#2MillionIMPS – Idea 2 to Idea 5

          Link to Idea No 1

          Please drop in at the Event Page. In case you require reminders leave a comment, and will remind you on 25/12/2015

          The only focus is #2MillionIMPS on 25/12/2015-Nothing More, Nothing Less

Idea No 2

          Headline – Ramanavami celebrations: this year, mandali turns to public for funds

          Theme – Annual Musical Extravaganza

          Link to website – @ https://www.fundmandali.org/

          Link to News article 1

          Link to News article 2

          Facebook Page

Idea No 3

          Headline – Donate to your Alma-Mater

          Theme – Giving back too who has moulded you

          Indian Institute of Ahmedabad

          Indian Institute of Technology, Kanpur

          7 Reasons Why You Should Give Back to Your Alma Mater

          Nandan Nilekani, Rohan Murty contribute Rs 1.5 crore for welfare of ex-staff at Bishop Cottons Boys School

Idea No 4

          Headline – Surprise your old acquaintances

          Theme – Refresh memories of your old Beneficiaries in your Net Banking Account

          As a security feature, most Banks permit fund transfer only to registered beneficiaries in Net Banking.

          You must have created beneficiaries but not transferred funds for a long time.

          Surprise them with initiating IMPS transactions on 25/12/2015

          State Bank of India IMPS

                                                      Idea 5

          Headline – Pay your Bills through IMPS

          Theme – Utility Bills can be settled through IMPS

          Mahesh Bank UTILITY BILL PAYMENT SERVICE

          IMPS P2M

         

         

         

         

#2MillionIMPS. Curtain Raiser on 25/12/2015

          This is my humble endeavour to spread the Joy of Safe ePayments in India.  There are a lot of committed enthusiasts contributing their best towards Safe ePayments.

          The approaches may be many, but the target is the same i.e Safe ePayments.

          At this moment, I have solely started this journey. In the coming days, look forward to new fellow travellers.

          The target is to motivate Indians residing all over the world to initiate 2 Million Plus NPCI_IMPS transactions on 25/12/2015.  

          The Date:  25/12/2015

          The time: 12:01 to 23:59

          The transaction Channel: NPCI_IMPS

          The target: #2MillionIMPS

Join my Facebook Page for further updates.

          Over the next few posts, ideas to reach #2MillionIMPS will be uploaded.   

   

Idea 1: Chennai Flood Relief Appeal

3 variants-Silver, Gold, Diamond. 3 IMPS transactions to be executed.

Silver - INR51, INR52, INR53

Gold - INR101, INR102, INR103

Diamond – INR151, INR152, INR153

Quote:

Chennai Runners’ heart goes out to all the communities affected by the devastating floods in our home city. We’ve postponed our flagship event The Wipro Chennai Marathon 2015 scheduled to be held on Sunday, December 13th and immersed ourselves into relief and rehabilitation work across the city.

As one of the many initiatives we will take for Chennai, we ask you, a well-wisher of Chennai Runners, to contribute generously to any one (or more) of the below three deserving charitable trusts doing on-ground work. We hope that as one large running community, we can help Chennai get back on its feet!

A)    Bhoomika Trust:

A specialist NGO working in the areas of Disaster relief and recovery and also leading the Chennai Rain Relief consortium of organizations working round-the-clock for the last week. Read more about them here: bhoomikatrust.org

Contributions in Indian Rupees can be made online through IMPS  towards Bhoomika Trust (with 80G Tax Benefits):

Account Number: 006010100609760

Banking Institution: Axis Bank, RadhakrishnanSalai, Chennai

IFSC Code: UTIB0000006,MICR Code: 600211002

Please send an email to bhoomikaindia@yahoo.co.in regarding the donations information and include "Disaster Relief" in the subject.

