Very Easy MOney Transfer

e-Cheques | Electronic Billing & Payment

Cash Payments | Tax Payments

Draft Presentation
10th January 2007
e-Cheque
 A cheque in the electronic form

"a cheque in the electronic form" means a cheque

which contains the exact mirror image of a paper
cheque, and is generated, written and signed in a
secure system ensuring the minimum safety
standards with the use of digital signature (with
or without biometrics signature) and asymmetric
crypto system

(ACT NO. 55 OF 2002 Dated 17th December, 2002 )

Advantages of e-Cheques

Highly secure - uses digital

signatures and asymmetric
crypto system
based on
Public Key Infrastructure
Advantages of e-Cheques

They are a fast, secure and

convenient mode of electronic
payment
Advantages of e-Cheques

With e-Cheques you can

•Payment
•Transfer
•Deposit
•Certify
•Stop
•Inquiry
•Present
•Re-present
Advantages of e-Cheques

Process automation leads

to lowering of costs
Advantages of e-Cheques

Generation of e-Cheque is
Free
Advantages of e-Cheques

The Bank's liability in

preserving passwords, PINs
etc. is reduced
Advantages of e-Cheques

The Bank cannot be held

responsible for any frauds
resulting from the leakage of
critical user information or
incorrect transfers
Advantages of e-Cheques

Operating expenditures like

costs of printing cheque books
etc. are reduced
 Process flow
4. User sends Certified e-cheque to
payee

1. User
Creates
e-Cheques
3. Certified e-
cheque is sent
back electronically 5. Payee
to the user deposits
Certified
e-cheque
in bank
online

6. Banks settle the payment

through Electronic clearing
2. Bank verifies details.
If, Stage 1 then transfer through NEFT Else,
Certify e-cheque and send back to user.
A VEMOT e-Cheque
e-Tax Payment

Pay your Taxes online

Advance tax | Self assessment Tax | TDS | TCS |
Service Tax | VAT etc..

e-Cheque and
download Challan

Assessee Bank

Generate e-Cheque
Drop e-Cheque in drop box
Payment done and Saves online generated Challan.
Electronic Billing & Payment

Electronic Billing & payment facility helps corporate houses in

speedy distribution of e-Bills & recovery of payment

Corporate

e-Bill

VEMOT (VEMOT) e-Cheque

Client Bank
Cash Payment
With cash payment facility
•Instant cash payment up to Rs. 25000/- will be possible
through VEMOT agent network.
•You need not hold a Bank account in each city
•The system is highly secure, as it works on PKI
• Payment can be made at remote locations also.

Corporate forwards
Payment statement &
transfer fund to VEMOT
account

Corporate VEMOT Server VEMOT Agents Branch Office

 Thank you!
For Details and for solution implementation, contact:
Skorydov Vemot
Email : vemot@skorydov.com
Tel : 91- 22 – 30204500
Fax : 91- 22 - 30204500

© 2006 Skorydov. All rights reserved.