Corporation Bank Now Offers a Range Online Facilities to Account Holders

Mumbai, India, May 27, 2008 --( Corporation Bank (CorpBank) the No. 1 Public Sector Bank in India is known for its pursuit of new and innovative ways to reach various segments of customers. To further this goal, CorpBank continuously designs new products and services aided by technology, one such initiative undertaken by the bank is ‘Pay through Net Banking’.

Recently, Corporation Bank tied-up with Avenues Pvt. Ltd., the leading eCommerce Company in South-Asia for its solutions, CCAvenue - India's largest neutral online payment gateway, ResAvenue - India's complete reservation engine with an in-built payment gateway for the Hospitality Industry and EventAvenue – a comprehensive online event management solution for the Event Industry respectively.

Through this association, ‘CorpBank’ will gain advanced technology and will be able to provide their account holders with shopping facilities at over 4500 websites. CorpBank customers will benefit as they can now use their Bank Accounts to pay for the goods and services of over 4500 of Avenues' web merchants retailing millions of different types of products and services; they can make and pay for hotel reservations online; and can make online bookings for events and exhibitions.

About Avenues
Avenues is South Asia’s largest payment gateway solution company powering thousands of eMerchants with eCommerce solutions and real time, multi-currency, multiple payment options online payment processing services. All solutions are powered by proprietary technology that integrates industry vertical specific eCommerce tools, transaction processing, advance shopping cart, auction payment collection facility, fraud control, financial reporting and order tracking. All Avenues' solutions are empowered with a complete PG solution that has the unique ability to offer the full spectrum of Internet payment options, including:

All types of Credit Card processing through Multiple Banks and Card Associations
Debit Card processing.
Direct Debit to bank accounts of 20 Indian Banks, 22 Chinese Banks and 3 Singapore Banks
Mobile Payment Solutions via PayMate®
Cash Card Processing of ITZ Cash®

For more information, visit: (for general eCommerce Processing), (for Online Hotel Reservations through the Hotel website), (for Online Event Management solution), (for Online Travel Inventory Solution).

About Corporation Bank
In 1906, Corporation Bank (Corp Bank) was established in Udupi, Karnataka. It is the No. 1 Public Sector Bank in India. In the past 100 years, the Bank has created a unique history of successful Banking and has stood the test of time by growing steadily, offering vast, varied and versatile services with a personal touch.

Corporation Bank has services in different segments like Personal Segment, Trade and Commercial Segment, Small Scale Industry, Large and Medium Industrial Units, Non-Resident Indians, Housing Sector and Export & Import Segment. Presently, the Bank has a network of 943 Branches, 35 Extension Counters and 19 Currency Chests covering 24 states and 2 union territories of the country. The Bank has 933 online-interconnected ATMs spread across the country.

Avenues India Pvt. Ltd.
Davina Braganza
+91-22- 26000816