CFP last date
22 July 2024
Call for Paper
August Edition
IJCA solicits high quality original research papers for the upcoming August edition of the journal. The last date of research paper submission is 22 July 2024

Submit your paper
Know more
Reseach Article

New Interface Protocol to Connect Multiple Bank Networks from a Single Outlet

by Aaditya Prakash, Rajan K Jha
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 55 - Number 12
Year of Publication: 2012
Authors: Aaditya Prakash, Rajan K Jha

Aaditya Prakash, Rajan K Jha . New Interface Protocol to Connect Multiple Bank Networks from a Single Outlet. International Journal of Computer Applications. 55, 12 ( October 2012), 1-9. DOI=10.5120/8804-3034

@article{ 10.5120/8804-3034,
author = { Aaditya Prakash, Rajan K Jha },
title = { New Interface Protocol to Connect Multiple Bank Networks from a Single Outlet },
journal = { International Journal of Computer Applications },
issue_date = { October 2012 },
volume = { 55 },
number = { 12 },
month = { October },
year = { 2012 },
issn = { 0975-8887 },
pages = { 1-9 },
numpages = {9},
url = { },
doi = { 10.5120/8804-3034 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
%0 Journal Article
%1 2024-02-06T20:57:02.166262+05:30
%A Aaditya Prakash
%A Rajan K Jha
%T New Interface Protocol to Connect Multiple Bank Networks from a Single Outlet
%J International Journal of Computer Applications
%@ 0975-8887
%V 55
%N 12
%P 1-9
%D 2012
%I Foundation of Computer Science (FCS), NY, USA

We propose an innovative interface protocol that will allow an access to multiple banks from a single outlet. This will enable a single branch to serve customers of several banks. This will in essence deleverage infrastructure of branch from banking business, allow banks to focus on service and product and not infrastructure, which is not its core competency. Having common branch will drastically reduce the number of branches required for given population and area; this will reduce operational cost of banking by manifolds. Protocol we propose uses dynamic network switching of the multiple networks to allow the common interface to access the API of different participating banks. We propose a scalable model which could harness Cloud computing if the load on the infrastructure is high. We have also given justification for the need of Cost saving for bank branches and potential benefits of implementing the proposed model.

  1. Mas, Ignacio, The Economics of Branchless Banking (April 1, 2009). Innovations, Vol. 4, No. 2, 2009.
  2. Debashis Chakraborty and Arup Guha, Infrastructure and Economic Growth in India: Analyzing the Village-level Connectivity Scenario of the States, Journal of Infrastructure Development June 2009 1: 67-86.
  3. Dr. Chakrabarty, K. C, Pushing Financial Inclusion – Issues, Challenges and Way Forward, RBI (July 17, 2009).
  4. Amila Karunanayake, Kasun De Zoysa, and Sead Muftic. 2008. Mobile ATM for developing countries. In Proceedings of the 3rd international workshop on Mobility in the evolving internet architecture (MobiArch '08). ACM, New York, NY, USA, 25-30.
  5. Trung Dong Huynh, Nicholas R. Jennings, and Nigel R. Shadbolt. 2006. Certified reputation: how an agent can trust a stranger. In Proceedings of the fifth international joint conference on Autonomous agents and multiagent systems (AAMAS '06). ACM, New York, NY, USA, 1217-1224.
  6. A. Seth, D. Kroeker, M. Zaharia, S. Guo, and S. Keshav. 2006. Low-cost communication for rural internet kiosks using mechanical backhaul. In Proceedings of the 12th annual international conference on Mobile computing and networking (MobiCom '06). ACM, New York, NY, USA, 334-345.
  7. Vânia Gonçalves, Pieter Ballon, Adding value to the network: Mobile operators' experiments with Software-as-a-Service and Platform-as-a-Service models, Telematics and Informatics, Volume 28, Issue 1, February 2011, Pages 12-21, ISSN 0736-5853.
  8. Nitin Munjal, Ashish Paliwal, Rajat Moona. (Mar, 2009). Low Cost Secure Transaction Model for Financial Services. In Ultra-Modern Telecommunications & Workshops, 2009. ICUMT '09.
  9. Cordella, Antonio (July, 2006), Transaction costs and information systems: does IT add up?, Journal of Information Technology (2006) 21, 195–202
  10. Tomassini Marco, Luthi Leslie, Giacobini Mario (2006), Hawks and Doves on small-world networks, The American Physical Society.
  11. Hardin, G (1968), The Tragedy of Commons, M. E. Sharpe.
  12. Burgess, Robin and Pande, Rohini, Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment (August 2003). , Vol. , pp. -, 2003.
  13. BB Stewart, J Thompson (2004), Distributed network communication system which enables multiple network providers to use a common distributed network infrastructure, US Patent 6,732,176.
  14. Ginter, Karl L, Shear, Victor H, Sibert, Olin W, Spahn, Francis J, Van Wie, David M, Systems and methods for secure transaction management and electronic rights protection, US Patent 5892900.
  15. Hyun Song Shin, Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis, The Journal of Economic Perspectives, Vol. 23, No. 1 (Winter, 2009), pp. 101-120.
Index Terms

Computer Science
Information Sciences


Infrastructure Protocol Banking Interface Low Cost Banking