Beruflich Dokumente
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on my experience of doing an internship at ING VYSYA BANK and also from the internet.
2. Currency-counting machine
A currency-counting machine is a machine that counts money, either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage.
3. ATM
An automated or automatic teller machine (ATM) also known as an automated banking machine (ABM), cash machine, cashpoint, cash line or hole in the wall, is a computerized telecommunications device that enables the clients of a financial institution to perform financial transactions without the need for a cashier, human clerk or bank teller. ATMs are known by various other names including ATM machine, automated banking machine and various regional variants derived from trademarks on ATM systems held by particular banks. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV). Authentication is provided by the customer entering a personal identification number (PIN).
Using an ATM, customers can access their bank accounts in order to make cash withdrawals, debit card cash advances, and check their account balances as well as purchase pre-paid mobile phone credit. If the currency being withdrawn from the ATM is different from that which the bank account is denominated in (e.g.: Withdrawing Japanese Yen from a bank account containing INR), the money will be converted at an official wholesale exchange rate. Thus, ATMs often provide one of the best possible official exchange rates for foreign travellers, and are also widely used for this purpose.
6. Teller system
A teller system is the integrated hardware and software used for retail or wholesale banking transactions, most systems communicate with a core banking system or mainframe over a secured network. The hardware may include a computer or terminal, Cash Drawers, Receipt and Passbook Validator/Printers, magnetic strip readers, pin keypads, bill counters, and bill/coin dispensers. The software is usually based on client/server where several clients (teller stations) are networked to a server which communicates to the mainframe via a dedicated line or satellite.
7. Telephone banking
Telephone banking is a service provided by a bank or other financial institution that enables customers to perform financial transactions over the telephone, without the need to visit a bank branch or automated teller machine. Telephone banking times can be longer than branch opening times, and some financial institutions offer the service on a 24 hour basis. From the bank's point of view, telephone banking reduces the cost of handling transactions by reducing the need for customers to visit a bank branch for non-cash withdrawal and deposit transactions.
Interbank
Financial
SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. Swift also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs) are popularly known as "SWIFT codes". SWIFT does not facilitate funds transfer; rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other. Each financial institution, to exchange banking transactions, must have a banking relationship by either being a bank or affiliating itself with one (or more) so as to enjoy those particular business features. Relationship Management Application (RMA) is a service provided by SWIFT to manage the business relationships between financial institutions. RMA operates by managing which message types are permitted to be exchanged between users of a SWIFT service: the receiver specifies which message types are permitted, and sends this permission data to the sender,
the sender checks the message type against the permission data before sending a message to the receiver.
9. Mobile banking
Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone or personal digital assistant. SMS banking is a type of mobile banking, a technology-enabled service offering from banks to its customers, permitting them to operate selected banking services over their mobile phones using SMS messaging.
10.
Online banking (or Internet banking or E-banking) allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society. Online Banking ePayments (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet
11.
Security systems
Banks use wide range of security systems for their security. The use cameras, WPKI codes, 3D secure codes, Smart Identity cards to clock in their timings etc.
Thus banking industry has seen a drastic change due to revolution in IT. Because of technology things like shopping, depositing and withdrawing money has become easy substantially.