ComBank wins Gold as Best ATM Enabler at LankaPay Technnovation Awards

Commercial Bank Chairman Prof A.K.W.  Jayawardane (centre) and Chief Operating Officer Sanath Manatunge (2nd from right) receive the Gold award as the ‘Best Common ATM Enabler of the Year’ in the presence of (from left) BPC Banking Technology Country Manager Subash Chandra Bowse, Central Bank Assistant Governor R.A.A. Jayalath and Lanka Clear General Manager/CEO Channa De Silva at the LankaPay Technnovation Awards ceremony

The Commercial Bank of Ceylon won the Gold award as the ‘Best Common ATM Enabler of the Year’ at the 2022 LankaPay Technnovation Awards recognise frontrunners of payment technology innovation in the country. 

The Gold award was presented to Commercial Bank in recognition of the Bank’s achievement of being the ATM acquirer with the highest growth volume per ATM compared to the previous year, facilitating the highest ATM transactions as the card issuer, and recording the least scheduled and unscheduled bin downtime. 

The Bank’s entire ATM network is equipped to accept LankaPay cards and is connected to the common ATM switch (CAS).

The Bank also won three Silver Awards for ‘Best Bank for Retail Payments,’ ‘Most Innovative Bank of the Year’ and ‘Best Acquirer on LankaPay Online Payment Platform’ as well as the Merit Award for ‘Overall Excellence in Interbank Digital Payments’ at the fourth edition of this event.

The Commercial Bank of Ceylon was the first bank in the country to enable its entire automated teller machine (ATM) network to acquire and process ATM transactions through the EMV (Europay, Mastercard, and Visa) integrated circuit, and the first to activate its entire EMV chip card base (Debit and Credit cards) to perform secured EMV transactions through the LankaPay ATM network, making it possible for the Bank’s own cardholders to securely perform transactions using other bank ATMs connected to the LankaPay network.

Commercial Bank is also one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept LankaPay-JCB (Japan Credit Bureau) co-branded cards issued under the national card scheme programme. 

Organised by LankaClear Ltd., the operator of LankaPay national payment network, the LankaPay Technnovation Awards are Sri Lanka’s pioneering and only payment technology innovation awards. The initial shortlisting of institutions eligible for awards was carried out based on the performance of individual banks, non-banking financial institutions, and FinTech service providers, against set criteria.