TECHNICAL ASPECT

We live in a world where technologies affect every aspect of our lives like storing
important information in the computer rather than in the drawer. Admit it or not technology
replaced our traditional way of living but as much as our personal life has changed, business
world has also revolutionized for the past few decades.
Innovation is a vital factor in sustaining the economic growth of a country and tourism
makes an important part in the economy of the Philippines and accounts for almost eight percent
of the countrys gross domestic product and directly employs almost five million Filipinos.
Philippines should attract more tourists to be able to compete with leading countries when it
comes to tourism market. Thus, PEASO Corporation is open for innovation that will changed the
business world. We can move forward only when we recognize that the old way cannot be the
best way anymore. It maybe the best way at one time or at least the best way that we knew of
that time. But times have changed and we have learned a lot. It is silly to keep on doing well in
the same old way when better ways exist.

DEFINING FIPO
The FIPO (Foreign In, Peso Out) machine is the fusion some of the functions and
technology of an ATM and the process of currency exchange.
Characteristics of FIPO machine:
Display screen (monitor) and touch screen is responsible displaying the information and
options of the user like the current exchange rate for the currencies and if they prefer to
choose their own bill denomination. Its touch screen aspect enables direct tactile and
visual interaction between a user and the FIPO machine.
Thermal Receipt printer to provide the user with a record of the transaction.
Deposit slot is where the user puts their foreign currencies for exchange.
Currency detector examines the currency that has been inserted, and by using various
tests, it determines if the currency is genuine or counterfeit.
Bill dispenser is where the converted peso bills are released.
Coin dispenser is where the converted peso coins are released.
CPU is responsible to control the user interface and transaction devices.
ID/Passport Scanner identifies the user and its required information.
Hidden camera secretly captures the users of the machine.
Backup battery will automatically provide power to the machine when the primary source
of power is unavailable.
Housing for aesthetics and to attach signage to.
Vault secures and intends to protect its content, cash cartridge which contains the money.
It is an integral part of the machine.

START

Click Start

The Simulation of Process

Filipino
Or
Foreigner

Foreigner

Put passport on the

scanner

Filipino

Put a government issued ID on the

scanner

The machine will

Record and Save the
Data

Insert Bill

Verify the Bills

Failed

Passed
Click
Continue

Dispense Peso
Bills

END

Features of FIPO machine

1.

Automatic currency rate update.

FIPO machine has a real time system that will automatically update foreign currency rate.
2.

Scan and keep multiple Picture IDs for your customers.

FIPO machine scans multiple picture IDs for identification purposes.

3.

Multi-currency Calculator

FIPO machine has a currency calculator tool that will convert foreign currency into Philippine
peso.
4.

Multi-currency detector

FIPO machine has a currency detector or currency validator that determines multi-foreign
currency and determines if bills are genuine or counterfeit.
5.

Details of recent transactions

Through FIPO machine you can get the details of recent transactions. It can also be printed.
6.

Security Camera

For FIPO machine it is best to use two kinds of cameras. The first camera should be an obvious
camera that is set up on top or very close to the machine. The second camera would be a hidden
camera installed inside the FIPO machine itself to allow it to capture the facial features of the
customer.
7.

Accessibility to multiple language

FIPO machine can translate its instructions and onscreen text into multiple languages. It is
important in making FIPO machines accessible.

Advantages of FIPO Machine

1. It saves time.
Save time in driving down to the branch or the nearest money changer to wait in the queue
to perform your transactions.
2. Convenient
At the FIPO machine, you are not bound to do your transactions within banking hours. There
is no need to worry about bank holidays or public holidays. It is 24/7, 365 days a year banking
facility.
3. Innovation for Financial Institutions

Financial innovation can be defined as the act of creating and then popularizing
new financial technologies such as FIPO machine.
4. Expansion for Financial Institutions
It Increases trading volumes of financial institutions by allowing facilities to deploy the
machines to locations at which there are higher demands for currency exchange services. FIPO
machine expands the operation of financial institution.

