ISFS610: Payment Processes And Technology
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Welcome to Payments Processes and Technology lab!
Lab #1: Cheque
The first lab is all about cheque payment. This lab is designed to enable students to get understand the process of cheque payment in banks.
Submission Deadline: 15 July 2015
Lab #2: Bills and Collections
The Bills and Collections (BC) module is intended to demonstrate the concept of bill processing, both domestic and international. It handles the necessary activities during the entire lifecycle of a bill once it is booked.
Submission Deadline: 20 July 2015
Lab #3: Funds Transfer
This lab gives an overview of the FT module which deals about the various steps involved in processing incoming and outgoing funds transfers (FTs).
Submission Deadline: 27 July 2015
Lab #4: Standing Instruction
The last lab is designed to understand the concept of Standing Instructions. A standing instruction is an instruction an account holder gives to the Bank to pay a fixed amount at regular intervals to one or more accounts. They are typically used to pay rent, mortgage or other fixed regular payments
Submission Deadline: 10 August 2015