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A brokerage is a company that mediates transactions and fosters market liquidity in the financial markets by acting as a middleman between buyers and sellers. This could be a major exchange like the New York Stock Exchange (NYSE) or an electronic communications network (ECN) that automatically matches buy and sell orders. In the U.S.,
It plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal. Use Acts as a terminal for card validation and fraud prevention Acts as mediator between merchants and financial institutions to facilitate credit card transactions. What is a Payment Processor?
E-mandates are electronic authorisations that allow payers to set up recurring payments for various services or subscriptions. They are convenient, secure, and hassle-free. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.
Electronic Mandate (eMandate) works as a standing instruction that allows banks to automatically debit the specified amount as recurring payments from your bank account. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. How Does e-Mandate Work?
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