New Products/Services Introduced by F1Soft International

 

1. Fonepay:

F1Soft International’s mobile wallet for banks

 

With cutting-edge electronic solutions, robust back-end systems and easy-to-use front-end user interfaces, F1Soft International has now become a trusted leader in electronic payments and proven reputation through strong and weak economies. F1Soft International can add a reliable, convenient cash payment channel without the costs of maintaining your own network of on-premise payment centers.

The mWallet(fonepay) System consists important features that the Bank can offer to its customers. The most important of them is the Remittance feature that enables people to transfer funds to any person they want, irrespective of their account category and types. Utility bill payments debit card integration, referral and alert facility is possible via mWallet . It is a robust, flexible and customizable service with seamless integration into customer’s networks. mWallet leverages bank customers to achieve anywhere anytime banking solutions using their own mobile phone from comfort of their home or office.  Banks can truly provide a value added service to their customer for managing their banking activities seamlessly. mWallet provides a robust integration framework that is automated and integrates multi diverse platforms for core mobile banking software. mWallet provides secured mobile personal identification number (MPIN) to every customer of respective banks, which acts as secured password to access their individual bank account to initiate mobile banking transactions.  As mWallet is independent of any network service providers, it provides advantage of standalone integration with reduced maintenance and deployment cost to the bank.

 

 

fonepay provides user centric modular approach to mWallet based on the growing user needs. This introduces evolutionary life cycle to the product, which is capable of adapting to new banking needs to provide effective mWallet solution to both bank and its customers.

 

fonepay service enables freedom of movement to both banks and its customer, which can work with any mobile devices that supports basic function such as SMS to advanced services such as GPRS, WAP and USSD. fonepay service is platform independent and can easily integrate any core banking software, online banking software, mobile banking software, and any third party application to provide cross platform integration. Also, it supports variety of mobile phones OS such as Android, iOS, Java, and Windows mobile.

 

Customers can perform mobile payment to any merchants using mWallet. mWallet eases users by providing the facility to have bill payment to predefined merchant such as Telecoms, Service Providers, etc. Users can also have payment of utility bills, tution fee, credit card, have their mobile recharged and other merchants, via their mWallet.

 

User can transfer fund from wallet to wallet, non-wallet, bank account , non-bank account user, predefined account, prepaid debit card, member bank user account and payment gateway. Fund transfer can be done from bank to wallet or other bank account.

 

mWallet provides application for Windows mobile, Symbian OS, Android phone, iPhone, iPod, iPad and Tablets.

 

2. transborder:
Integrated Remittance System and Software:

Remittance System is an online, real-time remittance processing system that is accessed through the internet and is offered as an application service. It provides a unique blend of security and user interaction, providing user with safe and easy to use software to carry out their day to day activities of the remittance system. The software provides division of roles and responsibilities based on the level of the user. Remittance solution provides ease to user with user friendly interface to capture transaction data. It is a robust, flexible and customizable service with seamless integration into your networks. F1Soft can add a reliable, convenient cash payment channel without the costs of maintaining your own network of on-premise payment centers.

 

transborder can facilitate their customer by providing direct connectivity with 150 countries, standard commission and charges structure, direct bank deposit feature for eSewa Network and banks, direct interface for bank transaction, international and national SMS gateway, an aptitude to use other payout agent network within member banks, USD settlement, independent channel additional module, internet banking integration module, inter-bank and inter-branch clearing and Anti-Monetary Laundering. transborder was developed to provide comprehensive end-to-end payment solutions focusing on simplicity and seamless integration . F1Soft International can add a reliable, convenient cash payment channel without the costs of maintaining your own network of on-premise payment centers.

 

Remittance companies are given flexibility of addition of their own remitting agents (international or national) or integrate with tb service for receiving payment of incremental channels and corridors, so that they can be either open or close to their transborder service.

 

transborder provides the feature of settling all the transaction in USD or as of the Bank’s requirements.

 

F1Soft International’s remittance software (transborder) also acts as an SMS gateway to the money sender based outside or inside the country. SMS is received in sender’s mobile for delivery and receiving of money by the defined destination. “transborder“ has a feature to connect to bank CBS like T24, Finnacle via ISO 8583, Web Service and other integrated channels.

 

Remittance software provides clearing of inter-bank or inter branch and leverages technology to send, track, and monitor remittances, increasing transparency and accountability and protect payments against exchange rate losses, driving cash flow predictability.

 

The internet banking member can tie-up with remitting agent to remit/payout money. Remitting agent and members can exchange required information from internet banking. Thus, reducing the transactional traffic load and processing time.

 

transborder provides an aptitude  to use any Payout Agent network that is within the member bank. Thus, aiding banks to outreach on their network and having extensive utilization of their resources.

 

The implementation of transborder will help to standardize a fix commission rate for the agents and also fix a standard charge structure so that it will be much easier to provide services to the customer as well as better implementation of agents.
 

3. SMS123go!:

National and International SMS gateway

 

SMS123go! cuts off the expensive cost of international messaging as its cost per message is much cheaper than other gateway. It acts as a phone diary from where user can directly send messages. Thus, reducing the time to search and enter the numbers to their desired web portals.

 

The storage limit depends upon the purchased available packages.

 

Since mass production results in cutting down of the costs, this rule also applies to sending of bulk text sms from computer. The overall cost of thousands of text messages sent in quick time is pruned to astonishingly low levels as compared to the sms messages from mobile phone.

 

SMS123go! introduces web SMS service, where user can send SMS from a web portal to any mobile number almost anywhere in the world. Users only need to key in the recipient mobile number together with their personal message. SMS123go! not only helps user to send SMS to any network in the world but also minimizes the cost of sending SMS from a phone network. 

 

SMS123go! also facilitates the users to send message from their mobile devices to other people who are online on their respective web portals. User can send SMS from the SMS123go! App using the mobile internet to any SMS123go! member in their web account.

 

This feature gives user the ability to send SMS from the application of SMS123go! which will fasten the time of delivery and receiving of messages to the receiver. As SMS is responded faster than emails, user can be quicker in getting updates from other end.

SMS API provides SMS technology that takes off workload and stress from user’s shoulders. It boosts user’s stagnating business with new ideas and opportunities in data managing and performance optimization. Banks can benefit from SMS API  with which several types of systems, applications and software can become SMS-enabled; network management, customer relationship management, software workflow management, helpdesk software, database usage, email usage and website creation.

 

A text message is limited to 160 characters. Users are given 120 characters for their use and remaining 20 characters are occupied by SMS123go!! advertisement. That means user can say exactly what they need to say in 120 characters.