Technology and the internet are revolutionizing
the way we bank. If you're curious about Online
Banking features and benefits, concerned about
security and privacy, interested in bill-paying
simplicity and reduced banking fees, our e-banking
and On-line payment system is a
definitive source of information for making informed
and intelligent decisions about your joining the
e-business global markets and e-banking worldwide
reach affairs.
Although at IitConsulting, we admit that
payment by electronic means is still at infancy in
the developing world, the advent of recent
progresses made in the fields of
Information
and Communications Technology (ICT) have more
than over before opened the horizon for global
e-transactions and On-line payment.
GlobalConnexE-paymentsm
scheme, the electronic payment initiative will among
other things enable remote settlement of
transactions for the first time ANYWHERE in the
world and consequently act as a launch pad for true
e-business
worldwide.
Five major parties are involved in GlobalConnexE-paymentsm
scheme. There are the participating banks, the
global Inter Bank Settlement scheme, GlobalConnexE-IBSsm
, merchants, and subscribers.
Each subscriber and merchant will have an
eTranzact ID member at a participating bank.
Subscribers may give standing instructions to their
banks to replenish the account as and when required.
GlobalConnexE-paymentsm
is capable of launching the Digital divided rest of
the world into a truly
e-business
platform because it will ensure remote payment of
bills or for goods and services worldwide and above
all create a cashless society.
In the light of the most Digital divide
countries, trusted sources estimate that more than
80% of money in circulation was outside the banks
vaults. GlobalConnexE-paymentsm
scheme will definitely come to the rescue by
bridging the gap of a truly cashless society.
While much of the money in circulation remains in
the bank vaults, GlobalConnexE-paymentsm
will make the informal sector very vibrant, will
renew people's confidence in the banking sector and
thereby making the banks a truly safe haven for
money-keeping.
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E-banking and On-line payment system
