City Union Bank (CUB) has always been in the forefront of providing technology solutions to meet various needs of customers. In this direction, Sankaran G., General Manager, Computer Systems Department, explains: “We have recently introduced the ‘Contactless Payment Solution’. It is another digital initiative – payments using key chain. This solution was inaugurated by Ashwini Vaishnaw, Union Minister for Electronics and Information Technology, Communications, at New Delhi on recently.”
ADVANCED TECHNOLOGIES
The advanced technology of embedding a chip into the wearable Key Chain to make payments to the debit of the operative account is offered first by City Union Bank in the country. Sankaran informs: “Technologies like Near Field Communication (NFC) and Radio Frequency Identification (RFID) are used in enabling transactions through wearables. It is a device with a tiny chip and antenna embedded in Key chain.”
SOLUTION FEATURES
This story is from the January 2022 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2022 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives: