Razorpay

JULY 11, 2023

Electronic Fund Transfers: Current accounts support electronic fund transfers, allowing account holders to send and receive money electronically. This feature ensures convenient and timely receipt of funds. This facility typically comes with interest and fees and must be repaid in time. What is RazorpayX?

Accountant 40

Accountant Banking Bank Business 40

Razorpay

OCTOBER 27, 2023

Payment security refers to the processes and practices used to safeguard financial transactions, funds and personal information of clients from threats like online and offline payment fraud, unauthorized access, and data breaches. What is Payment Security? This will help reduce the risk of cybercrime and fraud.

Securities 98

Securities Banking Bank Business 98

Razorpay

MARCH 27, 2024

Record keeping : A checking account allows businesses to keep track of their financial transactions, which is essential for accounting and tax purposes. Access to credit : Having a checking account with a good standing can help businesses qualify for loans and other forms of credit from financial institutions.

Accountant 52

Accountant IT Financial Institution Banking 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. EFT networks operate by using secure, computer-based systems.

IT 40

IT Funds Financial Institution Banking 40

Wall Street Mojo

JANUARY 16, 2024

It aims to nullify the difference in the same or next accounting period Accounting Period Accounting Period refers to the period in which all financial transactions are recorded and financial statements are prepared. Balance reconciliation is required to ensure that all purchases and sales transactions are recorded properly.

Accountant 52

Accountant Banking Bank Financial Modeling 52

Razorpay

FEBRUARY 13, 2024

In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. IMPS allows you to transfer funds up to Rs. IMPS allows you to transfer funds up to Rs. However, it has a transaction limit of up to Rs. What is IMPS ?

Funds 52

Funds Accountant Banking Bank 52

The TRADE

APRIL 30, 2024

By mandating banks to hold more capital in reserve, Basel III’s goal is to improve the stability and solvency of financial institutions, alongside reducing the possibility of bank failures during periods of economic turmoil.

Financial Institution 69

Financial Institution Financial Market Risk Management Banking 69

Wall Street Mojo

JANUARY 15, 2024

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

Accountant 98

Accountant Financial Modeling Financial Models Financial Statement 98

Razorpay

SEPTEMBER 22, 2023

Introduced by the National Payments Corporation of India (NPCI), and regulated by the Reserve Bank of India (RBI), UPI has transformed digital transactions, streamlining the process of transferring funds between individuals and businesses. The NPCI checks the sender’s account details, account balance, and fund availability.

IT 98

IT Accountant Banking Bank 98

Razorpay

JULY 25, 2023

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

Accountant 98

Accountant Corporation Financial Statement Business 98

Razorpay

NOVEMBER 29, 2023

Thus, businesses must prioritise payment security to protect their funds and ensure customer loyalty. According to the IBM Security report of 2023, the average cost of a data breach in India reached INR 17.9 This represents a 28% increase since 2020! You must be wondering what a secure payment gateway is. What is Payment Security?

Securities 98

Securities Business IT Education 98