NEW PAYMENT SYSTEM

 

The new payment system consists in a payment order given by telephone to a special bank (CiberBank). Its maximum charge accepted is one hundred times the amount at the bank's disposal, which is the equivalent of the sum of the deposits plus the payments of shares and obligations.

The cost in order to prepare the system and to make it work on all the planet is of approximately fifty million of Euro and will be covered from the account holders of actions and obligations emitted from CiberBank. Each account holder will be able to arrange charge operations by selecting a predefined vocal and inviolable access code. After been recognised through the vocal access code, the account holder of CyberBank will be able to carry out payments by telephone in favour of other account holders of any bank.