Paymnt front concept demo settlement

Paymnt Front – Concept Demo_SettlementPaymnt Front – Concept Demo_Settlement

Paymnt FrontPaymnt Front
A Payment solution to replace almostA Payment solution to replace almost
all cash transactions by using Mobile asall cash transactions by using Mobile as
an Electronic Walletan Electronic Wallet

I am here to introduce Paymnt FrontI am here to introduce Paymnt Front
Let’s go to the Background:Let’s go to the Background:

An individual withdraws money fromAn individual withdraws money from
the banking systemthe banking system

Either using Cheque,Either using Cheque,

or plastic card from ATM with specific andor plastic card from ATM with specific and
tentative or tentative requirement for a week ortentative or tentative requirement for a week or
a month.a month.

Out of these he or she keeps certain amount in his/herOut of these he or she keeps certain amount in his/her
wallet. Many individuals like students etc gets cash fromwallet. Many individuals like students etc gets cash from
parents or employers and use wallet to keep the same.parents or employers and use wallet to keep the same.

These wallet cash is used for various payments of services and goods.These wallet cash is used for various payments of services and goods.
The banking system do not provide any service or do not have anyThe banking system do not provide any service or do not have any
control or role to play till cash comes back to system after going throughcontrol or role to play till cash comes back to system after going through
many transactions.many transactions.

We look at these cash payments as Domain for whichWe look at these cash payments as Domain for which
Paymnt FrontPaymnt Front will work as a service provider.will work as a service provider.

One should have an Electronic Wallet, totally underOne should have an Electronic Wallet, totally under
individual control, universally available to one and all,individual control, universally available to one and all,
with minimal transaction cost in a competitive market.with minimal transaction cost in a competitive market.

Let any Tony, Disha or Hari with just, Rs.50/-Let any Tony, Disha or Hari with just, Rs.50/-
or 100/- have these Electronic Wallet also.or 100/- have these Electronic Wallet also.

Paymnt Front is ready to serve every one @ 10 PaisaPaymnt Front is ready to serve every one @ 10 Paisa
per payment transaction, say from maximum ofper payment transaction, say from maximum of
Rs.9,999.99 to right up to smallest unit of Rs.1/-Rs.9,999.99 to right up to smallest unit of Rs.1/-

Well let me show you a concept Demo now & for Demo weWell let me show you a concept Demo now & for Demo we
select 3 mobile service providers.select 3 mobile service providers.
• Reliance CommunicationsReliance Communications
• Tata TelecommunicationsTata Telecommunications
• VodafoneVodafone
Let’s select 2 mobiles from each service provider.Let’s select 2 mobiles from each service provider.

Paymnt FrontPaymnt FrontServiceProvider ProvidersBankers Mobile 1st Mobile 2nd
Reliance Mobile Owner Mr. Patel Reliance Energy
Reliance ICICI Bank Mobile Owners Banker SBI ICICI Bank
Reliance Mobile_Number 9321952405 9322941558
Tata Mobile Owner Mrs. Shah Big Bazaar
Tata HDFC Bank Mobile Owners Banker Dena Bank Citi Bank
Tata Mobile_Number 9220884040 9223282301

Now all persons who own 1st mobile of respective ServiceNow all persons who own 1st mobile of respective Service
provider i.e. Mr. Patel, Mrs. Shah & Ms. Mehta will makeprovider i.e. Mr. Patel, Mrs. Shah & Ms. Mehta will make
payment to Reliance Energy, on visit to Big Bazaar makepayment to Reliance Energy, on visit to Big Bazaar make
payment at the counter & make purchase from P Savle, a smallpayment at the counter & make purchase from P Savle, a small
fruit vendor & makes payment there also, as shown.fruit vendor & makes payment there also, as shown.
Service
Provider Reliance Tata Vodafone
Person Initial Balance Reliance Energy Big Bazaar P Savle Balance
Reliance Mr. Patel 7000 2550 1279 386 2785
Tata Mrs. Shah 4650 1335 895 549 1871
Vodafone Ms. Mehta 4350 1180 650 148 2372
Total 5065 2824 1083

Mr. Patel checks his Reliance Energy Bill &Mr. Patel checks his Reliance Energy Bill &
makes paymentmakes payment

Mr. Patel enters 2550 & To No 9322941558 & opts for NextMr. Patel enters 2550 & To No 9322941558 & opts for Next
option. From his mobile message is sent to his service provider.option. From his mobile message is sent to his service provider.

