Product Profile of Electronic Funds Transfer System
Datanet Systems Limited offers Electronic Funds Transfer System. Datanet Systems Limited is the manufacturer of wide range of products based on business process management and smart cards. Electronic Funds Transfer System is a fast fund transfer system which enables the bank to offer a powerful new service to its customers. Electronic Funds Transfer System is completely workflow automation based and hence the business processes are accurately and neatly modelled in the system. It is thus a true transaction oriented system and not a file oriented system. The system is highly automated and is fully electronic avoiding paper movement completely. Similarly, when funds are sent from RBs [Remitting Branches] to PBs [Paying Branches], it is completely electronic.
Key Features of Electronic Funds Transfer System
- Transactions are conducted on this WAN with complete security by using RSA PKI based, security system, which is an integral part of the workflow automation platform. The bank will have its own Key Certification unit also as this is a closed user group network.
- The workflow automation platform has built-in capability to log all the states of every transaction occurring on the system, thus providing a database for electronic auditing and monitoring.
