PSBs ATM Outsourcing Deal Strike

July 5, 2012 MUMBAI: Public sector banks (PSBs) under which the nine firms and 63,000 ATMs has been contracted to manage the biggest outsourcing deals in the financial sector a drastic reduction in transaction costs by inking ATM. ensure that nine companies, including start-ups and Giants, Tata Group and US-based NCR will generate revenue of RS 1,000 crore more like 350 million of a capital expenditure Against in seven years.

Tata Communications and banking infra solutions (TCBAIL) reduced by the bid worth 6.6 offsite zone for Tamil Nadu for cash transactions. If a bank's customer uses another bank's ATM, the card issuing bank is currently third - party to the transaction has to pay Rs 18. The transaction fee, which includes capital costs as well as rent, telecommunications, security, network and cash management, is expected to cover operating costs. At the high end of the spectrum, and electronic payment systems (EPS) of Rs 11.9 offsite successfully bid for cash transactions and AGS Rs 12.10 in Mumbai, Chandigarh, Haryana, and Himachal Pradesh for the bid. Other companies run AGS Technologies, PrizmPay, National Capital Region, FSS, financial institutions, Accura Infotech and are MphasiS.

"China and India as many as three times ATM, China bank account holders who do not have ATM cards in India has a huge population." gem Mamallan, founder, EPS. Public sector investment in Centralizing the ATM, the Finance Ministry has brought economies of scale and collective bargaining as well. Each area with few large singles and Uttar Pradesh States like Maharashtra and North-East of seven others who held a public sector Bank auction led by States. PSU banks, led by Bank of India, SBI, PNB, Bob and Ubi are better known, Bank.

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