Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. Card Networks (e.g.,

Bank 52

Bank Banking Financial Institution Accountant 52

Razorpay

AUGUST 11, 2024

A payment network is a system that processes electronic payments between consumers, businesses, and financial institutions. By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions.

IT 40

IT Funds Bank Banking 40

Peak Frameworks

SEPTEMBER 19, 2023

Financial firms, from Wall Street giants to boutique investment banks in Europe, have recognized its value. A vivid example of DMAIC in action is Bank of America's Six Sigma initiative. Risk Assessment: In investment banking , before sealing deals, understanding potential failures and their impacts can save millions.

Business 52

Business Finance Finance Investment Banking 52

Razorpay

APRIL 10, 2024

A purpose code is a unique identifier issued by a country’s central bank that is necessary for the successful execution of international payments. These codes are assigned to each transaction involving foreign currency and specify the purpose for which the transaction is being made. Where are Purpose Codes Used?

S&P 52

S&P Accountant Capital Trading 52

Razorpay

NOVEMBER 19, 2024

Understanding Mandates and e-NACH Cancellation The National Automated Clearing House (NACH) is a centralised payment system established by the Reserve Bank of India (RBI). The mandate is a formal authorisation given to banks and institutions. A notable feature is the simplified NACH cancellation process.

Accountant 40

Accountant Banking Bank Electronics 40

Razorpay

DECEMBER 20, 2023

These methods include cash, credit / debit cards, bank transfers, mobile payments and digital wallets. Debit Card Payments Debit cards allow you to make transactions by deducting funds from your bank account. Limited funds: You can only spend what’s in your bank account. What are Payment Methods?

Accountant 52

Accountant Business Bank Banking 52

Razorpay

NOVEMBER 30, 2023

Besides, electronic payment systems have revolutionized the way we handle our finances, making transactions quicker, more efficient, and accessible to anyone with a bank account. NEFT is typically used for smaller transactions, while RTGS is reserved for larger, time-sensitive transfers.

Electronics 52

Electronics IT Accountant Bank 52

Wall Street Mojo

JANUARY 17, 2024

A CFS records a firm’s all cash-based transactions during a particular accounting period Accounting Period Accounting Period refers to the period in which all financial transactions are recorded and financial statements are prepared. Since cash provides liquidity, it is decisive for the survival of a business.

Accountant 98

Accountant Finance Finance Profitability 98

Razorpay

SEPTEMBER 12, 2024

AI in payments refers to using artificial intelligence and machine learning algorithms to streamline and enhance various aspects of financial transactions and payment processes. Fraud Detection and Prevention AI in payment systems can analyse data quickly to find and flag dubious transactions and stop fraud before it occurs.

Securities 52

Securities Financial Institution Business IT 52

Razorpay

OCTOBER 31, 2023

Export vs Import Payments Export payments are the financial transactions that occur when a country or entity sells goods, services, or assets to foreign customers or buyers. Import payments refer to the financial transactions that occur when a country or entity purchases goods, services, or assets from foreign sources.

Bank 59

Bank Banking Financial Institution Business 59

The TRADE

APRIL 30, 2024

These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financial markets. The years following 2008’s GFC experienced continued financial regulatory reform.

Financial Institution 67

Financial Institution Financial Market Risk Management Bank 67

Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and use cases. financial institutions.

Funds 52

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Razorpay

JANUARY 27, 2025

It revolves around the concept of pulling funds directly from a payer’s bank account, as authorised by the account holder. ACH debit is a type of electronic payment that allows a business or individual to withdraw funds directly from a payer’s bank account. Here’s a breakdown of how ACH debits work: 1.

IT 40

IT Accountant Financial Institution Electronics 40

Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement?

Banking 40

Banking Bank Funds Accountant 40

Razorpay

DECEMBER 27, 2024

To register as a Payment Service Provider (PSP) in UPI, your business or institution must meet specific regulatory and technical requirements. Start by ensuring your PSP has the necessary license from the Reserve Bank of India (RBI) as a payment aggregator or gateway. Benefits of PSPs in the UPI Ecosystem 1.

Bank 40

Bank Banking Securities Financial Institution 40

Razorpay

JANUARY 21, 2025

Unified Payments Interface (UPI) and UPI Lite are digital payment systems designed to simplify transactions in India. While UPI allows you to send and receive money directly from your bank account, UPI Lite focuses on smaller transactions, enhancing speed and convenience. 1,000 per transaction; 4,000 per day. What is UPI?

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