Mobile – 9322941558 at Reliance Energy will receive aMobile – 9322941558 at Reliance Energy will receive a
payment Alert.payment Alert.

On opting for OK, mobile – 9322941558 willOn opting for OK, mobile – 9322941558 will
get 2get 2ndnd
messagemessage

balance updated to 2550.balance updated to 2550.

Mr. Patel will get acknowledgement from his service provider inMr. Patel will get acknowledgement from his service provider in
form of an Alert showing reduced balance of 4450.form of an Alert showing reduced balance of 4450.

Similarly on visit to the Big Bazaar.

Mr. Patel will make payment at the counterMr. Patel will make payment at the counter

by entering 1279 & To Noby entering 1279 & To No 92232823019223282301 & opts for Next option.& opts for Next option.
From his mobile message is sent to his service provider.From his mobile message is sent to his service provider.

Mobile – 9223282301 at Big Bazaar will receive aMobile – 9223282301 at Big Bazaar will receive a
payment Alert.payment Alert.

On opting for OK, mobile – 9223282301 willOn opting for OK, mobile – 9223282301 will
get 2get 2ndnd
message,message,

Again at P Savles, fruit shop.Again at P Savles, fruit shop.

Mr. Patel will make paymentMr. Patel will make payment

by entering 386 & To Noby entering 386 & To No 98927126529892712652 & opts for Next& opts for Next
option. From his mobile message is sent to his serviceoption. From his mobile message is sent to his service
provider.provider.

P Savles Mobile – 9892712652 will receive a payment Alert & onP Savles Mobile – 9892712652 will receive a payment Alert & on
opting for OK, mobile – 9892712652 will get 2opting for OK, mobile – 9892712652 will get 2ndnd
message,message,

form of an Alert showing reduced Balance of 2785.form of an Alert showing reduced Balance of 2785.

Similarly Mrs. Shah pays her RelianceSimilarly Mrs. Shah pays her Reliance
Energy billEnergy bill

by entering 1335 & To No 9322941558 & opts forby entering 1335 & To No 9322941558 & opts for
Next option. From her mobile message is sent to herNext option. From her mobile message is sent to her
service provider.service provider.

Mobile – 9322941558 at Reliance Energy willMobile – 9322941558 at Reliance Energy will
receive a payment Alert.receive a payment Alert.

On opting for OK, mobile – 9322941558 will get 2On opting for OK, mobile – 9322941558 will get 2ndnd
message,message,

balance updated to 3885balance updated to 3885

Mrs. Shah will get acknowledgement from her service provider inMrs. Shah will get acknowledgement from her service provider in

Similarly at Big Bazaar.

Mrs. Shah will make payment at the counterMrs. Shah will make payment at the counter

From her mobile message is sent to her service provider.From her mobile message is sent to her service provider.

Mobile – 9223282301 at Big Bazaar will receiveMobile – 9223282301 at Big Bazaar will receive
a payment Alert.a payment Alert.

On opting for OK, mobile – 9223282301 will get 2On opting for OK, mobile – 9223282301 will get 2ndnd
message,message,

Again at fruit shop of P Savle.Again at fruit shop of P Savle.

Mrs. Shah will make paymentMrs. Shah will make payment

Again Ms. Mehta pays her Reliance Energy billAgain Ms. Mehta pays her Reliance Energy bill

by entering 1180 & To No 9322941558 & opts for Next option.by entering 1180 & To No 9322941558 & opts for Next option.

On opting for OK, mobile – 9322941558 will getOn opting for OK, mobile – 9322941558 will get
22ndnd
message,message,

Ms. Mehta will get acknowledgement from her service provider inMs. Mehta will get acknowledgement from her service provider in
form of an Alert showing reduced balance of 3170form of an Alert showing reduced balance of 3170..

At Big Bazaar.

