Advertisements
Advertisements
Question
Explain the meaning of SMS alert.
Explain
Advertisements
Solution
- With this service, a customer provides his or her mobile number. The bank stores the customer's mobile number in their computer system.
- When a debit or credit transaction occurs, an SMS is automatically sent to the customer's mobile phone.
- The SMS provides information on the transaction, including the amount, date, and account balance.
- Customers can receive account information without having to visit the bank.
shaalaa.com
Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
'Rita' was using a plastic card to withdraw money from a machine set up outside the bank.
- Identify the card.
- Write any four precautions that must be taken while using such a card.
In case of ______ cardholder makes payment after using the card.
In case of ______ cardholder makes payment before using the card.
What are the cautions to be used while using debit or credit cards?
Which of the following is not a precaution to be used while using debit or credit cards?
What is an ATM?
What is a debit card?
Distinguish between a Debit card and a Credit card.
State three precautions that must be taken while using credit or debit cards.
What is a Bank Draft?
