OREANDA-NEWS. The Bank of Moscow expands its Cash Management product line and starts providing its new product — an Agent’s Card. The product is intended for bank clients — legal entities or individual entrepreneurs, who sell goods/provide services through an agent network, consisting of individuals (agents, sales representatives, etc.).

With the help of Agent’s Card an agent network of a client can transfer proceeds in real time in cash (in Russian roubles) to the client’s bank account without visiting the office of the Bank of Moscow. Additionally, the Bank automatically identifies the revenue of an agency network in the context of agents and concluded contracts and provides the client with electronic extended statement of his bank account, containing "Registry Number" (concluded contracts) columns and Agent data.

Advantages of a new product: accelerated turnover of funds; reduction of operating costs, connected with the storage and transportation of cash; operational financial statements in context of regions, products, groups of agents, etc. An agency network receives the access to a wide range of products and services, rendered by the Bank of Moscow to individuals.

"One of the competitive advantages of the Bank of Moscow is the availability of not only a wide range of modern and specialized payment products for corporate clients (Cash Management), but also a continued development of products, taking into account the needs and wishes of our customers. Our new product is an innovative approach to the collection of sale proceeds of corporate clients of the Bank in the form of cash, it will also be useful, among others, to insurance companies, distributors of goods and consumer services," — commented Sergey Mednov, the Member of the Board of the Bank of Moscow.