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Mahesh Kumar Sarva, Lovely Professional University Unit 11: Innovations in Banking
Unit 11: Innovations in Banking Notes
CONTENTS
Objectives
Introduction
11.1 Electronic Banking or E-Banking
11.2 E-Banking Components
11.3 Features of Online Banking Solutions
11.4 Automated Teller Machine
11.5 Electronic Clearing Service (ECS)
11.6 Electronic Funds Transfer (EFT)
11.7 Credit Cards
11.8 Debit Card
11.9 Tele-Banking/Mobile Banking
11.10 Terms in Tele-banking
11.11 New Banking Products/Services
11.12 Factoring
11.12.1 Types of Factoring
11.12.2 Advantages
11.13 Forfeiting
11.13.1 Introduction
11.13.2 Definition of Forfeiting
11.13.3 How forfeiting Works in International Trade
11.13.4 Documentary Requirements
11.13.5 Forfeiting Cost Elements
11.13.6 Benefits to Exporter
11.13.7 Benefits to Banks
11.14 Securitisation
11.14.1 Features
11.14.2 Advantages
11.15 Hire Purchase
11.16 Leasing
11.17 Bancassurance
11.17.1 Licence for Bancassurance
11.17.2 Benefits of Bancassurance
Contd....
LOVELY PROFESSIONAL UNIVERSITY 215
