Under the terms of the deal, ECS is set to provide Corporation Bank with a service which allows its customers to pay their taxes via the bank’s ATMs.
When Corporation Bank customers employ the bank’s ATMs to pay their taxes, the ECS system carries out the PIN verification and retrieves the tax template details from the Bank’s server after due authentication. Following this, the system processes the transaction and debits the amount due from the customer’s account.
The partnership between Corporation Bank and Opus Software dates back to 2001.
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