Barclays launches 'Easy Cash Management Solution'

Global banking major, Barclays today announced the launch of 'Easy Cash Management Solution' in India, a service that would enable clients access to a slew of customised products.The bank would offer three products — direct debit, invoice matching and reconciliation and post dated cheque management — under the solution and the services will be linked through internet banking, a press release said.      

"With the launch of 'Easy Cash Management Solution', we now have the most comprehensive offering designed to make commercial banking an exclusive experience," Barclays Global Retail and Commercial Bank's Managing Director, India, Samir Bhatia said.         Under the direct debit, Barclays customers can receive payments directly from their customers and dealers into their account.  

Invoice matching and reconciliation enables customers to reconcile their invoices with the collections made by the bank, it said.         Post dated cheque maangement provides a unique beneficial service to customers by handling the process of PDC management, including warehousing through vendors, the release said.