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CCAvenue:: Overview of Payment Processing Service for India - 20 million new customers for CCAvenue merchants! Avenues and Syndicate Bank sign a net banking agreement
Corporation Bank now offers a range Online facilities to Account Holders

May 27, 2008 - Mumbai.

“Our aim is to emerge as the most preferred bank with global standards in Financials, Efficiency, Technology, Products and Services.” - Corporation Bank

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 a profitable, debt-free company and currently services thousands of eMerchants worldwide through its solutions,,,, It is the largest integrated eCommerce solutions provider in South Asia. Avenues has shown revenue growth and profit growth consistently, year on year. Avenues is incorporated in India, and has offices in Singapore, Hong Kong, and USA. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 120 personnel, spanning across all disciplines. For more information, log onto:

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.

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