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Title:
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E-CHECK CLEARING & SETTLEMENT SYSTEM FOR INDIAN BANKS |
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Author(s):
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A. R. Dani , V. Visweswar , Ashutosh Saxena , P. Radha Krishna , V. P. Gulati |
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ISBN:
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972-98947-8-7 |
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Editors:
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Nitya Karmakar and Pedro Isaías |
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Year:
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2004 |
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Edition:
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Single |
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Keywords:
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Electronic Clearing and Settlement System, E-check, Certification Authority, Digital Certificate. |
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Type:
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Oral Presentation - 20 minutes |
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First Page:
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430 |
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Last Page:
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434 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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The explosion of Internet and World Wide Web is rapidly changing the way the business transactions are carried out and it is emerging as a medium through which the goods and services are being provided to the customers. One of the main bottlenecks in the growth of E-Commerce is lack of suitable Payment Instrument and corresponding Electronic Payment System. In the paper, we have presented the design and architecture for Inter Bank Clearing and Settlement System for a payment instrument E-Check in India. Even though at present system handles E-Check, its design and architecture is flexible enough to support Inter Bank Clearing and Settlement for other electronic payment instruments, based on push and pull technologies, which may be introduced in future. |
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