Profile cover photo
Profile photo
Joshi Biztech Solutions Limited
17 followers
17 followers
About
Posts

Post has attachment
Micro ATM http://ow.ly/Ld6230aEmY8
• Firstly, you need to undergo via a verification process. For the verification process, Aadhaar card with fingerprint scanning or card swipe option is provided.
• Once verification is completed Micro ATM will display various transaction options.
• You need to select the option and device will process the transaction.
• On successful transaction, a message will be displayed on the screen and print receipt is generated.
• You will also get SMS alert from your bank about the transaction.
Biztech
Biztech
shop.jbspl.com

Post has attachment

Post has attachment
Micro ATM http://ow.ly/vOW130aEmIn
The Micro ATMs can perform following transactions –
• Cash Deposit
• Cash Withdrawal
• Fund Transfer
• Balance Enquiry
• Service Request acceptance
• Aadhar Seeding
• eKYC based saving account opening
Biztech
Biztech
shop.jbspl.com

Post has attachment

Post has attachment
Micro ATM http://ow.ly/xRGK30aEmpU
Now days POS allows various other features too. They have integrated fingerprint sensors which is used by banks for account opening purposes. They verify the customer identity from UIDAI based on aadhaar numbers.
Functions available includes:
1. Account opening
2. Atm card transaction
3. eKYC
4. Aadhaar enabled payments (AEPS)
5. Cash withdrawal/deposit
6. Funds trnsfer, mini statement, balance enquiry, etc.
7. Aadhaar seeding
Biztech
Biztech
shop.jbspl.com

Post has attachment
How does it work? http://ow.ly/QF5830aEmki
 Micro ATMs are operated by authorized agents known as business correspondents.
 The verification is done when you swipe your card and enter the PIN or do a biometric verification.
 Once your verification is complete, the device will seek the agent’s PIN. After this, the agent will give you the cash.
 Currently, there are no charges for using such ATMs.
 Previously, a standard withdrawal charge of Rs20-25 per transaction was applicable, if you had used up the quota of free withdrawal transactions in a month.
Biztech
Biztech
shop.jbspl.com

Post has attachment
A portable ATM http://ow.ly/doaz30aEmfx
 It is a slightly modified version of a point of sale (PoS) device, on which you swipe your credit or debit card to make payments to merchants.
 Micro ATMs also have facilities such as fingerprint sensors to verify your identity through Aadhaar-based biometric identification.
 This PoS is connected to the bank’s core system, to extract information regarding a user. Such devices are portable and connect with the servers through GPRS, a mobile data technology.
 In some cases, micro ATMs also let you open a new savings account, using your Aadhaar details,
Biztech
Biztech
shop.jbspl.com

Post has attachment
Benefits of Micro ATM (Automated Teller Machine) http://ow.ly/GOeU30aElg5
1. Banking services can be provided easily at Remote areas
2. Very Low cost of setting up
3. Portable Device
4. Will be used to help people during the demonetization process
The Micro ATM concept was actually developed for providing facilities at remote areas. However due to heavy cash rush, the government is trying to use these machines to solve this problem.
Biztech
Biztech
shop.jbspl.com

Post has attachment
Micro ATM http://ow.ly/8Owz30aEkQU
You will probably want to know what kind of services can be offered using the Micro Automated teller machine.
The services are offered via Micro ATM’s are –
• Opening of Bank Account
• Transaction using ATM Card
• Deposit or Withdrawal of Cash
• Mini Statement, Balance Inquiry etc.
• Capturing the Bio-metric Details
Biztech
Biztech
shop.jbspl.com

Post has attachment
Working of Micro ATM http://ow.ly/Yz4x30aEl8T
Bank official will then visit that place with the machine.
Now the needy people will make use of the machine for carrying out any of the above mentioned services.
The micro ATM’s have GPRS connectivity.
They also have finger print sensor mechanism.
The machine is connected to the core banking system and when user inserts ATM card, his/her details are fetched from the server and required operation is performed.
Biztech
Biztech
shop.jbspl.com
Wait while more posts are being loaded