Use icici bank atms to educate 250 children

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 3/26/2013 4:45:00 PM

'                ICICI Bank is requesting its bank customers to exclusively use their own Bank ATMs to withdraw cash via emailers.  Every time a bank customer withdraw cash at the banks ATMs in Bengaluru, ICICI Bank, contributes their own funds, towards the education of street children. So, the more you use ICICI Banks ATMs, the sooner can these children go to school. Please spread the message among your (...)'

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SGB unveils RuPay Debit Card and RuPay Kisan Card

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 3/20/2013 5:50:00 PM

'Saurashtra Gramin Bank is a Regional Rural Bank, established under RRB Act, 1976. The Bank in its current avatar is  an amalgamation of three banks namely JRGB, JAGB & SBGB, prompted by SBS (now SBI) since 1978.Saurashtra Gramin Bank, this week  has introduced RuPay Debit Cards and RuPay Kisan Cards for its bank customers in collaboration with National Payments Corporation of India (NPCI). It is aimed to facilitate more than 5.5 lakh customers of SGB to gain access to (...)'

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Indusind Bank goes live on new CBS in a single day cutover

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 3/17/2013 2:22:00 PM

'Indusind  Bank goes live on Finacle 10.2 in a single day cutover                        In the last 12 months, Indusind Bank had been attracting a lot of new customers in its fold. One of the main reasons for retail customers to be motivated to open accounts with Indusind Bank is the slew of new banking sub-products launched in the last 15-18 months.  &nb(...)'

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Corporation Bank to adopt a new Core Banking Solution

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 3/17/2013 10:04:00 AM

'          Corporation Bank in 2003 was one of the first Public Sector Banks to migrate to Core Banking Solution(CBS).  Over the years many new products have been introduced in the banking arena, especially in relation to ePayments.            Corporation Bank to a large extent still relies on a Cobol Based Application. Corporation Bank is the only bank which still has a Cobo(...)'

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Union Bank of India – Vision

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 6/17/2012 4:35:00 PM

'Union Bank of India's vision is to become No.1 Retail Bank in Customer Service Excellence. Towards this end, the Bank recently opened the 111th Union Xperience Branch and also launched the ' Green Banking'. Union Xperience Branches are designed towards delivering superior customer experience for the Bank's customers. The 'Union Xperience' was launched by the Bank a year ago and has been rolled out so far in ten cities viz Mumbai, Delhi, Hyderabad, Bangalore, Ahmedabad, Jaip(...)'

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AEPS – Aadhaar Enabled Payments System

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 6/17/2012 1:22:00 AM

'NPCI in the recent past rolled out a new Banking Product I.e AEPS. The working group to finalize the standards included members from RBI, UIDAI, NPCI, IDBRT apart from special invitees from Banks and Research Institutions. A Proof of Concept was demonstrated to the various stakeholders evolved in the AEPS cycle. AEPS is a bank led model which allows online financial inclusion transaction at PoS ( MicroATM) through the Business correspondent of a bank using the Aadhaar authentica(...)'

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Seattle san fran santa clara

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 6/8/2012 5:16:00 PM

'This post pertains to a game played in the USA. Baseball is one of USA's most famous games, with a huge following across USA.However, in India, Baseball has not really picked up much, and it is very rare to see a baseball game. Hence, Indians while visiting USA, usually plan a visit to a BaseBall Game also. It is a fast paced game just like Cricket played in India http://www.ticketamerica.com/san_francisco_dons_tickets.html http://www.ticketamerica.com/santa_clara_broncos_tickets.html(...)'

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The network underlines a prejudice.

Author : nprashant nayakanti      Blog : innovationinbanking      Date : 5/10/2012 5:19:00 PM

'The network underlines a prejudice.Something new for the year'

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Would you be interested to invest in Indian Infrastructure Bonds through your Credit Card?

Author : prashant      Blog : innovationinbanking      Date : 12/10/2011 6:22:00 PM

'I was thinking aloud, how to kill multiple birds with a single stone.What are the multiple birds?01) Increase the average spending on Credit Cards.02) Increase the reward points 03) Introduce a new payment method for the Infrastructure Bonds.04) Increase the catchment area for Infrastructure Bonds.05) Increase the average spending on Debit Cards.06) Increase the catchment area for Internet Banking.And, What is the single stone?A) ePayments. Ok, so you do not believe it? Well read on(...)'

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Epass-SBI EZ-PAY CARD. The Scholarship disbursement mode.

Author : prashant      Blog : innovationinbanking      Date : 12/10/2011 1:52:00 AM

'An untapped area of ePayments is the Government’s scholarship arena. All State Governments extend various types of student scholarships. The mode of disbursement is via paper based cheques. Few Governments have started exploring the ePayments mode for disbursements of scholarships. Andhra Pradesh has moved the complete Scholarship cycle into electronic mode i.e Application till disbursement of scholarship.The website has an interesting name too epass @ http://epasswebsite.cgg.gov.in(...)'

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National Common Mobility Card - India - finally live.

Author : prashant      Blog : innovationinbanking      Date : 12/8/2011 5:09:00 PM

'A new entrant in the ePayments arena,  National Common Mobility Card (NCMC) was formally launched by  union minister for urban development, Kamal Nath on 06/11/2011,  during Urban Mobility India 2011 conference.The NCMC has been branded as ''More'' signifying the national bird ''Peacock''. Further in English, “more”, means  that the user get more and more by using this card.What is the basic idea of NCMC ?In simple terms, it is another mode of ePayments i.e elect(...)'