B)    AID India:

AID India was founded in 1996 to work on various development initiatives with Education as a thrust area. In times of disasters, AID India works actively on the ground arranging for relief operations through its extensive network. Read more about them here: www.aidindia.in

Contributions in Indian Rupees can be made towards AID India (with 80G Tax Benefits):

Please visit www.aidindia.in/donate for details on how to make your contribution

C)    Shreyas - By The Hindu:

Shreyas is a charitable trust set up and governed by the The Hindu specially to support the rehabilitation of those affected by the floods. ‘Chennai Rising’ is the parent campaign by The Hindu to mobilize support for Chennai.

Contributions in Indian Rupees can be made online through IMPS towards Shreyas (with 80G Tax benefits)

Account Name: SHREYAS

A/c no: 1023814676,Bank: Central Bank of India,Branch: Mount Road

Our mailing address is:

The Wipro Chennai Marathon

2f, Dewside Manor,58, McNicols Road, Chetpet

Chennai 600031,India

 Unquote  

       

HDFC Bank and Zumigo join hands to fight ATM frauds

          Majority of ATM cash withdrawals are through Debit Cards. The CNP (Card Not Present) alternate modes are not still popular in India.

          It is observed that majority of the frauds at ATM happen through compromised cards\information.

          The key feedback received from customers affected through ATM fraud is that they were not present in the ATM cabin at the time of the cash withdrawal.

          To minimise such instances, HDFC Bank with over 12,000 ATMs has decided to deploy Zumigo’s Assure Radius™ solution to detect suspicious transactions at its ATMs.

          Zumigo released the Assure Radius™ solution in India in August, 2015 .

          Since then couple of Banks and other organisations were beta-testing the product.          

          HDFC Bank is the first bank in India to announce deployment of  Zumigo’s Assure Radius™ solution at its ATMs.

          HDFC Bank in association with National Payments Corporation of India (NPCI) will roll out the pilot project at select ATMs.

          According to this technology, the Solution will be able to map a customer’s location using that person's smartphone.

If the ATM card is being used at a location which is at a different location from the phone, then it will raise an alert.

The major assumption that the customer’s Smartphone and the associated Debit Card are carried by the same person.

There are no statistics available with regard to Non-Account holders withdrawing cash with genuine ATM cards.

The bank is yet to lay down rules about the distance between the ATM where the transaction is taking place to classify as a Safe Transaction and the mobile phone or whether it will be available to all debit card holders etc.

Based on customers, call-centre, branch team feedback fine-tuning will be carried out.

An awareness campaign on the benefits of carrying the Registered Mobile Number Smartphone and Debit card is in the pipeline.

Wanted Digital Banking Partner for 100 year old Lalbagh Flower Festival

The LALBAGH FLOWER FESTIVAL is one of Bangalore’s highlight and is eagerly awaited by a large number of followers. Over 200 editions of LALBAGH FLOWER FESTIVAL have been over so far. Every half-year a new unique theme is chosen and show-cased to Bangalorean’s.  The event not only attracts Bangalorean’s, but also visitors from nearby districts.

          The main flower display is in the Glass Garden and is a photographer’s delight. Families jostle each other for the best shot. The best photos are immediately shared via Facebook, Instagram and other photo sharing apps.

          In a year, Lalbagh hosts two flower shows. The first one is in January during the Republic Day week and the second one in August during the Independence Day week.

          The seeds of the LALBAGH FLOWER FESTIVAL were sown in 1912 with the first edition kicked off, when G.H. Krumbeigel took over as superintendent of Lalbagh.

          Every flower show over the last 100 years has a unique theme. The themes have ranged from  Taj Mahal, Eiffel Tower and the Namma Metro, Royal Mysore Palace, Mysore Dasara procession, Fort and Statue of Liberty, Bangalore Palace, Buddha Stupa  all  portrayed in flora.

Another unique feature about  LALBAGH FLOWER FESTIVAL is that it is  the only one flower show in the country that displays potted plants

The Glass House which houses the main theme replica is  modelled along London’s Crystal Palace.

          The preparations for the next edition of LalBagh flower show begin as soon as the current edition gets over.

          The main decision is on the edition’s theme. Once the theme is finalised, the preparations kickoff. As the show is spread over 10 days, the flowers should be fresh throughout this period.

