NEGIN Mobile Banking

Where traditional banking services have proved inadequate, costly and Inaccessible in many emerging markets, mobile banking is fast progressing.

The high penetration rate of mobile technology is a great opportunity to introduce financial services as a mobile value-added service. The low cost of SMS is an advantage for the development of new mobile services and does not represent a barrier to acceptance by the end user.

The solution is shared between an easy-to-use service menu housed in the SIM and the M-Banking gateway implemented at the banks' site. The use of the smart card guarantees the security, as it is a fraud proof device that also stores cryptographic keys, algorithms and process data.

All the information that is processed in the card is coded before being sent over the mobile operator's network and is only decoded at the M-Banking gateway, where the key is verified.

Advantages:

• Lower operating costs
• Greater geographic diversification
• Improved or sustained competitive position
• Increased customer demand for services
• New revenue opportunities
• Enhanced customer satisfaction
• Multi languages

Features:

Banking services

• Daily Balance
• Utility Bills payment
• Fund Transfer to/from card/account
• Set or cancel periodic operation

Card Services:

• Balance Inquiry
• Utility Bills payment
• Blocking card
• Fund transfer
• Password change

Information Inquiries:

• Loans
• Interest rates
• Currency rates
• Branch information