PRODUCT AND SERVICE OFFERINGS

Additional Product Offering
The client may request:

Additional foreign currency to be detected and recognized by the machine.

Customized color/design of FIPO machine.

Service Offering
PEASO offers:

Maintenance service quarterly for free in the first year of sale.

12-months warranty program.

QUALITY CONTROL

Work in
Process

Supplier

Deliver

Includes
everyday
inspection. In
every stage.

Outsourced
machine

Final Inspection
should be made
passing
inspection to
customer

Approved

No
Ye
s

Quantity and
Quality checking

System
Installation

Testing of
Machines

No

Proceed

Perform
system
installation

Ye
s
Finished Product

Approved

Operations

Inspection

No

Ye
s

Approved

No

Ye
s

Quality Control
Quality control (QC) is a set of process or procedures to ensure that the quality of the
product and all factors in the operations. It focuses on product quality maintenance or
improvement and identifying, reducing or eliminating the installation errors/defects. This will be
done before and after the product is developed and released/delivered to the customers.
In order to implement the quality control program PEASO Corporation decides first what
are the set of specific standards of the product must meet. The process starts from the outsource
machines needed for the production that will be received from the suppliers. The outsource
machines received will be inspected by the receiving personnel/clerk for verifying and inspecting
of the machines ordered, counting and checking the quantity and quality. The machines will be
tested and these will be approved by the receiving clerk and will proceed to the Work in Process
otherwise return to the suppliers if there is/are defects of the machines ordered.
In the production department the quality control starts by conducting and performing
inspection and testing of the machines in every stage in the production. It helps identify where a
production problem is occurring and the remedial steps it requires to prevent it in the future.
After the production stage, the system installation will be performed. Once the inspection reports
to the final products are approved these were place in the warehouse. There was also final
inspection in the warehouse department for security of the product and in the delivery for
immediate order of the product. Then, FIPO Machine is ready for operations.

QUALITY ASSURANCE
Quality assurance (QA) is a way of preventing mistakes or defects in manufactured
products and avoiding problems when delivering solutions or services to customer. It is a part
of quality management that focused on providing confidence that quality requirements will be
fulfilled. Representatives must assure that the companies' service always meet customers'
expectations for quality. Job objectives might focus on achieving compliance to new or changed
requirements, solving problems that can result in quality failures and identifying ways to work
more efficiently.
The Primary Aspect of the Quality Assurance of PEASO Corporation is Management
Involvement. The supervisor is responsible for maintaining a current level of knowledge in
his/her specific dimension of practice. He/she is also in control of monitoring the data related to
the product development. The program will served as a good strategy for the continuing
development in the industry.

DISASTER RECOVERY PLANNING

Disaster is a sudden event, such as an accident or a natural catastrophe that causes great
damage or loss of business reputation, clientages. It is a sudden calamitous event that seriously
disrupts the functioning of an ATMs or financial transactions and causes human, IT, assets and
economic or environmental losses that exceed the banks ability to cope using its own
resources. . To survive such an event, it is necessary to develop recovery procedures and
formalize them into a disaster recovery plan. Disaster Recovery Planning refers to a recovery
system where PEASO Corp. can provide a continuity plan or business process contingency
plan or a backup data that can restore datas of ATM machines when such disaster came.

Statement Of Intention
The intent of the DRP is to recover and protect a business IT facilities, such as the network,
document management system and core system, in the disruptive events. Those events include
both natural disaster such as earthquake and manmade disasters such as power outage. It is
impossible that the company can always avoid disasters, so the disaster recovery plan plays and
important role after the company suffers a disaster. It will be effectively help to minimized
downtime and data loss to ensure some level of organizational stability and an orderly recovery
after a disaster if the company prevail a careful plan.

Objectives
PEASO Corporation comes up with the following objectives in the disaster recovery plan:

Minimizing disruption of business operations

Minimizing risk of delays

Ensuring a level of security

Assuring reliable backup systems

Aiding in restoration of operations with speed