American Express eZeClick Payment

Online shopping using credit card is not a new thing at all. However, with growing pace and increasing number of online transactions, there is a need to revolutionize the entire online payment process varying from entering details to SMS alerts. American Express has taken a step in that direction by introducing “eZe Click”. Basically, eZe click has been launched to remove the burden of entering credit card and personal details while authorizing a transaction. The following describes my experience:

1. I went to vodafone.in for a recharge.
2. On payment options, clicked on “eZe Click by American Express”.
3. It asks for options viz. “Enter Id” or “Create One”
4. Clicked on “Create One” and it took me to a registration screen where i punched in my credit card(used for transaction) and personal details(address,pin code,etc.).
5. Registration complete and ID generated.
6. Next time when i go for an online transaction, i will just enter by eZe click ID and go ahead with the transaction.
7. No fuss about entering 5-7 fields including address, pin code ,etc.

It saves a lot of time and typo effort during the transaction. Also, you don’t need to refer to your card every time you do an online transaction as those details were already entered while registration of eZe click ID.

You can also visit https://www.americanexpress.com/india/ for more details and registration link.

FAQ at https://payments.billdesk.com/amexezeclick/faq

RBI guidelines 2013 – CTS 2010 Standard Cheque Book

RBI has notified all banks to implement standardization and enhancement of security features of cheques.

This directive has come in order to migrate to Cheque Truncation System (CTS) 2010 standards by year end i.e. 2012.

Currently, we follow the MICR system. This will be replaced by CTS.

This system is intended to bring more efficiency in cheque collection system and ensure less time for collection. It also targets to reduce cost of physical movement as well.

CTS suggests changes to cheque leafs; which can be found at the following link :

http://rbidocs.rbi.org.in/rdocs/content/PDFs/SCFR220210.pdf

There is a sample cheque image at the end of above document as well.

How it affects you ??

1. CTS non-compliant cheques will not be valid after 30-Dec-2012.
2. Get CTS compliant cheque books issue from respective banks asap.
3. If you have issues some post dated cheques, please get in touch with your respective banks to make required changes.

Request you all to be compliant and avoid any issues. Please guide others as well.

Update: RBI has extended deadline to 31-03-2013.