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Random ramblings
RIP, GPS nav systems in India
The GPS nav systems would die, even b4 they are born in India.
Look at google maps & phones having GPS.
Look at google maps & phones having GPS.
Nokia 5800 iPhone killer??
Its hard to believe that both the phones have browsers based on webkit. The nokia thing crashes very often.
The thing that ipod did very well some 4-5 years back, 5800 does not do. Thats playing a full length movie.
I dont know why people compare iphone & 5800. Its like comparing paris & paris corner.
Let nokia learn to hold the knife properly, the killing can wait.
The thing that ipod did very well some 4-5 years back, 5800 does not do. Thats playing a full length movie.
I dont know why people compare iphone & 5800. Its like comparing paris & paris corner.
Let nokia learn to hold the knife properly, the killing can wait.
Access to any Bank's ATM is free now.
When I heard of this news,
I thought that any bank, which operates a large number of ATMs are in for a loss. Any new bank can make use of the existing ATMs, they do not have to operate their own ATMs. So they gain a lot. So was my thinking.
Today I asked the person in a bank, with whom I am working. I asked him the same questions. He said, when you withdraw money from another bank's ATM, your bank has to give a transaction fee to the other bank. Previously they were taking it from you and giving it to the other bank.
Ex. I have axis bank ATM card, if I am withdrawing from SBI ATM, then axis bank has to pay SBI. Before April 1st, axis bank will take the money from me and pay SBI. In that case, axis bank did not have an incentive to operate a large number of ATMs. Because the customer is paying for the access to other bank's ATMs.
After April 1st, axis bank still have to pay SBI. But in this case, the customer will not be paying this. Axis bank will be paying this. So now they have to operate a large number of ATMs, or pay for all the transactions that we do in other bank's ATM.
Summary is, I thought the April 1st rule benefits bank with fewer ATMs, but in fact they benefit the bank with more ATMs.
That's how things can be strangely different from what we think, when we don't know how things work :)
I thought that any bank, which operates a large number of ATMs are in for a loss. Any new bank can make use of the existing ATMs, they do not have to operate their own ATMs. So they gain a lot. So was my thinking.
Today I asked the person in a bank, with whom I am working. I asked him the same questions. He said, when you withdraw money from another bank's ATM, your bank has to give a transaction fee to the other bank. Previously they were taking it from you and giving it to the other bank.
Ex. I have axis bank ATM card, if I am withdrawing from SBI ATM, then axis bank has to pay SBI. Before April 1st, axis bank will take the money from me and pay SBI. In that case, axis bank did not have an incentive to operate a large number of ATMs. Because the customer is paying for the access to other bank's ATMs.
After April 1st, axis bank still have to pay SBI. But in this case, the customer will not be paying this. Axis bank will be paying this. So now they have to operate a large number of ATMs, or pay for all the transactions that we do in other bank's ATM.
Summary is, I thought the April 1st rule benefits bank with fewer ATMs, but in fact they benefit the bank with more ATMs.
That's how things can be strangely different from what we think, when we don't know how things work :)
Windows Internet Explorer 8: Home page
Windows Internet Explorer 8: Home page
Seems to be more of the same. Should they have called IE7+ or IE7 Service pack?
Seems to be more of the same. Should they have called IE7+ or IE7 Service pack?
Inside Architecture : Why Automated BPM will never live up to its hype
Inside Architecture : Why Automated BPM will never live up to its hype
Where would we be with out such enlightenment?
Where would we be with out such enlightenment?
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