Bank Bali taps online payment

Bank Bali taps online payment

JAKARTA (JP): Publicly listed Bank Bali launched on Wednesday
a new online payment system amid uncertainty over the prospect of
its recapitalization program.

Bank Bali will provide secured Internet real time payment
processing for customers who purchase goods through the Internet
by credit card.

The bank is collaborating with Telkom's e-commerce division,
portal operator Agrakom, web developer Kemangnet, Internet
service provider DNet as well as Visa and MasterCard in providing
the service.

Bank Bali was taken over by the government last year after the
bank's former owner, the Ramli family, failed to secure approved
investors to help finance its recapitalization.

The bank's recapitalization, scheduled to be completed late
last year, was delayed after Rudy Ramli sued the central bank and
the Indonesian Bank Restructuring Agency (IBRA) for forcibly
taking over the bank.

Rudy won the legal battle, but the central bank and IBRA
appealed to the Supreme Court.

The government said the recapitalization program was expected
to be implemented before the end of June, or when the bank
resolved its legal problems. (cst)