Ms. Mehta will make payment at the counterMs. Mehta will make payment at the counter

balance updated to 2824balance updated to 2824

At fruit shop of P SavleAt fruit shop of P Savle

Ms. Mehta will make paymentMs. Mehta will make payment

What you have seen is, 3 different mobiles sendWhat you have seen is, 3 different mobiles send
payment topayment to

22ndnd
set of 3 different mobiles & these are justset of 3 different mobiles & these are just
front end of the activity,front end of the activity,

but just after 5PM in the evening, payment settlement starts.but just after 5PM in the evening, payment settlement starts.
Servers at Reliance, Tata & Vodafone will printout statements ofServers at Reliance, Tata & Vodafone will printout statements of
account & issue the resulting payment cheques as followsaccount & issue the resulting payment cheques as follows

Detail of this cheque, Reliance from it’s A/C has to payDetail of this cheque, Reliance from it’s A/C has to pay
2550 but it will pay 1335 on behalf of Tata & 1180 on2550 but it will pay 1335 on behalf of Tata & 1180 on
behalf of Vodafone. These will be reimbursed by both.behalf of Vodafone. These will be reimbursed by both.

1279 is payment made on behalf of Reliance, hence the1279 is payment made on behalf of Reliance, hence the
same is reimbursed to Tata.same is reimbursed to Tata.

386 is payment made on behalf of Reliance, hence the386 is payment made on behalf of Reliance, hence the
same is reimbursed to Vodafone.same is reimbursed to Vodafone.

Detail of this cheque, Tata from it’s A/C has to payDetail of this cheque, Tata from it’s A/C has to pay
895 but it will pay 1279 on behalf of Reliance & 650 on895 but it will pay 1279 on behalf of Reliance & 650 on
behalf of Vodafone. These will be reimbursed by both.behalf of Vodafone. These will be reimbursed by both.

1335 is payment made on behalf of Tata, hence the1335 is payment made on behalf of Tata, hence the
same is reimbursed to Reliance.same is reimbursed to Reliance.

549 is payment made on behalf of Tata, hence the same549 is payment made on behalf of Tata, hence the same
is reimbursed to Vodafone.is reimbursed to Vodafone.

1180 is payment made on behalf of Vodafone, hence1180 is payment made on behalf of Vodafone, hence
the same is reimbursed to Reliance.the same is reimbursed to Reliance.

650 is payment made on behalf of Vodafone, hence the650 is payment made on behalf of Vodafone, hence the
same is reimbursed to Tata.same is reimbursed to Tata.

Detail of this cheque, Vodafone from it’s A/C has toDetail of this cheque, Vodafone from it’s A/C has to
pay 148 but it will pay 386 on behalf of Reliance & 549pay 148 but it will pay 386 on behalf of Reliance & 549
on behalf of Tata. These will be reimbursed by both.on behalf of Tata. These will be reimbursed by both.

All service providers of mobiles will put respective chequesAll service providers of mobiles will put respective cheques
along with statement of account in envelop and send it to officealong with statement of account in envelop and send it to office
of Paymnt Front in the same evening.of Paymnt Front in the same evening.
HSBC Bank
Linking Road,
Santa Cruz, Mumbai-400054
A/C:Vodafone
ICICI Bank
Indraprastha,
A/C: Reliance Energy
HDFC Bank
Sana A bldg, Linking Road,
A/C:Tata Telecommunication
City Bank
Dilkush Dldg, S V Rd,
A/C: Big Bazaar
ICICI Bank-Mumbai Branch
Free Press House,
215 Nariman Point-400021
A/C:Reliance Communication
HSBC Bank
Linking Road,
A/C:Vodafone
ICICI Bank-Mumbai Branch
Free Press House,
215 Nariman Point-400021
A/C:Reliance Communication
HDFC Bank
Sana A bldg, Linking Road,
A/C:Tata Telecommunication
Vithaldas Shyamrao Co-op
Bank, Plot No- 102, S V Rd
Khar(W), Mumbai-400052
A/C: Pandurang Savle

At office of Paymnt Front, covers are sorted out and bunch ofAt office of Paymnt Front, covers are sorted out and bunch of
covers will be sent to respective Banks, next day on opening ofcovers will be sent to respective Banks, next day on opening of
the Banks, by office of Paymnt Front.the Banks, by office of Paymnt Front.

