IJSER Home >> Journal >> IJSER
International Journal of Scientific and Engineering Research
ISSN Online 2229-5518
ISSN Print: 2229-5518 12    
Website: http://www.ijser.org
scirp IJSER >> Volume 2, Issue 12, December 2011
Fraud Deduction and Precaution Measures for Branchless Banking
Full Text(PDF, 3000)  PP.  
Author(s)
Fareen Bhutto, Naeem-ul-Hassan Janjua
KEYWORDS
Branchless Banking, KYC, AML, Fraud, Precaution Measures,NADRA,SBP.
ABSTRACT
Branchless Banking is growing faster and becomes the key factor in modern technologies so it needs to be secure from each and every perspective it might be bank security or even customer security, as the technology is moving onwards everyone is concerned about security related to customer money but there is still gap to be filled is the bank secured while doing branchless transactions via retail agents. In this paper we have tried to make available proper branchless banking security by following SBP (State Bank of Pakistan) rules and regulations and provide guaranteed security with respect to AML (Anti Money Laundering) and KYC (Know Your Customer) procedures. This would help in reducing fraud and increasing productivity of banks
References
[1] Panjwani saurabh ”Towards End-to-End Security in Branchless banking.”(2011)

[2] Saurabh Panjwani, “Usably Secure, Low-Cost Authentication for Mobile Banking”, Edward Cutrell, Microsoft Research India 2010

[3] The role of information and communication technologies(ICT)in improving microcredit: The case of correspondent Banking in Brazil

[4] Nadra technologies limited(ntl) “Setting up of branchless payment ecosystem &implementation of value added services for national smart services platform”(2010)

[5] Ashlesh Sharma, Lakshmi narayan “Secure Branchless Banking” department of computer science courant institute of mathematical sciences New York University.(2010)

[6] Muhammad Adeel Mannan and Syed Najmul Haq, “Perilous Issues in Branchless Banking ” Szabist May 2009.

[7] Monique Cohen, Danielle Hopkins and Julie Lee “ A Bridge between Branchless Banking and Low-Income Clients “,August 29, 2008

[8] Ahmed Dermish,Christoph Kneiding, Paul Leishman,Ignacio ,” Branchless and Mobile Banking Solutions for the Poor: A Sur-vey”January 23 ,2011

[9] A Practical Guide for Bank Supervisors, “Preventing Money Laundering and Terrorist Financing”)

[10] Francesc Prior,Xavior Santoma,”Banking the Unbanked Using Prepaid Platforms and Mobile Telephones in the United States”,January 1, 2010

[11] Ignacio Mas,”The Economics of Branchless Banking”Innovations Vol.4, No. 2, 2009

[12] Banking Policy & Regulations Department State Bank of Pakistan “Branchless Banking Regulations” 2011

[13] Banking Policy & Regulations Department State Bank of Pakistan “Branchless Banking Guidelines”,2008

[14] Daniel Mauricio Alarcón Lozano,Counsel, General Directorate of Financial Regulation,Ministry of Finance and Public Credit, Colombia” A new agent model for Branchless banking in colombia”

[15] Jonathan Donner, Camilo Andres Tellez “Mobile banking and economic development: Linking adoption, impact, and use”, London School of Economics and Political Science (2008)

[16] J.H. Saltzer, D.P. Reed and D.D. Clark, “End-To-End Arguments In System Design”,M.I.T. Laboratory for Computer Science.

[17] Jatinder Handoo,”Financial Inclusion in India: Integration of Technology, Policy and Market at Bottom of the Pyramid, (2008).

[18] “Who’s served? At What Price? What’s Next?” Branchless Banking 2010.

[19] “The transformative role of Mobile Financial Services and the role of German Development Cooperation”, Published by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

[20] Telco 2.0. Security breach at M-Pesa, http://www.telco2.net/blog/2010/02/security_ breach_at_mpesa_telco.html, Feb. 2010.

[21] “TheEasiestWayToTransferMo-ney”,http://www.wateen.net/images/stories/products/selfcare.jpg

[22] Mrs. Maria’s case: verbal communication with officers at Tameer Micro finance Bank, May,2011

Untitled Page