JAIIB · PPB

ALTERNATE DELIVERY CHANNELS - DIGITAL BANKING

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.

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What is the full form of ATM in the context of alternate delivery channels?

ATM stands for Automated Teller Machine. It is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative.

What is a Cash Deposit Machine (CDM) and how does it function?

CDM is an ATM variant that accepts and credits cash deposits instantly.

Which RBI guideline governs the operation of White Label ATMs in India?

RBI's White Label ATM (WLA) Policy guidelines issued in 2012 govern WLAs. These are ATMs set up, owned, and operated by non-bank entities authorised by RBI.

What is a Recycler ATM and what is its key advantage over standard ATMs?

Recycler ATMs accept deposits and reuse that cash for future withdrawals.

What is a White Label ATM?

A White Label ATM is an ATM set up and operated by a non-bank entity (such as Tata Communications Payment Solutions) using the branding of the operator, not any specific bank. RBI authorises such operators under the Payment and Settlement Systems Act, 2007.

What is SWIFT and what role does it play in international banking?

SWIFT is a secure global messaging network for cross-border financial transactions.

What is the difference between a Green Label ATM and a Brown Label ATM?

Green Label ATMs are dedicated to agricultural transactions, while Brown Label ATMs are owned by a service provider but sponsored and cash-managed by a bank, with the bank's brand displayed.

What is Screen Scraping in the context of digital banking technology?

Screen scraping extracts data from bank websites to enable third-party services.

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