The service also provides the method of profit transfer of funds into KFH agent's accounts in local banks, rather than progresses of internal money transfer between companies' accounts and using electronic cheque book. Agent is able to participate in "Fax On Time" and SMS service to follow account movement.
Agent (Company or Establishment) is provided with token machine upon its subscription in financial online service with a symbolic price for purchasing the machine; and that to maintain more security for account password. It's the first time to use this new technology in local banks. Token machine includes high security specifications; for example password is changed automatically every minute upon using the service and ability to launch more corroboration machines if demanded.
Al- Gaith continued: companies who will to participate in this service are required to have an active bank current account in KFH, plus pin number for cell phone service. Company should have limited responsibility while participating in this service. Mr. AL- Gaith asked every company to take advantage of this online service.
He continued saying: "subscription is free for this service if request is presented by agent himself through KFH website www.kfh.com and visiting E- Corporate section, then filling a form and signing it in nearest KFH branch to activate subscription and to get the Token machine to begin electronic transactions. Agent is asked to present official documents such as approved commercial license and establishment contract, civil number certificate of the company, and civil ID photo copy of authorized employees and commercial registration certificate.