AgsTechnologyIndia

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AGSTTL WINS THE BEST DISRUPTIVE INNOVATION OF THE YEAR AWARD AT THE DISRUPTIVE TECH & INNOVATION SUMMIT & AWARDS 2016

Country’s most revolutionary product, Intelligent Cash Deposit Machine (iCD) recognized as the finest innovative technology solution within the Financial Services category

 India, December xx, 2016:  India’s only end-to-end payment solutions provider in the banking, retail and petroleum sectors, AGS Transact Technologies Ltd has been recognised for providing the Best Disruptive Innovation of the Year in the Financial  Services category for its flagship product, Intelligent Cash Deposit (iCD), at the Disruptive Tech & Innovation Summit & Awards 2016.  Held in Bengaluru, the first edition of the award focused on ‘Techno-optimism, new age thinking in the age of futuristic technologies’, bringing together experts and professionals from eminent companies including Kotak, Mahindra, Reliance, Bharati Axa and many more across industries.

 Introduced in the year 2015, iCD is equipped with state-of-the-art technology with capabilities to handle, manage and identify counterfeit notes among large volumes of cash single-handedly at retail locations like bank branches, retail enterprises, and petrol pumps. In a short span of time, iCD has carved out a niche for itself and garnered a phenomenal response, with a robust portfolio of leading brand names like Big Bazaar, Shell, Indigo airlines, Vijay Sales, Grofers and so on.

 Led by the KamiKaze B2B Media group, the Disruptive Tech & Innovation Summit & Awards 2016 focused on recognizing cutting-edge technology solutions. Strategically guided by a strong JURY comprising of – Uma Mohan – CIO of GE Healthcare, Murthy- VP of Deutsche Bank, Mr. Damodar Sahu, Partner & Industry Advisory – Digital, Wipro, Ranendra Datta - VP & CIO, SABMiller among others; these industry experts carry out a detailed nomination process. The jury members got in touch with each nominated company to understand their nomination, rating them on a 5 point parameter to decide the winner under each category.

 Commenting on the achievement, Mr. Ravi B. Goyal, Chairman and Managing Director, AGS Transact Technologies Ltd. said, “We are delighted to receive this recognition for our flagship product iCD which within a short span of time has revolutionized the industry. At AGSTTL, it is our constant endeavor to develop future-ready products that transform the way our customers do business enhancing end-consumer’s experience. iCD offers best-in-class technology to our valued partners with comprehensive services of cash management and best return on investment (ROI).”

 Recently, AGSTTL won the most ‘Innovative Product of the Year award’ at the CMO Asia Awards held in Singapore, for its cash management solution provided through iCD and SVIL. AGSTTL’s iCD combined with Cash-in-Transit services of its subsidiary Securevalue India is country’s first and only intelligent cash management solution aimed at streamlining the complex processes of managing cash across industries like Retail, Banking, Hospitality etc.

 About ICD

An industry first, iCD deployed by AGSTTL is a unique solution for managing large volumes of cash in India, designed especially for today’s fierce retail environment. This solution provides retailers and bankers a monitoring system to track deposits.

 If tied up with the banks, the retailer can avail instant credit facility on every deposit made. It also automates cash deposit transaction by counting, identifying, sorting and saving without any human interference, thereby streamlining the procedure, improving service efficiency, security and increasing productivity of the staff.

About AGS Transact Technologies Ltd.

 Established in 1992, AGS transformed into transaction management business in 2002 and today, is one of India’s leading end-to-end payment solutions provider with a wide spectrum of highly customized products instated with state-of-the-technology for the banking, retail and petroleum sectors. AGS operates across 700 cities and towns reaching out to over 100,000 customer touch points across India and boasts of an impressive footprint in South East Asia.

Pioneering the change in financial technology space, our three major lines include Banking Automation Solutions, Banking Payment Solutions, Automation Solutions for the retail, petroleum and colour sectors while the group is focused on establishing an alternate transactions ecosystem through their brand, Ongo.

Our subsidiaries include Securevalue India Ltd. focused on cash management and vault services, India Transact Services Ltd. offering traditional and mobile point-of-sale solutions and Novus Technologies that offers banking automation and payment solutions in Singapore, Cambodia, the Philippines and Indonesia.  With close to 9000 employees, round the clock customer service centers, two manufacturing and warehousing units located in Daman and Puducherry, AGS is committed to provide clear, credible and contemporary solutions to pioneer the change of how India transacts.

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AGS: Defining the ATM industry

Ever wondered how life without ATM’s would be? The recent demonetization gave us a glimpse of that situation and it wasn’t pleasant. ATM’s have become a part of our daily lives and most of us are dependent on it than we care to admit.

But not many of us realize that the convenience of having a ‘mini bank’ at every nook and corner has been vastly possible because of companies that brought the technology and product to India. These companies further pass it on to banks,who make it accessible for consumers like us.

AGS is one such company that has been transforming the ATM industry in India under the leadership of Mr. Ravi Goyal, who seized the opportunity two decades ago bypartnering with the German company Wincor.

In a country that vastly transacts in cash, AGS plays a critical role by supplying and deploying machines for almost all the leading banks. Reaching the length and breadth of the country, it has installed over 60,000 machines and does cash management and maintenance for over 25,000 machines, including the world’s highest ATM counter at Nathula pass (which it ensures can run even at subzero temperatures). 

