Banks
having centralized databases are offering their customers facilities wherein
they can operate their accounts from any branch of a bank. Not all banks
have centralized databases and those having distributed databases at their
branches need to offer these facilities to compete in an increasingly
competitive marketplace.
Bankstar's B@AB system allows banks with distributed databases offer
their customers these facilities with an implementation cost which is
a fraction of banks having centralized databases.
Key
Features :
Cost Effective
B@AB integrates to existing baseline systems in operation at branches
making it an extremely cost effective system.
Flexible
B@AB uses the TCP/IP protocol allowing a bank to choose between the Internet,
Dial-Up lines, Leased Lines, VSAT's etc. for each of its branches depending
on transaction volumes.
Currency Independent
B@AB can effect transactions in any currency and supports multiple exchange
rates.
Flexible Authorization Automation
B@AB allows users to fine tune the automation of transaction authorization
based on individual risk perceptions.
Multiple Transaction Types
A variety of services such as cash withdrawal, cash deposit, cheque deposit,
statements etc are available.
System
Features :
Structured Message Formats
Messages are transmitted in a structured format allowing an interface
to almost any external messaging system such as SWIFT, INFINET etc.
Security
B@AB uses server passwords, Testkeys, Symmetrical Encryption, Public Key
Infrastructure (PKI) based Asymmetrical Encryption and Hardware tokens
making it a highly secure system.
User Defined Charges
Banks can set up absolutely any type of charge structure using Bankstar's
Rule Designer.
Interface to PAY
B@AB interfaces to PAY, Bankstar's payment system allowing banks to offer
instantaneous funds transfer.
Interface to BiLL
B@AB interfaces to BiLL, Bankstar's billing system allowing banks to offer
electronic billing.
Interface to TEST
B@AB is interfaced to TEST, Bankstar's Testkey and file transfer system.
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