Funds Transfer Systems and Recent Developments in India

2 months ago

"Funds transfer" in banking means transactions related to the movement of funds from one account of a customer to another…

 Automated Clearing Systems: National Automated Clearing House(NACH)

2 months ago

Edited and reposted on October 21, 2024 National Automated Clearing House (NACH) is a form of Electronic Clearing Service (ECS)…

Evolution of EFT System

2 months ago

The roots of electronic payment can be traced back to 1871 when Western Union initiated the electronic fund transfer (EFT)…

Emerging Trends in Communication Networks for Banking

2 months ago

The upsurge of Fintech Companies, Internet banking, mobile banking, Credit Cards, and UPI are some of the classic examples of…

Major Networks in India

2 months ago

India's telecommunication network is the second largest in the world by number of telephone users with over 1.1 billion subscribers…

Data communication: Components and modes of transmission

2 months ago

The term “Data Communication” comprises two words namely Data and Communication. Data can be any text, image, audio, video, or…

What is a HWAK software system?

2 months ago

There are multiple matches for Hawk, including a company, a software system, an intelligent auto-teller system, etc. Hawk System Platform…

What is a Microfiche?

2 months ago

Microfiche is a French word for “small card”. It is made of a flat sheet of a thin photographic film…

 Note & Coin Counting Machines’ operation explained

2 months ago

The major uses of cash counting machines are the accuracy and speed in counting that they provide. Note-counting machines can…

Understanding Signature Storage and Retrieval System (SSRS)

2 months ago

Signature Storage and Retrieval System (SSRS) is a technology used by banks and financial institutions to store, manage, and retrieve…