ATMs today aren’t mere cash dispensers.  They have been customized to offer a range of services like paying utility bills, start investments, apply for loans etc., and banks are more than happy to discharge these services through the machines.  

But AGS isn’t stopping at that. Known for introducing disruptive technology, it is pioneering a change in the fintech space by bringing integrated banking technologies and products under one roof. It is the only player in the market that acts as a one-stop-shop platform for ATM management, cash flows, PoS transaction and mobile banking. By being an end-to-end payments specialist, it helps banks lower their transactions costs, while offering seamless transacting for the end consumer. The recent tie up with ACI will further improve security features and enhance payments, fraud and transaction management. A futuristic and visionary company, it also plans on introducing features like biometric identification, braille keypad and video calling in the ATM machines.

Truly, a company that’s defining the ATM industry and in many ways, our lives. http://www.agsindia.com/ http://www.indiatransact.com/

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AGS : Defining the ATM industry

ATM’s have become a part of our daily lives. There was a time when we went to physical branches to conduct banking transactions.But not anymore.The introduction and spread of Automated Teller Machines in a span of two decades has redefined the way we withdraw money from our bank accounts.

Most public and private banks have their own ATMs today, while reputed ones have multiple outlets where high footfalls are experienced.  In an attempt to enhance the user experience for the Indian consumer, many banks are constantly upgrading their services, and forming the backbone for these innovations are technology partners like AGS.

Having pioneered the change in fintech space by commencing supply and deployment of machines in 2002, AGS has been instrumental for transforming the ATM industry in the country. By providing superior technology and quality products, we soon earned the reputation of a reliable and respected organization. By 2012, the company expanded into Cash management services through its subsidiary Securevalue India Ltd, with services including ATM cash replenishment services, Cash-in-Transit (CIT), Cash Processing, Door Step Banking & Cash Pick up Services, Cash Vault Services and Bullion Movement. An industry leader and trusted partner, AGS has till date installed over 60,000 ATMs, while Securevalue provides cash management services to over 22,000 ATMs for leading banks across the country.

In line with the ‘Make in India’ initiative, AGS is now equipped with state-of-the-art infrastructure to manufacture cash dispensers in-house and a 24*7 customer support facility to ensure operational efficiency. Known for introducing disruptive technology, consumers can look forward to new features like biometric identification, braille keypad and video calling in the near future.

So the next time you walk into an ATM, look out for the AGS logo.

All Copyright received by AGS India 

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10 tips to protect yourself from ATM scams and identity theft by AGS India

In the wake of the recent ATM malware attacks, many people have realized the need for protecting themselves from cyber frauds and identity thefts. While our banking system is very robust, recent introductions like OTP and Time bound transactions introduced by the RBI ensure strengthened security. However going ahead, most transactions will be conducted online and it is upon the consumers to ensure they take adequate measures to safeguard their financial information. Here is a quick checklist of precautionary measures you can take to protect yourself.

Be     password smart: Apart from choosing     a password that will be difficult to guess or decode, don’t make the     mistake of writing it down or telling anyone you don’t trust, even if they     are tele-callers from the bank. For online transactions, ideally use a     combination of alphabets, symbols and numbers and keep it different from     your email password. Lastly, don’t forget to change your PIN and password     periodically. The longer it stays the same, the greater is the risk.

Update your KYC: Register both     mobile and e-mail details with the bank for transaction updates. This way     you can get instant updates in case of thefts or if either one is     compromised by a hacker.

Be vigilant at ATMs: The most common form of data theft at ATMS     are by keypad jamming or skimming. Skimming is a process by which hidden     electronics are placed to steal your card information in the card reader.     This maybe a little difficult to identify and any abnormal transaction     should be taken very seriously. Look out for loose keypad, misaligned frames     or unusually bulky card slot on the machines. If the transaction gets     stuck midway, don’t leave the ATM     till you haven’t logged out. If money has been deducted, call your bank     immediately and file a complaint. Banks expect consumers to be vigilant     and sometimes negligence on the part of user can be reason for     non-redemption.

Keep     an eye on your card : Never let the     card be out of your sight. While using cards at restaurants, gas stations,     retail stores etc, punch in the password yourself. Most banks are now     issuing cards without cardholders name and can easily be swapped for a     fake card if given to strangers.

Don’t take the help of strangers: At ATMs, don’t take the help     of strangers or allow crowding and overlooking. You can ask the security     guard to help if needed.

Public network safety: While using Wi-Fi hotspots or public     computers, use a secured website (look for http/https) and always log out     of the pages before leaving.

Watch out for phishing messages: Don’t get swayed by any messages/ e-mails     that claim you have won a cash prize and requires you to share bank     details. Most often they are phishing mails and simply clicking on them     can put a virus into your system.  

Keep social media safe: Don’t put up personal number,     address, or any other valuable information. It can be used to trace down     all your details. There are people who get paid for providing stolen data.     Also, do not download apps that manage bank details and spends if it not     from a reputed company.

Monitor your statements: Review your card statements     carefully. Also, tear up or shred your bank statements and financial     documents after having checked or better still, opt for e-statements only.    

Secure your computer : Make sure your personal computer/ laptop and tabs are protected     with a good security software program and anti-virus software.

All copyright received by AGSIndia