Online Remittance System

ONLINE REMITTANCE SYSTEM

• Web-based portal
• Customers have the facility to apply for Demand Draft/Telegraphic Transfer instrument or Direct Credit
• The system involves the integration of eNETS – the payment gateway facility for online payment by the customer applying for the Instruments

ONLINE FEATURES FOR CUSTOMERS

• Allow registered customers to apply DD/TT or Direct Credit
• Direct Credit to CBS Branches in India by predefined online remittance encrypted file format and integration with Finacle
• Online Payment facility (eNETS Direct Debit)
• Allow customer to view transactional history
• View Exchange Rate for the day
• Facility to locate bank’s branches (branch locator)
• Fast and Easy Access
• Secured SSL Access

BENEFITS TO BANKS/REMITTANCE COMPANIES

• 24/shots7 Online Service to customers
• Value added service to existing customers
• New market segment – Internet savvy high networth professionals
• Convenience of use will result to increases in repetitive business transactions/remittances
• Easy back office procedures
• Opportunity to introduce new online services – e.g. Bill payments