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Saturday, December 22, 2007

Home computing made simple - by MTNL & Novatium

The fans of my blog can easily relate this to a post in September this year titled "MTNL gearing up for a revolution.." (read here)

Well, the good news is that, this news is now a reality. Although, currently its in initial phase and slowly rolling out to various areas in Delhi and Chennai (Mumbai has to wait), the concept itself is creating waves all around.

Here's a sneak peek into what people are saying about this technology:

“I was concerned about the complexity of owning a PC. But after seeing the Nova netPC demo, I decided to go for it. It is very simple to use. In fact, I browsed through matrimonial sites with my Nova netPC and selected a bride for my son.” R. Kalyana Raman, Retired, Enfield Employee.
"I used to worry every time my daughter went out to Internet cafes for browsing. Now, with a netPC at home I can guide her better." Selvi's Mother
"The earlier thin terminals we used required licensing software, and the support required for upgrades was an issue. This fits very nicely on both accounts” Citibank

To find out how this technology can help you, visit

Friday, December 7, 2007

Withdraw cash without ATM cards!

An interactive technology has been developed for cash withdrawals without an ATM card. In this facility, one can use a system generated Personal Identification Number (PIN) to withdraw money from his account in an automated teller machine (ATM).

If you fell out of budget during a shopping spree, you can call up your friend for his PIN and use it to withdraw money from his account. However, the system generated PIN can be used only once. Banks are willing to spend on this technology. So, we could see some developments soon :)

PIN transaction through a mobile phone is secure as it uses encrypted messages. Shopping and stock trading are also possible through interactive ATMs as banks have access to customers' PAN, address and account balance.

Stock trading and mobile money transfer through ATMs are widely in use in Singapore, the U.S. and Europe. The mobile subscriber base in India has touched 250 million now and is growing at a scorching pace.

At present, nearly 23 percent of banking transactions are through ATMs and banks are attempting to ramp up these kinds of transaction. Globally too, the trend is towards self-service in banks and retail stores.