Mercantile Bank, Data Edge sign deal
Wednesday, 2 September 2009
Mercantile Bank Limited has signed an agreement with Data Edge Limited for implementation of BACH (Bangladesh Automated Clearing House) programme, said a press release.
Under the deal, Data Edge will supply and install MICR (Magnetic Ink Character Recognition) cheque processing software and necessary hardware, which will scan MICR cheque and exchange data with Bangladesh Bank Automated Clearing House.
Deputy Managing Director and Chief Finance Officer of Mercantile Bank Limited Monindra Kumar Nath and Managing Director of Data Edge Limited signed the agreement on behalf of their respective organisations in the city recently.
Among others, Managing Director and Chief Executive Officer of Mercantile Bank Dewan Mujibur Rahman, Additional Managing Director AKM Shahidul Haque and Deputy Managing Director Md Abdul Jalil Chowdhury were present at the agreement signing ceremony, the release added.
Under the deal, Data Edge will supply and install MICR (Magnetic Ink Character Recognition) cheque processing software and necessary hardware, which will scan MICR cheque and exchange data with Bangladesh Bank Automated Clearing House.
Deputy Managing Director and Chief Finance Officer of Mercantile Bank Limited Monindra Kumar Nath and Managing Director of Data Edge Limited signed the agreement on behalf of their respective organisations in the city recently.
Among others, Managing Director and Chief Executive Officer of Mercantile Bank Dewan Mujibur Rahman, Additional Managing Director AKM Shahidul Haque and Deputy Managing Director Md Abdul Jalil Chowdhury were present at the agreement signing ceremony, the release added.