Solution for Collection for Banking Application

Specifications

We are providing the Solution for Collection for Banking Application. The various segments includes;

Co-Operative Banks.
Non Banking Finance Companies (NBFC)
Cable TV Operators.
Chit Companies.
Insurance Companies.
Any other areas of Spot Payment Collection.


Palmtec for Field Collection in Banks & NBFCs In India, Rural Co-operative banks and Gramin banks have vital role in the mass-banking. Most of them have a system of Daily Deposit Collection, for which bank agents go to door to door and collect money from shopkeepers, farmers and housewives on a daily basis. They give receipt against each collection and they are supposed to remit this amount at bank the very next day. However, due to various reasons, this remittance and related updation of data rarely happens. This ultimately leads to mistakes, misunderstandings and more over malpractices. Computerisation of the bank alone cannot solve this. They need a system that can give receipt on the spot, capture the data and later download to the banking software, without re-entering. More over, the balance in the account of each customer should be made up-to-date, and that should be printed in the next days receipt. This is where, Palmtec plays an important role. The collection agents can download the details of the customers, before going to the field. Receipts can be generated against each collection, with date, time, serial no., amount paid, balance position, agents ID etc., from Palmtec. End of the day, agent can transfer this data to PC at the office. Simultaneously the balance position will get updated back to the Palmtec memory. So that, as he give receipt next day, the correct balance position will be shown. This will eliminate any chance for mistakes & malpractices.

Product

Palmtec Plutonia 24 Col Printer and Palmtec Amphibia ( thermal Printer) is provided for the application .Both the models are very rugged, light weight with about 550 Grams and suitable for the rough environments. It consists of a 30 Key keypad, Graphic LCD, In Built Dot Matrix Printer, Higher End 32 Bit Microcontroller, USB interface and runs on Rechargeable Battery.