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Branchless Banking Rural Vendor Management E-Government Initiatives University Campus |
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Branchless Banking
An authorized person from a bank carries the terminal to a user for providing banking services. The user desirous of a banking transaction identifies him by keeping the contact less smart (RFID) card in the slot meant for the purpose. The transaction terminal upon identifying the registered user authenticates him as defined in the application and connects to the banking system. It then guides the user to transact and finally confirms the transaction by updating the bank record and issuing a printed slip to the user and disconnecting itself from the banking system. |
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