Sri Lanka, April 21 -- The Commercial Bank of Ceylon has announced that it has entered into a long-term Technology Services Master Agreement with Bancstac, to deploy a secure, compliant, scalable and fully bank-controlled payment processing infrastructure, reinforcing the Bank's leadership in digital financial services.Sri Lanka exports

Commercial Bank will instruct merchants to integrate with itsInternet Payment Gateway (IPG) and associated technology modules to process online and card-not-present transactions. The solution establishes a direct, secured and encrypted connection between the Bank's core systems and Bancstac's payment infrastructure, with no reliance on third-party intermediaries. Both authorisation of transactions and the...