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eCheque - The time has come in India

Author : prashant      Blog : innovationinbanking      Date : 12/7/2011 5:16:00 PM

'In simple terms, an eCheque is an electronic funds transfer that withdraws money directly from your bank account. It's just like writing a cheque, only it is done electronicallyWorldwide it is familar to Paypal consumers. As per Paypal website, QUOTEeCheques are payments from buyers who have attached their bank details to their PayPal account, but do not have a valid backup funding source such as a credit or debit card. It may also be that their backup card has expired. So to ensure(...)'

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Axis Bank’s (India) Instant Money Transfer

Author : prashant      Blog : innovationinbanking      Date : 12/2/2011 12:29:00 AM

'In the arena of innovative ePayment Products, Axis Bank had launched an Instant Money Transfer product in September 2010. It is more than 1 year of its launch, and the transctions via IMT seem to be on the increase.These new cutting-edge ePayment options, aid in increasing the reach of the Banking network to the unbanked and are a part of the Financial Inclusion drive.RBI is clear that all path-breaking payment products have to designed around the Banking channel only. At least one (...)'

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UCO Bank - India - Pre-funded Cheques

Author : prashant      Blog : innovationinbanking      Date : 12/1/2011 5:19:00 PM

'UCO Bank - India - Pre-funded Cheques It was a pleasant surprise, to know more about a new innovative bank product.This product was launched by UCO Bank way back in 2008.The Pre-funded cheques seems to be unique to UCO Bank, and so far, not copied by other Indian Banks.The salient features of the Product are : 1.BackgroundThe Pre-funded cheques have an upper limit inscribed on them. The same can be used as Gift Cheques, Travlellers Cheques or Normal Cheques.2. Eligibility:This is a(...)'

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Oriental Insurance Company - joins the ePayments route.

Author : prashant      Blog : innovationinbanking      Date : 11/27/2011 1:31:00 PM

'Oriental insurance company, is tying up with various Banks to embrace the ePayments mode completely. This will add 6lacs+ transactions to the ePayments pool in our country, plus the additional ripples amongst it’s 15,000+employees and 50,000+associates. OIC with its  1000+ branches spread all over India, should be looking forward to tie-up with multiple banks to completely migrate to ePayments.First of the publicity block, is ING Vysya Bank, via a Press Release.The Press Releas(...)'

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PNBRewardz - PNB Debit Cards Loyalty Program. Hm-not sure who the gainer is!!

Author : prashant      Blog : innovationinbanking      Date : 11/26/2011 6:18:00 PM

'To encourage it’s debit card holders to swipe their debit cards more at POS Terminals, PNB is running a Debit Cards Loyalty Program  i.e PNBRewardz.The routine operations for this Loyalty Program lie with Loylty Rewardz. Hence, ‘Rewards’, is spelt as ‘Rewardz’!The PNB Debit Card holder has to register him/her self for points accrual and redemption. The registration process involves visit to the Bank’s ATM and than Internet access.Every member of PNB Rewardz is eligible to accru(...)'

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World Series Hockey 2011 - Let it take place!!

Author : prashant      Blog : innovationinbanking      Date : 11/20/2011 5:38:00 PM

'The World Series Hockey 2011, is expected to start on 17/12/2011, and already Hockey players are being warned not to part of it.In case of participation, they risk of being not considered for National team opporutunities.More on the World Series Hockey 2011, can be read @ http://thefansofhockey.com/2011/11/15/world-series-hockey-organizing-team/#.Tsk2vfRFuspAs a sports enthusiast, it makes sense for me for WSH 2011 to happen. Simple, this is ‘the opportunity’, Indian Hockey players t(...)'

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Allahabad Bank - CashPOS - Debit Card Offer. Did you know?

Author : prashant      Blog : innovationinbanking      Date : 11/18/2011 5:42:00 PM

'Allahabad Bank - CashPOS - Debit Card Offer. Did you know?It was a pleasant surprise, to know Allahabad Bank is having Debit Card usage offers. The offers can be viewed at http://www.allahabadbank.com/offers-on-debit-card.aspOne key differentiator Allahabad Bank has is the Meals at Barista LavazzaOffer 2 - 10% Discount Voucher For Next Purchase•10% discount vouchers will be given to first 50 Allahabad Bank cardholders each month who use their debit card to avail the cashPOS facility (...)'

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Indusind Bank - Debit Card Cash Back. Did you try it out?

Author : prashant      Blog : innovationinbanking      Date : 11/14/2011 4:42:00 AM

'The Debit Card Cash Back offers are getting interesting day by day. Each Bank is trying to innovate.The basic principle is same a) minimum qualifying amount b) maximum cap per cardThe differentiators are in the marketing campaigns.  Indusind bank too has rolled out a Debit Card Cash Back offer from 01/10/2011 to 31/12/2011.Minimal details of the program can be viewed @ https://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/cash-back-offers/index.htmlThe key diffe(...)'

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ING Vysya Bank signs MoU with LIC for ePayments.

Author : prashant      Blog : innovationinbanking      Date : 11/13/2011 2:49:00 PM

'Seeing this Press Release, the quotation, ‘the early bird catches the worm,’ immediately came to my mind.The need for a tie-up, can be traced to the recent Policy decision of LIC, to route all its payments to Policy Holders i.e  Survival Benefit, Maturity, Loan, Surrenders, payments of Pension & Group Schemes etc.,  directly to the Bank Account of the Policyholder / Beneficiary w.e.f 01/10/2011. NEFT was the Payment Channel to route the payments directly to the Banks a(...)'

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