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Federal Bank receives MasterCard awards

federal-bank-logo-HDFederal Bank has won MasterCard Innovation Awards 2016 under the categories ‘Debit Cards Initiatives’ and ‘Acquiring Business Initiatives’. The bank won the award in the Debit cards Initiatives category for the launch of Soft PIN service, which enables the bank’s customers to set PIN for their debit cards through its ATMs thus enabling customers to activate their cards even without visiting branches. The award in the category Acquiring Business Initiatives is for its Easy Payments Fee Payment portal, which facilitates any institution that subscribes to the service to accept online remittances apart from the normal branch remittance. Federal Bank AGM & regional head for Pune Jose K M received the awards from MasterCard South Asia area head Vikas Varma.

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