On Monday, the Jerusalem Post reported that the Israeli Central Bank is offering to help Israelis understand the difference between “receipts” and “tokens” and will also provide information on how to pay bills.
The Central Bank of Israel, which has been accused of violating the rights of millions of Palestinians, issued a press release announcing that the bank has offered a “pre-packaged solution” to its customers.
The Bank will “offer the following services: [a] pre-packaging service for individuals who require assistance in understanding the difference of two terms: Receipt and token.
[b] a simplified process for individuals: Receive a receipt, write your name and date of birth on the card and return the receipt, with a token to pay.
[c] a process for companies: Receptits are sent to the sender’s bank account, which will deduct the amount from the balance in the bank account.
This will be used to pay for the purchase of goods and services.
[d] a post-paid service: Reception and token can be exchanged for other payment methods.
[e] a service to businesses: Receiver and token will be exchanged and returned to the bank, while the amount in the recipient’s account will be deducted.
[f] a customer service service: Customers can call the Bank at the address listed on the receipt and ask for assistance in their matter.
The bank will provide an answer in the form of a postcard.
This postcard will be opened by the customer.
The postcard is returned to sender, with the sender receiving the receipt.
The sender then needs to write his name, date of the birth and his address on the return receipt and return it to the recipient.
If the recipient wants to return the return, the recipient should write his address in the postcard and return his receipt to the post office.
If this is not possible, the sender can return the item to the customer in person.
The customer can then pay in the amount of the original receipt.
For each transaction, the customer is responsible for the payment.
The amount of each transaction is calculated on the basis of the total amount of receipts received by the recipient and the amount returned.
[g] a payment service for businesses: [h] a paperless payment service: The post-pay service is free for individuals.
It provides the service of exchanging receipt and token for other forms of payment, as well as for the use of the bank’s online system.
The user has the option of paying by phone, email or bank transfer.
[i] a pay-at-home service: [j] a bank transfer service: If a customer does not have a bank account or if a customer is a resident of Israel who is not an Israeli citizen, the post-transfer service will be available for the transaction.
The Bank will deposit the amount into the customer’s account in the name of the customer, which can be used for any purpose in the future.
[k] a banking service for employees: [l] a credit service: For employees, the Bank will accept checks, credit cards, debit cards and cash.
[m] a prepaid credit card: For customers with an account balance of more than $10,000, the bank will accept prepaid credit cards.
[n] a free credit card service: Free prepaid credit and debit cards can be accepted for purchases and payments.
[o] a mobile payment service that is available in all of Israel: [p] a toll-free number for online banking: The number will be accessible for customers and employees.
The toll-Free number will provide information and assistance in the following areas: [i) to pay a bill by phone; [ii] to pay by mail; [iii] to check a bill; [iv] to request an appointment to see a doctor; [v] to make a request for a refund; [vi] to cancel a subscription; [w] to enter a discount code; and [x] to complete an online transaction with a merchant or business partner.
[Source: The Jerusalem Times]