Wednesday, October 29, 2014

ETC to go live in India on October 31st, 2014

            The end is over, the test phase is over. Now it is time to go live.

On October31, 2014 Shri Nitin Gadkari, India’s Highway Minister will inaugurate the Electronic Toll Collection system
            Due to unavoidable issues, the launch was postponed from October 27 to October 31.

"The launching of the Electronic Toll Collection (ETC) system has been rescheduled. The Union Minister of Road Transport & Highways, Shri Nitin Gadkari will now inaugurate the system on October 31 instead of October 27," an official statement said.
            The pilot project for Interoperable ETC system of 10 toll plazas between Mumbai (Charoti) and Ahmedabad was successful and seamless ETC on this section is successfully in operation.

            The live roll-out is planned completed on the Delhi-Mumbai route via Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.

            ETC has already been installed at 55 Toll Plazas and their integration with Central Clearing House (CCH) operators has almost been completed.

The central government has issued orders to incorporate ETC lanes as a mandatory clause in the contracts awarded for all the highways projects in future.

"Action will be taken to include ETC system by means of supplementary agreement in those projects which have not yet been started," the statement said.

Necessary amendments have already been made in the Central Motor Vehicle Rules, 1989 for fitment of Radio Frequency Identification tag on vehicles for ETC.

In order to remove the bottlenecks and ensure seamless movement of traffic and collection of toll as per the notified rates, Government had constituted a committee on Electronic Toll Collection technology for use on National Highways under the chairmanship of Shri Nandan Nilekani, Ex-Chairman, Unique Identification Authority of India.
The Committee's mandate was to examine all technologies available for ETC and recommend the most suitable technology for local conditions. Considering user convenience, rate of acceptance and ease of implementation, the passive Radio Frequency Identification (RFID) based on EPC, Gen-2, ISO 18000-6C Standards for ETC technology was adopted by the Government.

Once the Toll Plaza is migrated to ECT mode, it will have a dedicated lane for RFID fitted vehicles.  A fine will be levied on Non-RFID vehicles entering the dedicated lane. This fine is expected to discourage non-RFID vehicles to migrate to RFID mode quickly.


The IHMCL core message is: “Experience the freedom of near non-stop movement through toll plazas and the convenience of cashless payment of toll with our nation-wide interoperable Electronic Toll Collection Services”.


Monday, October 27, 2014

Do you have tried out RuPay @ Flipkart, Amazon, Jet Airways, Snapdeal?

            India’s own Payment Gateway – RuPay is adding new online players to its portfolio. Diwali is the biggest motivator for Indians to purchase new goods. This year, the online players took the fight direct to the offline field, by launching mega offers.

            To gain the maximum traction, NPCI signed mega deals for RuPay to be accepted at major online eCommerce portals.

            The main advantage of RuPay cards from a Safe ePayments angle is that the cards are accepted only in India. Thus, RuPay cards do not attract the online criminals.

Sr No
Type of Bank
No of Banks issuing RuPay Cards
01
Public Sector Banks
26
02
Private Sector Banks
09
03
Cooperative and Gramin Banks
203

            Yes, now customers of Cooperative and Gramin Banks too can enjoy the joy of Online Shopping.  

            RuPay through its PaySecure features offers additional feature beyond RBI’s mandated 2 Factor Authentication. 

Sunday, October 26, 2014

IIBF Clarification on Classroom coaching




            In the recent past, IIBF has introduced blended courses for the benefit of banking community. Blended courses comprise an Online Examination and a Classroom Learning workshop.

            The Classroom workshop can be taken only after the successful completion of the Online examination.

            To encourage the learners to complete the Classroom learning, IIBF has clarified that the same has to be completed within 15 months from the date of declaration of the results of the respective blended certification course.

            At present, the following are the Advanced Blended Certificate Courses:


Well, in  case a candidate fails to complete the prescribed classroom learning within the stipulated period, in order to complete the course, the candidate would be required to RE-ENROLL himself/herself for the online examination foregoing the credit for the subject/s passed in the earlier online examination/s.

The rules are clear, so go ahead and plan your studies.


             


Friday, October 24, 2014

31 Bharatiya Mahila Bank Branches opened, 50 Plus on the way


            The BMB has signaled its presence in 31 Indian locations. In the next 12 months or so, 50+ Branches are scheduled to be opened. Customers can also transact through its 30 ATMs.

            The citizens of the following locations can expect to see the physical presence of BMB branch very soon.

            Mysore, Madurai, Mangalore, Bhopal, Haridwar, Cuttack, Model Town-New Delhi, Vadodara, Ghatkopark-Mumbai, Pune, Coimbatore, Calicut, Mahububnagar, Nawanshahar, Jalandhar, Solan, Trichy, Vijaywada, Kakinada, the list goes on …………….

           Adding a feather in its cap, Bharatiya Mahila Bank Ltd  bagged the Core Banking System Initiative Award of the year 2014 by the Asian Banking and Finance - Retail Banking Awards 2014, Singapore.

The Bank has automated almost all the processes and will soon be launching internet banking and mobile banking services. The internet banking of the Bank, will be offering certain first of its kind, value added services.


            

KayPay – The new ePayment tool on the Block

            We Indians are getting spoilt for choice with new ePayment Tools being introduced every week.

            The latest ePayment Tool for ePayment users is Kotak Mahindra Bank’s KayPay

            KayPay was launched just before the Diwali season. KayPay rides on NPCIs’ IMPS (Instant Payment Service) to bridge the gap between the receiver and the sender.

            The other major component ot KayPay is Facebook. The receiver should have a Facebook account and also authorize KayPay tool to access the complete details of the receivers Facebook account.

            Well, yes this is a social harvesting technique but this is the price for free transactions.

            To secure the transactions,  KayPay’s mechanism involves a two-step authentication process — the Facebook user ID and a one-time password. Notification of transfer will be sent through Facebook messages and SMS.

            Before the funds can be transferred, a one-time registration of your existing bank account on Facebook or at www.kaypay.com is required


            If your bank is not on list of KayPay participating banks, do inform them through Facebook, customer service line, mail to customer service. Yes, you should demand

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