          The theme is made public two weeks before the official inauguration to build up interest in the flower show.

          On an average, 5 lac visitors throng the flower show, with the maximum rush on the weekends.  

 

          07 Reasons for a Digital Banking Partner: -

01)  Differential ticket pricing for normal and week ends

02) Differential ticket pricing for kids and adults

03) 100 + shops selling organic produce, jams, pickles, handicrafts

04) 50+ refreshment stalls spread over the garden selling cut fruits, fruit juice, bhel puri etc

05) Parking fees for 4 wheelers

06) Opportunity to introduce basic banking to school children

07) Focussed branding opportunities for banks.

The way ahead:

          No tenders will be called, the Relationship Managers of interested banks can contact on the following addresses:-

The Directorate of Horticulture - Lalbagh, Bangalore-560004.

 Karnataka State, India. Phone: +91 80 26571925 Fax: +91 80 26578072 

The Deputy Director of Horticulture (Gardens)   - Lalbagh, Bangalore-560004.

Karnataka State, India. Phone:  +91 80 26578184

Challenges:

• ·       No major visible challenges once the Government department is on boarded
• ·       Majority of the vendors will be having bank accounts, so only a minimal number of vendors will be required to be on boarded into the banking channel
• ·       mPOS/POS terminals cost, as the business period is only for 10 days.

Audio compass article on the Lalbagh Flower Show

School children visit to Lalbagh Flower Show

What can be offered:

01)  Online ticket sales platform.

02) Limited edition Debit cards embossed with  Lalbagh images.

03) Limited edition Debit cards embossed with Lalbagh  flower show theme.

04) Double reward points for shopping with debit cards in the Lalbagh garden area.

05) Special preview facilities for tickets brought through online platform.

Mouth-Watering INR 54,000 crores (USD826.10 crores) can be routed through ePayments!!

          As on date, Mobile operators in India have to adhere to the below TRAI guidelines, with effect from 01/01/2016:-

RELIEF TO CONSUMERS FOR CALL DROPS

16. Measures to provide relief to consumers. - Every originating service provider providing Cellular

Mobile Telephone Service shall, for each call drop within its network,

(a) Credit the account of the calling consumer by one rupee:

Provided that such credit in the account of the calling consumer shall be limited to three dropped calls in a day (00:00:00 hours to 23:59:59 hours);

(b) Provide the calling consumer, through SMS/USSD message, within four hours of the occurrence of call drop, the details of amount credited in his account; and (c) in case of post-paid consumers, provide the details of the credit in the next bill.”

          Negotiations between the Mobile Operators and TRAI have commenced and any amendments if any will be released shortly.

          One of the paragraph in the letter to TRAI states as under: “The annual industry compensation due to dropped calls may range from ₹10,000 crore in case 10 per cent of subscribers claim compensation to ₹54,000 crore in case 50 per cent of subscribers claim the same. This amount would represent up to 37 per cent of the industry’s annualised adjusted gross revenue in case of 50 per cent claims,” .

          As per rough estimates the ratio between Prepaid and PostPaid connections is 80:20.

          This 80:20 ratio translates into a huge opportunity for Safe eTransactions to be popularised.

          As per TRAI guidelines, the monetary compensation for ‘call drop’, has to be credited to the subscribers account i.e SIM.

          To increase the banking penetration in India, the option of routing such credits to the Jan Dhan Bank Accounts/Pre Paid Instruments (eWallets/Mobile Wallets) of the subscribers should be explored.

          7 Benefits of routing the ‘Call Drop’, compensations to Jan Dhan Bank Accounts/Pre Paid Instruments (eWallets/Mobile Wallets) :

01)  Encourage MSB to open bank accounts/eWallets

02) Increase the footprint of banking in country

03) Encourage other government agencies to route transactions to the linked Jan Dhan/eWallets

04) Establish an verifiable audit trial

05) Introduce Safe eBanking channels to MSB

06) A readymade data base for Payment Banks to tap as and when their networks are ready

07) Minimise complaints of non-receipt of compensation