ATM EFT / Switch integration:
To enable societies/banks to offered ATM/Merchant POS transactions supports, we offers integration add-on to integrate MicroFinS with EFT Switch. The add-on is a adapter based on ISO
8583 Protocols which is considered to be a standard protocol worldwide for EFT Switching.
Depending on the EFT switch selected, various services like ATM (Acquirer, issuer) transactions, Merchant POS transaction (Acquirer, issuer), Funds transfer, Payment gateways transaction, Utilities like Mobile Recharge etc. can be provided
by the society / bank to its customers.
Smartphone interface for on-field operations:
In the competitive environment and with new technological innovations,
it has become imperative for the societies / banks to provide special services at customer doorstep.
With this objective, MicroFinS offers a add-on module for 'Android based smartphone interface for the Agent
/ Field officers'. This add-on enables the bank staff to provide value added service at customer doorstep viz.:
Account Opening, Deposit amount collections, Loan Repayment collections, Withdrawals with specified amount limit etc.
This add-on requires SMS interface add-on for the transaction authentication. For the transaction to happen, MicroFinS send a OTP (One Time Password) thro' SMS on the registered mobile number of the customer. The OTP is valid only for the 30 mins. The OTP is given by the customer to agent to enter into the Smart Phone interface. As OTP is validated, the further transaction is done.
The confirmation alert for the completed / failed transactions is also sent by SMS to the register mobile number of the customer.
MicroFinS SMS interface is based on exchange of SMS messages between the customer and the bank/MFI.
It saves customers the time and effort of going to the bank branches through mobile phones irrespective
of the service provider. MicroFinS SMS Services is cost effective and is available 24 hours a day.:
MicroFinS allows the interfacing with SMS to offer SMS services to the customers.
This application receives SMS on numbers provided by the bank/MFI for the SMS service.
The MicroFinS SMS services offers:
- Enquiry / Request
- Account Balance
- Mini statement (last 5 entries)
- Cheque status
- Stop Payment
- Un-register Account
Any-Where banking system:
In MicroFinS, Any-where Banking System (AWBS) provide customers with a flexible service for Cash Deposits and Cash Withdrawals from any branches located anywhere in the country.
The customer can enjoy facility of Cash Transactions through' Any Branch Banking Service from any of the nearest Kist Branches.
For the societies / banks with multiple branches, it requires consolidated reporting submission to management, shareholders and statutory
bodies. For this purpose, we have H.O. Consolidation add-on modules with MicroFinS. The add-on consolidates the trial balance and profit
loss statements (provided with uniform COA and prescribed format) from all branches and consolidates it to provide consolidated financial statements. The consolidation module can generate consolidated report for multiple selections of branches.
This module can also generate consolidated reports for selected heads like Income Statement
with selection of only Income Heads OR Expense Statement with selection of only expense heads OR combination of any selected heads etc.