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Technology In Banking Essay Examples

Role of Technology in Banking Sector

...This service is entirely web based, where sender can use his credit card / debit card for remitting the amount though their website. After remitting you are asked to provide the details of recipient. Electronic Clearing System (ECS) : It stands for Electronic Clearing Service ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, ...

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