A System and Method for Electronic Retail Banking

Patent Status: 

Patent Filed

Indian Patent Applicaton No: 

1629/DEL/2010

Overview: 

A system and method for providing the users secure service relating to deposit withdrawal and transfer of processed data including financial instruments.

Key Features: 

  • Developing a much simpler process for large number of transactions
  • In device e-form which requires minimal entry of personal data, as bulk of that data is retrieved from ATM card. And also its ability to print transaction details in bar code as well as alpha numeric format.
  • In device e-reader, which reads printout of e-form, through a bar-code scanner and verifies the accuracy of transaction almost immediately by remaining connected with local bank networks .
  • The Retail banking transaction process is made faster and efficient.

Applications: 

  • Retail Banking Industry.

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