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Question
Explain the meaning of SMS alert.
Answer in Brief
Solution
- With this service, a customer provides his or her mobile number. The bank stores the customer's mobile number in their computer system.
- When a debit or credit transaction occurs, an SMS is automatically sent to the customer's mobile phone.
- The SMS provides information on the transaction, including the amount, date, and account balance.
- Customers can receive account information without having to visit the bank.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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