SCALABLE PAYMENT SYSTEM

SCALABLE PAYMENT SYSTEM
Author(s):
C VIJAYA KUMAR, MYLAPOOR MADHU
Keywords:

Abstract
The adoption of Electronic Banking by commercial enterprises has been in existence since the mid 90s, much greater in number due to lower operating costs associated with it. Electronic banking has initially been in the form of automatic teller machines and telephone transactions. More recently, it has been transformed by the Internet, a new delivery channel for banking services that benefits both customers and banks. Scalable Payment system services can include: Open an account, Balance enquiry, Request for Cheque book, Beneficiary payments (EFT), Viewing monthly. Furthermore, customer’s application for electronic banking facilities is expanding as the cost savings on transactions over the Internet are significant.
Article Details
Unique Paper ID: 145987 Publication Volume & Issue: Volume 4, Issue 11 Page(s): 773 - 777
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