XMS technology is an easy-to-use mobile solution that rides over the widely available SMS based infrastructure. It uses the industry-standard AES encryption algorithm that ensures confidentiality.
XMS Mobile Banking creates a new secure channel for interaction between a bank and its customers. Digitally signed and encrypted messages are used for notifications, account access, funds transfers and mobile based payments. Like ATM operations, XMS Mobile Banking is based on two-factor authentication that meets bank security requirements. XMS Mobile Banking is a virtual ATM on mobile handsets.
Mobile Banking Services
Funds Transfers: Perform funds transfers within the same bank as well as third party banks that are within the existing inter bank settlement environment.
Payments: Pay utility bills, loans and credit card bills from mobile handsets.
Notification & Queries: Sign up for notification on account balance and event updates, access account and other services such as cheque book request, statement request etc. Services can be custom-designed.
How Does It Work?
Benefits For Banks
- Banks create a new revenue stream through Mobile Banking.
- Banks save through reduced costs per user interaction as customers may perform transactions through automated and inexpensive SMS, instead of IVR or Call Centre Operations.
- Higher security and trust in Mobile Banking will promote consumer confidence and take up of mobile banking services.
- Besides creating a new point of interaction with the customer at a personal level, Mobile Banking Services lay a platform for banks to be ahead of the competition, presenting a unique branding opportunity.
- XMS technology is also being integrated with PREPAID DEBT CARDS enabling money transfers between individuals, utility payments, account information access, etc.
Maximum Security And Assurance
- XMS Mobile Banking provides two-factor authentication, a pre-requisite for most financial transactions, through:
- What you have:Registered handset with XMS Mobile Banking application.
- What you know:M-PIN registered with the Bank.
- Other security features of XMS Mobile Banking include:
- Password-based user authentication.
- Application level encryption on the handset that ensures data both at rest as well as in transit remains confidential.
- Public / Private key based authentication mechanisms and digital signatures ensure message integrity.
- Uses Bank grade encryption standard.
User Benefits
- Mobile Convenience
- Users can transact and interact with the bank anytime, anywhere.
- Ease Of Use
- A user friendly interface with clear instructions which are easy to follow.
- Peace Of Mind
- XMS technology combines strong confidentiality and data integrity along with TWO FACTOR AUTHENTICATION to provide maximum security in mobile transactions.
design by