to the FOREX trading platform is real boon.” 
 
Priorbank experts actively work on expanding the number of functions of the system, which will be available already in 2008. The bank plans to supply the Internet-Bank with the full spectrum of functions, which are already offered by the existing electronic payment systems. This will allow Belarusian companies to switch to account management from the internet. “It is not a secret that the role of the internet will gain in importance and the Internet-Bank will be able to partially replace the common electronic payment systems”, Pavlovich said.