Banknet India's Second Conference on Payment Systems in Banks, which
concluded recently, discussed and debated on Payment System
Upgradation in Banks, Cheque Truncation, Automatic Clearing House
(ACH), Electronic Clearing Service (ECS), Real Time Gross Settlement
(RTGS), Card Payment Systems and ATMs etc.

Top officials from RBI, IDRBT, Visa, major banks and nearly 20 CTOs,
CEOs and Business Heads from major banks and technology vendors
addressed more than 500 participants representing more than 100
Banks & FI's and nearly 50 IT Companies & Corporates from India,
Cyprus, Italy, Egypt, Kuwait , Scotland, Singapore, USA etc. An
exhibition organized at the venue showcased the products of major
technology vendors worldwide.

Welcoming the largest gathering of bankers ever in a banking
conference in India, Mr. Anurag Khanna, CEO of Banknet India
emphasized the relevance of the conference, in view of strengthening
of the Computerized Cheque Clearing and expanding the reach of
Electronic Clearing Services (ECS) and Electronic Funds Transfer
(EFT).

Dr. R. B. Barman, Executive Director, Reserve Bank of India, laid
emphasis on introducing low-cost Automatic Teller Machines (ATMs) in
rural areas. The anomaly that ATMs are concentrated in a particular
region of the country and too few in other areas is to be removed
and banks should think of introducing low-cost ATMs in rural areas
by stopping humdrum opening of ATMs by banks in a particular region,
Dr Barman added.

Read full story at- http://www.banknetindia.com/conf_feb06.htm