Volume : III, Issue : II, February - 2013

E–Banking and Cheque Truncation System (CTS)

Dr. V. Sreedevi

Abstract :

The emergence of e–commerce facilitated the growth and expansion of internet information, technology, banking sector and financial activity. Automatic Teller Machine (ATM), Electronic Fund Transfer (EFT) , Personal Computer Banking (PCB), Shared Payment Network Systems (SPNS), Point of sale Terminal, Electronic Data Interchange (EDI) , Structured Message Transfer System using Swift, Corporate Banking terminal and Telebanking are the innovative outcome of e–banking. The automation of the existing banking system can eliminate voluminous paper work and improve operational efficiency. Almost everything that can be attended to via traditional method can be transacted electronically for which different techniques are available .Technology has come to play a significant role in the development of newer modes of payment and settlement. To achieve this end, innovative techniques such as e–banking and e–payments like cheque truncation system have been adopted.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. V. Sreedevi E-Banking and Cheque Truncation System (CTS) Indian Journal of Applied Research, Vol.III, Issue.II February 2013

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