Bolt Financial Switch

ATMs have gained prominence as a preferred delivery channel for banking transactions in India. More people are now moving towards using ATMs and smartphones for their banking needs. Increased ATM usage is also helped by the fact that customers now have the flexibility of using ATMs of other Banks; as a very large number of Banks participate in major interbank networks. With our solution, you can participate in the networks at a very affordable rate and attract more customers to bank at your institution.

Bolt Features

Capital Expenditure Savings

Your Bank can access the NFS network on a shared Application Service Provider (ASP) basis. This means that your Bank can split costs with other Banks who also want to use our solution to access the NFS.

World Class Standards

ISO 8583 is an international standard that is used by the likes of MasterCard and Visa. Transactions taking place in the NFS and in our solution are based on the ISO 8583 messaging protocol: the world standard for Electronic Financial Transactions.

Smart Dispute Management

The NFS features a Dispute Management System (DMS) which consists of four stages of disputes: Charges, Representment, Pre-Arbitration, and Arbitration. These stages ensure that all disputes are resolved fairly and amicably.

Strong Risk Mitigation

The Fraud Risk Management (FRM) service is a value-added service that allows your Bank to monitor transactions in real time, generate alerts for suspicious transactions, and decline transactions that don’t meet your Bank’s rules.

Nation-Wide Access

By providing access to a network of hundreds of thousands of ATMs across the country, you can ensure that the Unique Selling Points of your products reach Customers who deserve your products the most.

Bolt Financial Switch
Benefits