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Transaction Motive

Wall Street Mojo

What Is A Transaction Motive? Transaction motive refers to the desire to hold cash to facilitate everyday cash-based financial transactions such as business and personal needs, covering payroll, purchases, and bill payments. Two major factors drive its functioning: the level and frequency of transactions.

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What is Payment Security? Actionable Guide to Securing Your Online Payments

Razorpay

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? Many banks and e-payment gateways use 2FA for their payment modes.

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Core Banking Solution (CBS)

Razorpay

With the emergence of different core banking solution types, submission of reports to regulatory boards and the government has become convenient. In addition, businesses can offer services and products to customers at nominal rates. It helps to bring down and manage operational costs involving lesser manpower for process execution.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

The regulation also introduced stricter rules on investor protection and product governance, particularly through mandating more rigorous suitability and appropriateness assessments, to ensure that financial products and services are aligned with investors’ needs and risk profiles.

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Current Accounts: Understanding and Maximising Business Banking

Razorpay

This accessibility allows for seamless and efficient management of day-to-day financial transactions, including purchases, bill payments, and withdrawals. These can include cash management services, merchant services for card payments, business loans, and specialized account options to support business operations and financial growth.