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Showing posts with label Other Safe ePayment Alternates. Show all posts
Showing posts with label Other Safe ePayment Alternates. Show all posts

Sunday, June 23, 2013

Icici bank has 61 electronic branches pan india


            As on date, ICICI Bank has opened 61  24x7 Electronic Branches all over India.

These Electronic Branches are one-stop shops for banking transactions, with the aim to make banking simple, effortless and convenient.

These branches are at ICICI Bank customers’ service round-the-clock, 365 days of the year.

They are equipped with self-serviced automated devices, so this branch  provides customers  the flexibility to transact and interact at customers’ convenience.

The electronic branch offers the facilities of a cheque deposit machine, an interactive kiosk through which internet banking services can be accessed easily by just swiping a debit card, a cash deposit machine with instant credit facility.

In case customers require any help, there is 24-hour video conferencing facility with ICICI Bank’s customer care personnel.

The Electronic Branches will enable more ICICI bank customers to access Internet Banking and Phone Banking in a safe branch environment. This should swell the alternate channels transactions vis-à-vis normal branch transactions.


Saturday, September 1, 2012

SMS based Political Donations – Is America ahead of India?



This Newsflash from Finextra.com ‘Obama campaign taps payvia for text message-based donations’, motivated me to write this blog post.

          In the run-up to the US Presidential elections, the Presidential candidates are searching new ePayments modes to attract donations to their campaigns.
         
          Obama’s donation campaign via SMS messages is one such mode.

This is in addition to the Card donations via Square, which both Obama and his opponent Mitt Romney have already launched.

          If readers remember Aamir Khan’s ‘Satyamev Jayate’, one of the modes for fund raising was through SMS messages.

          The campaign was fairly successful and apart from the funds collected, the ePayment mode attracted attention around the world.  As on date, no other Indian NGO or Political party has adopted this ePayments mechanism.
         
          Hence, it was a bit of surprise, to note that Obama’s campaign team has adopted the SMS Message mode to attract donations from supporters. The same approach is expected to be adopted by Mitt Romney’s team.

          The first instance of SMS being utilized for a major fund raising program was for Haiti January 2010 earthquake victims.

          The 2012 American Presidential elections will be the first major political event to innovatively tap the power of SMS based donations.
          The chief variation between the Indian and the American model is that in India, Donations can be made via the Prepaid or the Postpaid plans. In America, the donations can be made only on the Post paid plans.

          Another difference between the Satyamajayate campaign and the American campaign is the cap on the maximum amount.
The maximum cap was Re1/- in India, whereas in America for political donations it is $10 a message and $50 a month.
         


          The USAs’ FEC (Federal Election Commission) had approved this new ePayments mode only in June 12, and within a very short time, the American political parties have adopted it.

          The TAT time or the Pass-through window, during the Haitian campaign was 90 days. Hopefully, with recent technological developments, the 90 days timeframe will shrink to 20-30days.

          Which Indian Party will adopt this ePayments mode first?

          Unique Indian requirements:-
01)   ‘cancel’, future payments option.
02)  Post paid plan – In case the bill is overdue/not paid by the consumer, what will be the status of the SMS donation?

Any other requirements to be kept in mind?

Saturday, March 31, 2012

02/04/2012 – RTGS/NEFT are closed, but there are other alternates.





5 alternates for Safe ePayments on 02/04/2012

  1. IMPS – Interbank Mobile Payment Systems. With 37 banks on the IMPS network, IMPS is the best alternate.

  1. Credit Cards – Use carefully, keeping in view your billing cycle.

  1. Debit Cards – Shop till the amount available in your account.

  1. Visa Card-to-Card Transfer - Accessible via most Indian Banks ATM's or Netbanking

  1. Master Card-to-Card Transfer - One more option for bank's customers.

So, what mode do you intend to access on 02/04/2012

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