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Topic : Payment Systems in India
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Banking & Insurance Professionals

 
Started by : Sudeep Tarafdar, Senior Consultant, IBM   11 27 2009 11:17:39 +0000
Industry : BankingFunctional Area : Product Development(Operations)
Activity:  32 views;  last activity : 07 06 2010 20:18:09 +0000

Pressured by the demands of globalisation and the increased expectations of clients, banks all over the world are focusing once more on transaction banking, including payments. This is causing a great deal of analysis, re engineering and, ultimately, investment. What do you think will the fututre on payment systems?

 
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1 Mobile and e-money payment
2 Secure Online Payment Services
3 Payments will be based on biometrics

Mobile and e-money payment

idea posted by Rashmi Chawla Cust. Service Manager, Leading Bank

This is new payment facility available which helps to make purchases easier and more fun for customers, and allow the introduction of modern mobile phone based customer relationship management (CRM) systems.

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Secure Online Payment Services

idea posted by Sudeep Tarafdar Senior Consultant, IBM

In my views, online payment system in India is only at its starting stage. This works by registering at online services of Banks with their own password and personal message for Secure Online Payment Service. This will now help the custmers to shop online and also with credit card.

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Payments will be based on biometrics

idea posted by Swati Raut Product Manager, Aviva

I believe, in coming days bank accounts will be accessible through some biometric identification method. That can be either a fingerprint or retina scan or maybe some kind of DNA scan. It will be far more secure than anything we're using right now.

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