Multicash software is part of so called "electronic banking" products.

This kind of product permits remote connection between the client and his bank. The client could perform a variety of operations without being necessary his presence at the bank. In this way, also, it could be avoided the frequent change of papers between the client and his bank.

The data transfer between the client and the bank could be done in both directions. The client could receive account statements, various information about his accounts, general information given by the bank (exchange rates, market reports, etc.).

The client could send to the bank domestic as well as foreign payment orders.

The communication between the client and the bank is made through a direct phone line. The client module accesses the bank through a modem. The communication is encrypted using very performing algorithms (3DES and RSA).

clik here for the diagram

The program is also capable to work with EURO. In this way, there is the possibility of displaying all the amounts (payment amounts, initial and final balance) in EURO, in the same time with displaying the equivalent amounts in the original account currency.