First City Monument Bank has partnered with NetPlusDotCom, a fintech company and payment service provider to develop and deploy a notification service for merchants that enables account transfer payment notification on Point of Sale devices and merchant apps.

According to the fintech company, the service, running on the NIBSS Instant Payment platform, would make it easier for merchants with an FCMB account and their customers to transact on existing PoS payment infrastructure already provided by the bank.

With the challenges posed by the outbreak of the COVID-19 pandemic, it said, payment service providers and financial institutions had gone the extra mile to make financial transactions more secure, safer and easier for all segments of the society.