Understanding Mandates and e-NACH Cancellation The National Automated Clearing House (NACH) is a centralised payment system established by the Reserve…
Digital transactions have become a convenient and secure way of transferring money in India, with UPI taking the lead. Many…
In business transactions, understanding the distinctions between credit and debit notes is crucial for accurate financial management. Both documents play…
What is an EDC Machine? An EDC machine is an electronic device that captures and processes payment data from debit…
What is Payment Aggregator? A payment aggregator is a third-party service provider that enables customers to make and businesses to…
Payment processing is the backbone of financial transactions in today’s digital world. Understanding its fundamentals is essential for businesses and…
In today’s fast-paced business environment, efficiently tracking POS transactions is crucial for maintaining accurate financial records, managing inventory, and making…
What is Payment Settlement? The payment settlement is a process in any financial transaction where the issuing bank transfers funds…
Difference Between IMPS and NEFT The main difference between IMPS and NEFT lies in their transaction timing and processing: IMPS…
What is Invoice Management? Invoice management is the process of handling invoices from suppliers and vendors, including receiving, validating, paying,…