Skip to main content

Use Of SMS Gateway API In Banking Sector


SMS gateway may be defined as the process of sending or receiving of short message service to or from a network of telecommunication. This service is required in various fields, both professional and personal. The banking sector is one of them. SMS and banking are very much related to each other. The bank sends SMS to the clients to keep them updated about regular transactions. This is because of two reasons:

  • Sending SMS saves the time of both the bank as well as the clients.
  • Sending of SMS is economical rather than calling up all of the clients individually.
Operations of banking which is carried on by bulk SMS services given by a bulk SMS API provider may utilize either push and draw messages.



About Push Messages

Push messages are those that a bank conveys to a client's cell phone, without the client starting a demand for the data. Generally, a push message could be a promoting message or an alarm of an occasion which happens in the client's ledger. It might likewise be bulk messages sent by the bank with the help of bulk SMS API provider, to inform the client that some payment is expected, or that an Internet statement is prepared to be downloaded.

About Draw Messages 

Draw messages are basically the initiation of messages by the clients with the help of bulk SMS API India to get updated about banking transactions. This is very convenient for carrying on operations in the present day world.

SMS gateway has eased the regular banking transactions of everyday life.

Labels:

Comments

Post a Comment

Popular posts from this blog

One Time Password- Usage and Benefits

With the introduction of new techniques of verifying a user like fingerprint scanning, face recognition, retinal scans, and puzzle solving; daily static passwords are being less protected and unwieldy for users to keep in mind. When the Internet first began, it was exhilarating to have a powerful and hard to detect password for your emails, but now these similar types of passwords can be simply detected and hacked into. Increasing number of people are using online banking, making financial transactions, buying things online on their Smartphone, and keeping sensitive information on the Internet. Regular passwords are not very secure to defend users against malware and hacker attacks. So, One Time Password is the best method to defend users from fraud and malware attacks, particularly if combined with an out of band verification method. One Time Password Services Banking and financial organizations use OTPs to secure their user logins using an out of band veri...
1 comment
Read more

Bulk SMS Gateway- One of the Best Modes for Business Marketing

In an increasingly modifying world of business, what is supreme is how effectively you promote your product. In fact, conventional methods of interacting with the longing audience such as advertisements in newspaper, direct mails, banners and posters, purchasing air time on TV are inference to be most successful. However, the statement that SMS is sent to the target audience is still doubtful and is exorbitantly lush or very much costly. Current world sees an active yet resourceful method of promoting one's business in the type of mobile marketing. The beginning of mobile technology has made it easy and much more friendly and appealing method of surrounding your client. The most impulsive method is to deliver SMS to a list of targeted receivers. Industry men such as travel managers or real estate agents have begun to use bulk SMS gateway services to deliver desired data to their customer list relating to the fact that it is the most genuine marketing channel. It is a pioneering...
1 comment
Read more

Two-factor Authentication Is A Must When Both Parties Have To Rely On Each Other

There are instances when a business or organization thinks that they include all the security that they require on their network or website. For example, if you have ever used PayPal account to reimburse something, you will find out that they have steps in place to assure that everybody is who they articulate they are. This is known as two-factor authentication. The user will be checked and so the website. Banks are very well-known for having two-factor authentication . One of the methods they keep it into use is with establishing a new payment. Even though you are logged onto their representative website and you have fed the proper detail, they will still take you via additional checks to ensure you are an individual doing the payment, not a hacker. E-commerce websites also require two-factor authentication. There are many websites that run on the platforms such as WooCommerce, OpenCart, Magento, etc. and use SMS as their marketing channel, thus to secure their transactions th...
1 comment
Read more