level 3 is the final component of the pure personal banking modules offered by the mobile banking solution, it provides more intuitive services and adds a retail component allowing your transactional revenue to see a strong boost
- Payment on approval by SMS
This feature allows for joint accounts or business account to have a pre-determined limit to prompt for either supervisor or joint account holder approval. A payment request is made from the account to another pre-nominated account; a message is then send to either the supervisor or joint account holder to also approve the payment.
- Two-stage confirmed payment
This payment process is similar to a letter of credit, when the end user sends a payment instruction for goods or services, the amount of the payment will be transferred to a specific account. The beneficiary will be notified that the amount is guaranteed. Once the goods or services are delivered the end user/payee will be able to accept or reject the goods/services and make payment accordingly by approving or denying the payment process.
- Mobile payment in retail outlets
Using nothing but their own mobile handset, consumers will be able to make purchased at a wide variety of retail outlets. Let's use the supermarket as a common example: the consumer needs to make a purchase from a supermarket, he/she goes to the cashier and sends a payment request along with his/her password and the specific POS machine number. The system will then send back a Digital Money Sequence Number (DMSN) to the buyer. When asking to pay for the goods, the cashier will use his/her special banking card, and when the buyer is asked for a password all they need to do is enter the DMSN. As long as the transaction is within the daily limit of the account the transaction will take place instantly.
- Business Process Engine
Collecting data on your clients' behaviours is important but serves little purpose without having a system in place to make best use of your valuable information. The
service includes business process functionality, correlating your customers buying behaviour with there financial needs. This allows you the financial institution to promote cross marketing events tailored specifically to the spending habits of your valued customers, simply by sending them an SMS.
level 3 in addition to all off these new features still retains access to the full feature set included in level 1 and level 2
- Electronic billing information on utility payments
- Bank account balance information
- Information on transactions based on preset conditions
- Short financial education course to bank clients
- Information on interest and foreign exchange rates
- Electronic Billing Prompt payment for utility payments
- Payment based on contract (rental payments etc)
- Transfer between predominated accounts based on clients preset conditions
- Customer tracking and activity application