Capital & Credit to launch Internet and debit card services

Published: Wednesday September 24, 2008

In a move aimed at increasing points of access for its members and consequentially increase its customer base, Capital & Credit Group has announced plans to launch internet and debit card services by March 2009.

"We have been increasing our branch network, we decided in order to support the brick and mortar access points that we needed to expand our reach for our customers," said Michelle Wilson-Renolds, senior vice-president group marketing and corporate affairs on the new services. "We are doing a suite of exciting products for our customers and they should be available between now and the first quarter 2009."
The bank is not disclosing the cost of implementing the services. But it is currently testing these products internally.

"I am unable to say at this time. But of course it is a huge investment that more," she said.

The bank has been steadily growing since its inception in the '90s. And these services will facilitate the growth of its customer base. The bank made $588 million for six months this year versus $499.8 last year. The merchant banking arm of the group contributed approximately 65.7 per cent of the group's profit, and its loan Income for the quarter grew by 20.3 per cent.


Source: Jamaica Observer
http://www.jamaicaobserver.com/magazines/Business/html/20080923T210000-0500_140472_OBS_CAPITAL___CREDIT_TO_LAUNCH_INTERNET_AND_DEBIT_CARD_SERVICES_.asp