Integrated Banking Technology has announced that it will deploy SeerGate's Secured Lock System to provide an interbank payment and invoicing solution for its clients.
Secured Lock allows financial institutions to create direct payment and invoicing connectivity among individuals and businesses performing electronic transactions. It lets banks offer payment and invoicing connectivity for social network communities, e-marketplaces, small businesses payments collection and direct billing functionality. Further, Secured Lock facilitates financial transactions in real-time without any sensitive personal and financial information being exposed, exchanged or transmitted over the Internet. This capability is supported by a fully-integrated program of tracking, monitoring and rules-based transaction with a full invoice management system.