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Parabank presents â€œCash by Codeâ€ service

18 May 2011 14:46 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Plastic card owners of Azerbaijan Parabank may get cash independently from distance and at the same time without using plastic cards at ATMs.

Bank says that this opportunity can be realized via newly-launched â€œCash by Codeâ€ service.

With this service, card owners can send cash to persons, who do not obtain plastic cards. Cash by Code service gives chance to send cash to persons who do not have plastic cards, without addressing a bank, to receive cash with special code via ATMS and anytime of the day.

Rules of origin of funds: the customer inserts the card into the ATM machine and selects the appropriate language, then enter your PIN. From the menu, select Cash By Code, then select "Send Money" and enter the phone number recipient.

The system generates code in two parts. The first part is printed in the form of a check and retained by the sender, the second part is sent as SMS to any mobile phone recipient. To obtain the cash necessary to enter both parts of the code. The code is active for 24 hours.

Note that, Parabank has been in operation since 1991.