Razorpay

OCTOBER 13, 2023

Letters of Credit This is one of the most secure ways for global money transfer for an exporter. Wire transfer: Typically processed by banks or financial institutions through a secure and networked system like SWIFT (Society for Worldwide Interbank Financial Telecommunication), it is the most preferred method for cash-in-advance.

Business 64

Business Accountant Bank Banking 64

Razorpay

SEPTEMBER 17, 2023

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?

Banking 52

Banking Bank Financial Institution Accountant 52

Razorpay

JANUARY 2, 2024

A payment processor is a service that facilitates online transactions by securely transmitting payment data between the merchant, customer, and acquiring bank. It is crucial to ensure card payments are processed smoothly and securely. A payment processor securely transmits card data for online purchases.

IT 52

IT Accountant Funds Bank 52

Razorpay

MARCH 21, 2024

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. API-based eNACH, more commonly known as eMandate, was introduced by NPCI around 2018. How do e-mandates work? A bank account statement or passbook copy.

IT 98

IT Bank Banking Accountant 98

Razorpay

APRIL 10, 2025

e-Mandate Key Takeaways The financial institution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.

IT 76

IT Insurance Bank Banking 76