BillDesk, a property of IndiaIdeas.com Ltd. was conceived in early 2000 to solve the frustrations of most of us when it comes to paying bills. We have created BillDesk to help consumers like us leverage on the potential of electronic medium to better organise and manage our payments, while escaping some of the pitfalls of traditional bill payment services. At India Ideas we believe that the Internet is a powerful medium that will very soon graduate from being an engaging pastime to an indispensable and ubiquitous home tool, bringing with it, for consumers like us enormous benefits and convenience.
Take, for example, the monthly chore of paying bills - starting right from receiving them, sorting them, remembering to pay them on time, writing out the cheques, standing in queues and paying them, storing the receipts and finally toting up the amounts to figure just how much of our salary has been spent. And well, do we know if all your bills have been received and paid? Or are we running up late payment charges, penalties, or possible discontinuation of facilities?
BillDesk was
The local DSAs and the brokers are facing threats by the online DSAs because of the value and the intelligent services these E- brokers provide to the customers. Banks and the NBFCs have also played a smart move, and they are getting into a tie-up with these e-brokers to expand their customer base and gain more on client acquisition. Banks have recorded the E- trading business and have sourced the e-traders so that the customer can buy or sell the stocks online and can also pay via the net. For example, ICICI has its trading podium icicidirect.com and HDFC have its platform called hdfcsec.com with features to integrate the Trading, Banking and Demat accounts of the customers and provide them a single solution to Internet
In today’s world, the role of service technology in the banking industry is vital; to serve the client’s faster as well as it saves money allowing customers to conduct banking efficiently. Today, through the use of internet, customers can access their bank details on their own computers, smartphones, tablets, transfer money on their own accounts or from one account to another, send money to another country, print or view bank statements and make inquiries about their financial transactions. Technology has changed the way of how banks are delivering services to their customers. Due to the technological advancements, information is available at our fingertips.
To this point the organization had achieved great success, and the only way to grow was by reaching a new potential market, and to do so it had to be through the use of technology. With the increasing complexities and changing dynamics of the city either they adopt new technologies like motorcycles to replace bikes and be less dependent on the railway system and a platform to take deliveries, or they would be saturated in the market and potentially go out of business. The organization currently had a website for inquiries and promotion but it did not include a payment gateway for online order booking. This would generate income rather than just serve as a publicity portal. The website had already garnered media, corporate and academic interest, even accepted small donations. This was certainly a good head start for the organization to start integrating technology into their system. Hence, I recommend that the English language website be upgraded to accept payments, to answer customer inquiries, and to enroll new customers. This is certainly a way to respond to the external threats facing the organization, take advantage of the resources it has (the website) and exploit the opportunities the business environment. The sophisticated city of Mumbai was awash with cellphones and had widespread computer access. Consequently, it is also wise to recommend a cell phone texting
Anon (n.d.) ‘Electronic Commerce - Term Paper’, StudyMode, [online] Available from: http://www.studymode.com/essays/Electronic-Commerce-731.html (Accessed 5 February 2014j).
The threat of online competitors is also present to every discount broker that has not switched to online trading or chooses to remain with their current business model and not offer online services. These online trading sites have unique trading capabilities that otherwise are not present at Edward Jones. They offer sound advice on stocks and other investments instantly. Each customer has to call their Edward Jones advisor in order to place a trade. This makes sense to Edward Jones because they want to help prevent the rash decisio...
It’s been named a fad, designated as doomed to collapse, and even populated with entertaining cat videos. The Internet we use today is not much older than a teenager. It’s a college student ready to enter the workforce and realize its full potential. But already, the Internet has undergone significant changes and revolutionized society. Over the next five years, developments in speed, bandwidth, and accessibility will continue to be made. These improvements will allow sharing information, connecting with family, and conducting business online to become easier than ever.
The advancement of technology especially the internet has changed the way how organizations conduct their business. Nowadays, the revolution of internet been more apparent than in the banking and financial services industry. Previously, the only way to conduct banking transactions is thru traditional banks which is in the form of brick-and-mortar services. However, with the evolution of internet, customers could conduct a wide range of banking services electronically, anytime and at anywhere by just using online banking or electronic banking. Electronic banking also known as internet banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive
As I am currently writing this article here, there is innumerous number of people across the globe who are getting newly exposed to the virtual big world of internet and are potential customers to various businesses all over. With the number of people, who in turn are also customers, having access to information about anything and everything these days, it is but important and urgent to take internet seriously and get it associated with business in order to reap profitable results.
...ility of technology and infrastructure to support the new model of banking. Second, the need for Internet banking itself – Internet Banking or an efficient system of instantaneous banking or convenient banking. Third, an adequate mechanism to tackle the security risk and operational risk aspects (Sharma, 2001). Fourth, a proper legal framework to take care of the rights and obligation of the consumers. While most of these issues have been somewhat addressed, an important issue still remains - what existing and potential consumers feel about Internet banking and on the basis of this how an appropriate banking model can be developed in Indian context. (Sharma B.R., 2001; Gupta P.K., 2008).
The industry is composed by a continuum of banks which produce a homogenous product — banking service. Domestic as well as foreign competition is violent. Not to forget the fact that ICBC has not been the first bank to embrace internet banking. So, it is all the more reason which places the bank in the most precarious position to continuously shield it self from the volleying competition.
An electronic system, new form of payment that benefits society as a whole through Smart Cards. It creates less necessity to have physical cash and it holds the capacity and usage of the same cards ...
Web based managing an account through conventional banks empower clients to carry out all routine transactions, for example, account transfer, bill payments, stop-payment requests, bank statement, balance inquiry and many more. We can get Account information at any time, irrespective of day or night, and can be possible from
payment. PayPal is also available to people in 38 countries. This paper starts with introduction to the company and its services. The
In conclusion, it is worthy to note that e-commerce has become a major driving force in globalization of trade. It has also given online vendors opportunities of reaching many clients across the globe. However, issue of many risks like fraud, stealing of customers’ confidential information continues to affect e-commerce. Developers of the infrastructures that facilitate online business thus need to address risks issues as many people continue to adopt online trading.
The internet that society knows today, was once a very small concept that only a few people could grasp. It started out very small, but over time it grew to become so popular among people, that it became a household term. Computers were becoming more conventional and many more people started being able to afford them. There was a major growth of internet users across the world. Due to the demand of technology being used, the internet had created a new way to perform simple tasks and go about activities. It had initiated a ...
The Internet offers a huge wealth of information, both good and bad. The Internet began as a small university network in the United States and since then has blossomed into one of the biggest if not the biggest telecommunications network covering the entire world. It can be considered as one of the most valuable types of technology. During the past several years we have come to become more and more dependent on the Internet and in particular moving huge chunks of data across large distances. The Internet allows people to communicate with each other across the world within mere fractions of seconds with the help of E-mail. The Internet also allows for expressing opinions and obtaining up-to-date information from the World-Wide-Web. New software is being developed everyday which uses Internet as the carrier for long distance voice calls and video conferencing which would hold the key to the future of our society.