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Home > Solutions > Banking > BR Switch > Features

Features & Advantages

Commonality of technologies, OS, Hardware platforms and Vendor gives the bank a "One point solution".

BREFTTM incorporates electronic transaction processing for specific business issues such as ...

• Electronic Funds Transfer (EFT)
• Cash Dispensing
• Card Transaction Processing
• Deposit Management
• Loyalty Points Management
• Electronic Bill Payments
• Mobile Top-us
• CRM
• Person-2-Person Remittances

BREFTTM provides interfaces to touch-point devices linking enterprises to banks and banks to their customers from ...

• Point of Sale Terminals
• Automated Teller Machines
• Interactive Kiosks
• Mobile Phones
• Internet Transactions
• Personal Digital Assistants
• Card Readers

BREFTTM integrates fully customized modules for accessing external content, transaction service networks, internal billing.

• Visa & Master Card Certifications
• EMV Network Compliance
• Mobile Portals
• Electronic Payment Gateways
• Utility Billing Systems
• Internet Banking
• Telephone Banking
• Mobile Prepaid Interfaces

Advantages:

• Huge savings in infrastructure and operational costs
• Ease of deployment
• Integrated solution, lesser points of failure
• Lower deployment support and manpower costs
• Single vendor interaction allows the bank better management of its solutions
• Single view of customer transactions
• Single solution
• Strategic positioning
• Improved efficiency
• Improved quality of service
• Lower deployment costs
• New delivery channels can be added in a phased manner
• Convenience to the customer, which translates to customer loyalty
• Availability of information on customer trends and activities

Bankers Realm Mini-branch solution

BREFTTM uses Sagem’s famous Telium Technology for secured, EMV compliant and rapid transactions over dial-up, GSM, GPRS or TCP/IP connections.

Morphsmart & Metamatcher biometric solutions from Sagem, developed for defense applications, uses dual scan fingerprint authentication for foolproof verification.

BR POS can do most of an ATM and front office banking functionalities. The System consists of following:

• The Customer Electronic Cards
• The POS Device and the software.
• The Electronic Switch software that manages these cards and allows them to do transactions.

 

POS Device

Your credit officers can use POS Device to perform transactions amongst members identified and enrolled. Since these devices are wireless and connects on a GPRS (Mobile) technology to the central server, they can be taken by your credit officers to any place in order to make transactions. Transactions hit your loan tracking system online and update them. GPRS (Mobile) charges are approximately about US$25 per month. Each device would have to be fitted with one SIM card, and normally, the mobile service provider would charge you about US$ 25 per month for about 1 MB of data transfer (approximately about 1500 transactions per month from each device. The POS Device looks like the one shown above).

The device has printer, connect on GPRS, BIO Sensor, Magnetic card reader and place for two SMART cards. This device would cost you approximately 900US$ per device.

Each POS would be installed with a version of our software that would allow you to do various things

• Enroll Customers
• Account Enquiry
• Loan Disbursement
• Loan Repayment
• Print Loan Statement
• Savings Withdrawals
• Savings Deposits
• Print Savings Account Statement
• Funds Transfer
• Mobile topup
• Loan Calculator
• Make utility payments like (water bills, light bills, etc).
• Check e-mails

Making a transaction on POS is very fast - generally it takes you less than a minute to serve a customer.