IDBRT's 3 Day’s program on Payment Systems and New Initiatives

                 IDBRT - Institute for Development and Research in Banking Technology  was established in March 1996 as an Autonomous Centre for Development and Research in Banking Technology.

          The institute is located in the city of Hyderabad at Masab Tank, easily accessible from all parts of Hyderabad.

          It has a residential block for participants of it’s various programs to stay in-house only.

          The institute conducts both short-term and long-term programs in the cutting edge of banking technology.

Short term programs focus on bank employees to upgrade their skills in the latest banking technology. The focus is to expose participants to the latest banking technologies through lectures conducted by Institute’s faculty and guest lectures from industry Practitioners.

The upcoming programs are prominently high lighted on the institute’s website. These enables interested participants to choose program of their choice and plan accordingly.

Participants desiring to enjoy the tourist attractions of Hyderabad are encouraged to stay bank in Hyderabad after the program. Of course, participants have to make their own arrangements.

IDBRT’s program on ‘Payment Systems and New Initiatives’, is being conducted from April 22^nd to April 24^th, 2019.

The growing demand for digital banking and electronic payments has added a lot more options to the existing variety of payments systems and delivery channels.

Managing these multiple channels, ensuring efficient, satisfactory, safe and speedy payment services to banking consumers is becoming a daunting task for bankers.

Technology changes, limitations, switching, reconciliation challenges, and settlement related issues demand all the time, money and attention from banks to stay ahead in this competitive environment.

This programme seeks to provide all the answers and options for participants issues, concerns and challenges related to Payment Systems.

The upcoming program will have Live Demo’s of the latest payment channels i.e Micro ATM, eKYC, Digital Wallets and case studies too. 

Contents

·       Payment Systems – Architecture - Delivery Channels – Authorisation Methods - ATM, POS, Cards, Online Banking.- Micro ATM Demo

·       UIDAI – Aadhaar Payments, Authentication, Applications, AEPS, EKYC Live Demo

·       Digital Wallet, e-commerce, m-commerce Benefits – Live Demo

·       Delivery Channels – Bank Reconciliation – Disputes – Resolutions

·       Emerging Payments and Cost Analysis of Delivery Channels

·       Understanding EMV- Architecture- Migrations – Case Studies

·       NEFT , RTGS, ECS, ACH Payments Technology

·       IMPS, Mobile Payments &Lab, Live Demo

·       NFC & Smart Cards, Prepaid cards – Standards and Mandates. Usage and scenarios by Practitioner.

·       New Initiatives – Bharat Bill Pay (Through VC)

·       New Initiatives - Unified Payment Interface

·       Corporate Messaging Terminal (COMET)

Brief details of COMET:-

BANKNET : Reserve Bank of India  recognised the pressing need to harness information technology for intra-bank and inter-bank communications in the 1980s5 and set up BANKNET. The design and implementation of BANKNET was entrusted to M/s. CMC.

Commissioned in 1991, BANKNET is a packet switched X.25 based network with nodes at Mumbai, Delhi, Chennai and Calcutta, and a switching centre at Nagpur with a mesh topology. In addition, Bangalore and Hyderabad are connected to Chennai through remote PADs. IBM 4381 mainframes at the 4 NCCs, connected to nodal Packet Switch Exchanges (PSEs) through Front-End processors using NCP/NPSI (Network Control Program/Network Packet Switching Interface), provide messaging facility. BANKNET uses a store-and-collect transmission logic, provided by the Message Transfer Utility(MTU), in the systems.

User banks access BANKNET through leased lines at the respective local centres using asynchronous ports on PADs and PC/UNIX machines with COMET (Computerised Message Transfer and File Transfer) software, developed in 'C'. The Message Transfer Utility enables 400 users to login at a time at each IBM node.

COMET has facilities for message creation, deletion, editing, ascertaining status of messages, listing and receiving acknowledgement etc. It also permits free format messages of 8 lines of 48 characters each.

Various message format templates, similar to SWIFT formats are available in COMET. Message formats for funds transfer applications such as TT issue, TT Purchase and TT Confirmation, Bank transfer on own account, Bank transfer in favour of a third party, etc. are available. 

Similarly, several message formats for critical data transmission activities such as reporting weekly statement of accounts, daily and monthly balances of Government accounts, agency transactions in Government accounts, transfer responding advices, foreign currency rates, advice of cheques for collection, balance queries, inter-city advices etc. too are available.