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Showing posts with label National Electronic Toll Collection (NETC). Show all posts
Showing posts with label National Electronic Toll Collection (NETC). Show all posts

Sunday, April 18, 2021

7 Highlights and 7 Benefits of IHMCL RFP for Common Tolling System (CTS)

 

            For Bankers, CTS means Cheque Truncation System, in the near future they have to be familiar with another CTS i.e. Common Tolling System.

            The funds movements between the various stake holders will be via Bank Accounts / eWallets/Pre-Paid Cards or other new payment tools.

            IHMCL has released an RFP for Selection of Vendor for Design, Develop, Commissioning and Operations & Maintenance of Common Tolling Software (CTS)



CTS RFP Highlights: -

Highlight 01) CTS Application will run on Distributed Ledger System.

Highlight 02) CTS Application will have 5 major modules i.e A) General System Requirements B) Finance and Accounts Module C) Integration Module D) Employee Module E) Maintenance Module

 

Highlight 03)     Complete integration with all lane level equipment i.e a)Incident Capture Camera b) RFID Reader c) Automatic Vehicle Classification System (AVC) d) Automatic lane exit barrier e) Recognition camera  f) Induction loop for vehicle detection g) Weigh-in-motion  sensor h) Overhead lane sign / Canopy lane status display (CSLD) i) Toll Collector Terminal g) Credit / Debit / CSC terminal / validator   

Highlight 04) The System is also required to ensure a minimum throughput per hour per toll lane, for the vehicles as per various collection modes a) FASTag __ 1200 vehicles per hour b) Cash __ 240 vehicles per hour c) Smart Card __ 600 vehicles per hour d) Validation __ 600 vehicles per hour

Highlight 05) The primary recovery mode of Toll in CTS is via FASTag. If the vehicle is not FASTag enabled or there is insufficient balance in the FASTag wallet, then toll has to be recovered via Cash, Credit/Debit Card, UPI, Mobile Wallets or any other legal tender

Highlight 06) Provision of Weigh-in Motion Bridge to calculate the vehicle load and levy penalties for overloaded vehicles as CMVR, 1989  provisions.

Highlight 07) Provision for issuance of paper receipts in case of non-FASTag payments.

 

CTS Benefits: -

Benefit 01) Minimal waiting time for travellers at the Toll Gates

Benefit 02) Users can choose to pay in a variety of modes i.e FASTag is the preferred choice. Otherwise, Cash, Credit/Debit Card, UPI, Mobile Wallets or any other legal tender as and when such facilities are available.

Benefit 03) Reward Programs for frequent users can be executed without much hiccups

Benefit 04) Reduction in the overall travelling time, with AI based traffic prediction programs

Benefit 05) Reduction in Turn Over Time to resolve vehicle breakdowns

Benefit 06) Reduced stress for Drivers as the overall journey experience can be predicted in advance

Benefit 07) Minimal disruptions by Toll Operators, as toll passage is deemed free under MoRTH notification no. GSR 427(E) dated 18 January 2018, if at a toll plaza, the FASTag system is unable to read a tag or generate a receipt, passage through the toll plaza is deemed free.

Such a failure could be on account of (1) failure at the back-end at the level of the NETC, in

recording the transaction, or (2) failure at the level of the toll plaza to read the FASTag or classify

the vehicle, or failure to compute the toll collectible, or failure to record the transaction locally.

 This does not apply in case of a defective tag, including tags with insufficient balance

 

            So, toll plaza commuters get ready for an amazing experience as you criss-cross toll plazas across India.

 

Disclaimer: These are my personal views only. The bottom line is Mission ‘#LessCashNotCashless’. Nothing more, Nothing less.

           

 

 

Wednesday, September 12, 2018

Union Bank of India to join National Electronic Toll Collection (NETC)



          Union Bank of India has finally decided to join the National Electronic Toll Collection (NETC) bandwagon.  

Union Bank of India’s Head-Digital Banking has floated a REQUEST FOR PROPOSAL (RFP) for  ‘Selection of Vendor for Implementation of National Electronic Toll Collection (NETC) -Acquiring on OPEX Model’, in September 2018

          Union Bank of India, a Public Sector Bank has its Head Office at 239, Vidhan Bhavan Marg, Union Bank Bhavan, Nariman Point, Mumbai – 400021,and it’s its Digital Banking Department is in the same building on the  7th Floor.

Union Bank of India has a physical presence through its 4200+ branches spread across the country.

Bank has implemented a Core Banking Solution covering all its branches and also extends services to its customers via number of delivery channels like ATM, e-banking, Mobile banking, IMPS , POS, Debit/Credit Cards, Unified Payment Interface (UPI) , Union Selfie &Mpassbook, Ucontrol App for credit cards, Payment Gateway & Access control server solution, Bhim Aadhar, Bharat QR etc.

Now, seeing the potential of NETC, Union Bank of India too has decided to join the same.

Let us wait and see the benefits of NETC to Union Bank of India


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The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
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