2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has introduced Radio Frequency Identification Card to serve valued clients better
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Corporation Bank
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Vijaya Bank
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Bank of India
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Dena Bank
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Explanation:
Detailed explanation-1: -Dena Bank has introduced RFID-enabled banking cards whereby a branch/relationship manager can identify a valued client entering a branch with the card.
Detailed explanation-2: -A bank cards with an embedded RFID chip can be used to make a payment without swiping the card or entering a PIN. The card is simply placed in front of an RFID reader at a retail location, and the payment is processed automatically.
Detailed explanation-3: -RFID applications in banking include customer relationship management, tracking, and tracing, money transferring, counterfeiting countermeasures, contactless smart cards, person identification, phone banking, and security.
There is 1 question to complete.