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Date:16/05/12

Azerpoct switches over to issue of bank statement

Azerpoct postal operator will issue a bank statement instead of receipts when paying for utility bills, Azerpoct reported.

The process of issuing a bank statement is completely computerised. The statement will be issued by the system as soon as the payment is completed and the funds paid by the consumer, go to account. The procedure is identical to the statement issued by banks today.

"The complete transition to the issuing bank statement is expected by the end of the month," the company said.

The new system complies with the principle of transition to a unified structure of the International Bank Account Number (IBAN). The main objectives of IBAN is the improvement of the identification of bank customers' accounts in the field of electronic payments, increased automation of payment processing and eliminating fragmentation in the structure of bank accounts currently in use.




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