| 12.9.2005 |
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| Third-Party Payments via ATM |
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| The Bank of Israel reports that the Supervisor of Banks, Mr. Yoav Lehman, has authorized the banks to expand the use of Automated Teller Machines (ATM) by allowing customers to make payments to third parties. This is another step in the Supervisor’s actions to make bank services easier to use and to allow customers to perform banking transactions after ordinary banking hours. |
| The Banking Supervision Department explains that the new transactions via ATM will allow customers to instruct their banks to make payments to municipal authorities, the Israel Electric Corp., gas and communications companies, and others. Until now, payment orders could be given only at tellers’ counters or on-line. |
| These new transactions expand the range of banking services that customers may obtain via ATM: printouts of account statements and information, cash withdrawals (NIS and foreign currency), depositing of checks and cash, issue of deposit instructions, and ordering of checkbooks. |
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