This is Banks ATM, popularly known asThis is Banks ATM, popularly known as AAnyny TTimeime MMoney.oney.

Tomorrow you may find ATC,Tomorrow you may find ATC, AAnyny TTimeime CCash.ash.
ATC at corner Panwala, at any STD-PCO &ATC at corner Panwala, at any STD-PCO &
in every Pub & Bar. ATC_100, ATC_300,in every Pub & Bar. ATC_100, ATC_300,
ATC_500 or ATC_1000.ATC_500 or ATC_1000.

• Bluetooth connection to serversBluetooth connection to servers
• For the Demo, weFor the Demo, we
have used four(4)have used four(4)
Laptops.Laptops.
• One as a mainOne as a main
server@ Paymnt Frontserver@ Paymnt Front
& 3 others @ Reliance,& 3 others @ Reliance,
Tata & Vodafone. AllTata & Vodafone. All
the Laptops are onthe Laptops are on
wired Network &wired Network &
Mobile to respectiveMobile to respective
Laptop is BluetoothLaptop is Bluetooth
connection.connection.
Server@ Paymnt Front
Server@ Reliance Server@ Tata Server@Vodafone

We have two set of mobile applications. One for mobileWe have two set of mobile applications. One for mobile
from which payment will be made & second for mobilefrom which payment will be made & second for mobile
which receives payment.which receives payment.

Lets check 2Lets check 2ndnd
, here service provider has to apply KYC (know your customer), here service provider has to apply KYC (know your customer)
norms vigorously & even get confirmation from respective bankers about thenorms vigorously & even get confirmation from respective bankers about the
account. In case as Taxi/Autoricksaw, account can be in name of their unionaccount. In case as Taxi/Autoricksaw, account can be in name of their union
& KYC compliance should be ensured by them & all payment are drawn in& KYC compliance should be ensured by them & all payment are drawn in
favor of this account & members can further withdraw or get transfer fromfavor of this account & members can further withdraw or get transfer from
this account.this account.

As for 1As for 1stst
application, it is presumed that individual will opt for this forapplication, it is presumed that individual will opt for this for
payment purpose only, and his/her balance will be charged by a bank DD inpayment purpose only, and his/her balance will be charged by a bank DD in
favor of service provider. But still in emergency, system provide forfavor of service provider. But still in emergency, system provide for
emergency exit, hence he/she has to provide bank account details whereemergency exit, hence he/she has to provide bank account details where
balance will be transferred in emergency. It can be personal account ofbalance will be transferred in emergency. It can be personal account of
his/her, joint or relatives account, company account or co-opted account inhis/her, joint or relatives account, company account or co-opted account in
name of association etcname of association etc..

As name suggest, its not “Paymnt Front” function to endeavor transfer of fund, fromAs name suggest, its not “Paymnt Front” function to endeavor transfer of fund, from
one individual mobile to another individuals mobile & we do not support the same.one individual mobile to another individuals mobile & we do not support the same.
But as exception makes the rule, please consider few family cases.But as exception makes the rule, please consider few family cases.
• Father residing at Mumbai has a son studying at Pune.Father residing at Mumbai has a son studying at Pune.
• Mother residing at small town of Orissa awaits for money order from her son workingMother residing at small town of Orissa awaits for money order from her son working
at Surat.at Surat.
• In view of these family reasons, we propose to allow restricted transfer to familyIn view of these family reasons, we propose to allow restricted transfer to family
members like father, mother, wife/husband, son & daughter. Maximum of Five (5) permembers like father, mother, wife/husband, son & daughter. Maximum of Five (5) per
individual mobile.individual mobile.
• We are aware of chain reaction, hence system will not allow any mobile number, whichWe are aware of chain reaction, hence system will not allow any mobile number, which
is in recipients list, to have transfer capability to any other mobile number furtheris in recipients list, to have transfer capability to any other mobile number further
down. In view of this only dependent individual will opt to be recipient of any transferdown. In view of this only dependent individual will opt to be recipient of any transfer
of fund.of fund.

• Contact:Contact:
• Apcalogic@gmail.comApcalogic@gmail.com
• Mobile: 09833461164Mobile: 09833461164
• Res: (022)26493032Res: (022)26493032
• A S PatelA S Patel

Paymnt front concept demo settlement

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