Banking with SMS
This allows financial institutions to provide customers with 24/7, anytime anywhere banking using SMS to their customers.
Mobile Banking offers convenience, control for customers and drastically reduced costs of servicing customers for financial institutions such as banks and credit unions. We give financial institutions the competitive edge to offer highly secure convenient banking to your customers and differentiate themselves from the rest.
Benefits for Financial Institutions cutomers
24/7 Access to your checking and checking account savings Up to date information to lt line of credit and loan
- Up to minute interest and CD Rates.
- Transfer Funds from one account to another.
- Mobile Bill Pay.
- Check Balances and transaction history.
- Make your credit card bills.
- Nearby Branch and ATM details logging in.
- Foreign exchange rates.
Benefits to Banks and Financial Institutions
- More than a Decade of International Experience with integrating charging and payment
Factor Authenticated Delivery Channels.
- Live Monitoring of Banking Systems on a 24/7 basis.
- One Touch Fraud Alert leading to mitigation of Fraud loss and Identity theft.
- Support for Banks, Credit Unions and Financial Institutions of all Sizes.
- Secure Trusted Transactions Benefit Banks, Business, and Consumers.
- Convenient Access to Real-
Time Information Reduces Call Center Expense.
Application Security Features
- Approval by Bank -
After the Customer is registered he/she has to be approved by a Manager. A bank user who has input the details cannot approve the customer, though he may have the right to approve other registrations. Auto Approval can be achieved if required and is a system wide parameter.
- Activation Key -
On approval by the bank, the customer will be sent a SMS to activate their SMS Banking using their choosen nickname. The phone number along with the choosen nickname is the activation key.
- Account Nick Names -
This will be used in conjunction with configured commands sent from a mobile phone to interact information from the system. The request SMS and response message will not have the account number in the messages or personal information which can be used to identify the user.
- Confirmation SMS -
The user will be required to confirm all transactions which involve transfer between accounts.
- User ID/Password
- Access Profiles
- Session Timeouts
User Authentication is available in both the Customer and Admin modules, taking into account the user id and password policies of the Bank, such as the minimum length, mix of alpha characters, Account Locking etc. The system supports the minimum password length, the combination of alpha & numeric characters, password ageing/expiry, and password history as configurable parameters within the system.
User Roles are definable in the system by assigning desired Access Profiles. User Management and Access Profiles again are segregated to comply with the Bank’s security compliance, so that users though may have access to the password management for other users, may not be give the access to modify the profile.
A detailed audit trail module provides the reports on the different system accesses and transactions, including approver details for messages. The auditing is complete for the Customer access of the Customer Module and also for the Banks Users access of the Administration Module.
System is configurable to allow for multiple sessions to be logged in with the same user id or not. Also the session timeouts/expiry is handled.