NEWS

Launch of the *123# Service (Beta2)

*123# - Get to your account by using your mobile
Bank of commerce and development is pleased to announce the launch of the *123# service, which has just completed its pilot phase successfully, and aims to provide an outstanding level of access to customers' accounts.
This new service enables our customers to transfer money, pay bills, shop for goods using their mobile phone.
This service is based on USSD technology which can be considered as the safest and fastest technology in the world for mobile banking services.

The Advantages of *123#

• It doesn’t not require an advanced mobile device to use *123#, the service works on all devices.
• USSD does not require the mobile device to have credit; all USSD messages are free of charge.
• USSD is a highly secured protocol, there is no information stored on the phone, or at the mobile provider.
• With this service, Shopping and money transfer could be done immediately and at any time (24/7).

*123# features

• Transfer money from the customer account to any account in bank of commerce and development.
• Transfer money from the customer account to cash.
• Top up customer mobile directly from their bank account.
• Buy prepaid cards for the following companies:
• Madar mobile phone.
• Libyana mobile phone.
• Internet cards from Libya telecom & Technology.
• Payments of electronic bills.
• Payment of Zakat (Islamic charity).

Bank of Commerce & Development
17/03/2010