What is Shares Other Than Equity?

Equity shares address possession privileges of the holders or endorsers. When the banks’ risk is settled, what is remaining is doing the value investors to share. Partaking inclination share is additionally remembered for this classification of offers and other value.

What is Point of sale terminal?

It consists of two components-(a) A computer terminal that is linked on line to computerize customer information files in a bank and (b) a plastic magnetically encoded transaction card that identifies the customer to the computer. During a transaction, the customer’s account is debited and the retailers account is credited by the computer for the amount of purchase.

What is Shared payment network system (SPNS)?

SPNS is a large network of ATMs spread in the city of Mumbai, Vashi, and Thane. It has been established at the behest of Indian Banks Association by India Switch Company Pvt. Ltd. The participating banks issue universal cards to the customers for transacting on this network. The objective of SPNS is to provide anytime and anywhere electronic banking service to the customers in the city of Mumbai, Vashi, and Thane through the state- of- art electronic funds transfer system to be shared by different participating banks. (It offers services like cash transactions, extended hours service, across the bank payments, utility payments, check deposits, request for cheque book, point of sale facilities etc.