ESDS’ Banking Services provides a ready solution with unique support for Unified Payment Interface (UPI) and Bharat Bill Payment Service (BBPS). UPI allows users to transfer funds and make payments across multiple banks even without being customers. Similarly, BBPS expedites recurrent payments such as utility bills through a single outlet. This solution will aid banks to implement a payments infrastructure that allows direct processing, monitoring and controlled payments. It reduces time-to-market, migration risk and maintenance costs while providing a future proof, component based payment infrastructure.
ESDS UPI solution platform will facilitate the next generation of online immediate payments, providing strong end to end security and data protection,
with the simplicity of transfer at a click using a single identifier like Aadhaar number, phone number or others and without providing any bank account details.
ESDS platform for BBPS supports cash, cards, wallets, Internet banking, IMPS and NEFT and can handle bill payments through different delivery channels, including self-service, assisted, electronic and manual modes.
With a commitment to inclusive growth, sustainable development and strong domain knowledge, ESDS provides end-to-end Financial Inclusion services that help banks and financial institutions to efficiently deliver inclusive banking and financial services to un-banked rural, under-banked and priority sector customers as well. ESDS Financial Inclusion Getaway creates an easily accessible, highly-safe atmosphere that provides end-to-end infrastructure and application services in a low-cost and efficient manner.
The wide-ranging application suite supports online and offline transaction processing, with biometric authentication on ATM and handheld terminals.
ESDS Cheque Truncation System application has been developed in accordance with the RBI’s 2010 project on Image-based Clearing System for faster clearing of cheques in banks. It automates the cheque deposit, collection and truncation process and helps banks derive multiple benefits including same day clearing. Our web-based system is capable of interfacing with a variety of systems used in banks and is customizable.
ESDS’ electronic Know Your Customer (eKYC) is a real-time solution that conducts instant electronic KYC and helps financial institutes take advantage of the AADHAR based KYC services provided by Unique Identification Authority of India (UIDAI). It also assists organisations to go through the prescribed Authentication User Agency (AUA) and KYC User Agency (KUA) registration processes.
Once deployed, the solution enables individual customers to authorize service providers like banks, stock brokers, insurance providers and others to receive electronic copy of address proof and their proof of identity. As this is a real-time solution and can be enabled on hand-held devices too, business houses can provide instant on-boarding services to customers at the customer’s premises itself.
With an AADHAR registry-based authentication module and instant identity biometric & data verification, ESDS eKYC Software stack is also Highly Configurable, Compliance & Audit Ready, Highly Scalable, Paperless & Instantaneous and Cost-effective. It also enables Financial Inclusion, Workflow Capability and Fraud Detection besides having Secure In-house Servers.
ESDS’ Quick Response (QR) Code-based payment system revolutionizes payments and the use of self-service machines, offering a new and extraordinary customer experience. It gives customers the ability to transfer and receive money from their mobile banking app in a very secure manner. This industry-leading feature allows banks, credit societies and similar entities to better service and protect their customers by leveraging cross-channel interaction. The QR code application is available on Android and uses a smartphone to pay, transfer and receive money through the simple scanning of a QR Code. Using a simple initiation process of downloading the QR application, a one-time secure input of mobile number and bank details, it enables transactions in seconds.