Razorpay

DECEMBER 1, 2023

Once you have set up a business account, it is important to set up an online merchant account as well. But what is a merchant account? Let’s read further to learn everything about merchant accounts. Let’s read further to learn everything about merchant accounts. What is a Merchant Account? Wondering why?

Accountant 52

Accountant Business Risk Assessment Banking 52

Razorpay

FEBRUARY 22, 2024

Secure Electronic Transaction (SET) is a secure electronic payment system that ensures the confidentiality and authentication of online transactions. SET works by encrypting sensitive financial information for all parties involved in the transaction. Let’s define secure electronic transactions in detail.

Electronics 52

Electronics Securities IT Accountant 52

Razorpay

MARCH 19, 2024

Many startup founders initially feel that they can manage their organisation without having a current account. However, sooner than later, they would realise they require a current account to facilitate streamlined withdrawals, deposits and other business transactions. Let’s get right into it. What is a Startup Current Account?

Accountant 52

Accountant Bank Banking Business 52

The TRADE

FEBRUARY 29, 2024

What is the current state of play in Peru when it comes to market data and electronic pricing? Foreign banks with well-established electronic platforms have been able to provide liquidity in spot and forward instruments. In the case of USD/PEN, the story is a little bit different. Electronification should be a natural path for Peru.

Trading 101

Trading Electronics Financial Institution Bank 101

Razorpay

MAY 6, 2024

These actions involve secure gateways, banks and consumer accounts to facilitate the exchange of funds for goods and services. This shift has been made possible by the speed and effectiveness enabled by modern technology – it has transformed how we handle financial transactions. Popular examples include Paytm and Google Pay.

IT 98

IT Financial Institution Financial Transaction Funds 98

Razorpay

JANUARY 15, 2025

Debit Card EMI is a financial service offered by banks and financial institutions that allows debit cardholders to split high-value purchases into manageable monthly instalments. Popular products eligible for Debit Card EMI include electronics, furniture, and home appliances. What is Debit Card EMI?

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Bank Banking Accountant Finance 52

Bronte Capital

MAY 21, 2021

The words of the release outlined what the key issue was - trust in a financial institution. In this situation it is particularly important that the judgements required for accounting and measurement purposes are not influenced by considerations that are not appropriate. The stock rose sharply. Lease receivables’.

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Financial Statement Management Accountant Electronics 100

Razorpay

MARCH 21, 2024

A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. E-mandates are electronic authorisations that allow payers to set up recurring payments for various services or subscriptions. How do e-mandates work?

IT 98

IT Banking Bank Accountant 98

Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. It plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal. Bank Approval: Your bank reviews the request and checks your account. What is a Payment Gateway?

Banking 52

Banking Bank Financial Institution Accountant 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. What is a Payment Network?

IT 40

IT Financial Institution Funds Banking 40

Razorpay

MAY 9, 2024

E-commerce businesses use electronic payment methods to receive money in exchange for their products or services. These payment systems have completely revolutionised the online business process and made it easy for businesses and customers. It is important to have a bank account before getting a debit card.

Accountant 52

Accountant Electronics Bank Banking 52

Razorpay

NOVEMBER 19, 2024

NACH mandate cancellation is an important process that every account holder should understand. The mandate is a formal authorisation given to banks and institutions. This authorisation allows the automatic debiting of specified amounts from the customer’s bank account on scheduled dates. How Do e-NACH e-mandates Work?

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Accountant Banking Bank Electronics 40

Razorpay

NOVEMBER 30, 2023

This credible robust infrastructure has paved the way for financial institutions, including the NBFCs, to reach areas that were earlier dismissed as “unserviceable.” The NBFC-Fintech collaboration NBFCs are strategically investing in new technologies and establishing partnerships with financial institutions and FinTech companies.

Accountant 52

Accountant Book-building Business Financial Services 52

Razorpay

DECEMBER 20, 2023

Debit Card Payments Debit cards allow you to make transactions by deducting funds from your bank account. Limited funds: You can only spend what’s in your bank account. They must then set up a merchant account, essentially a business bank account that allows for electronic payments.

Accountant 52

Accountant Business Bank Banking 52

Razorpay

AUGUST 9, 2024

Processing Transactions The terminal communicates with financial institutions or payment gateways to authorize and complete payments, transferring funds securely from the customer’s account to the merchant’s account. These kiosks are commonly found in airports, grocery stores, and retail establishments.

IT 52

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Razorpay

MAY 31, 2024

ACH (Automated Clearing House) ACH transfers are electronic bank-to-bank transactions processed through the Automated Clearing House network. SWIFT (Society for Worldwide Interbank Financial Telecommunication) The SWIFT network is the most widely used system for international payments.

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The TRADE

AUGUST 8, 2023

The SEC specifically highlighted electronic communications and the widespread and longstanding failures by firms and their employees to maintain and preserve these. financial markets.  financial markets are on notice—The era of evasive communications practices is over. The CFTC will hold you accountable. billion to date.

Capital Market 52

Capital Market Capital Bank Banking 52

Razorpay

OCTOBER 8, 2024

Many financial institutions need a proforma invoice as proof of intended purchase before providing loans or credit lines. They should not be documented in accounts receivable since they do not reflect a completed sale or payment demand. Review for accuracy and send to the buyer electronically.

IT 52

IT Negotiation Sale Electronics 52

Razorpay

AUGUST 13, 2024

Regulatory Alignment Striving for PCI DSS compliance ensures the security of payment card data and prepares businesses to comply with other regulations like HIPAA (Health Insurance Portability and Accountability Act) and SOX (Sarbanes-Oxley Act). It sets a strong foundation for overall regulatory alignment. Is PCI DSS mandatory?

Business 52

Business Securities IT Accountant 52

The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

Financial Institution 69

Financial Institution Financial Market Risk Management Bank 69

Razorpay

APRIL 21, 2025

One such solution that has gained significant traction is the electronic cheque, also known as an e-cheque or eCheck. In this article, we will delve into the intricacies of electronic checks, exploring their functionality, benefits, and how they are revolutionising the landscape of payment processing.

Electronics 40

Electronics Securities Accountant Funds 40

Razorpay

JANUARY 27, 2025

In the world of digital payments , ACH debit has emerged as a reliable and cost-effective method for businesses and individuals to send and receive funds electronically. It revolves around the concept of pulling funds directly from a payer’s bank account, as authorised by the account holder. What is an ACH debit?

IT 40

IT Accountant Financial Institution Electronics 40

Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and use cases. financial institutions.

Accountant 52

Accountant Funds Banking Bank 52

Razorpay

MARCH 24, 2025

An ACH return refers to an electronic transaction sent back to the sender due to processing issues within the NACH system. Your transaction might be returned if there aren’t enough funds in the account, if the account is closed, or if the account details are incorrect. What Causes ACH Returns?

IT 40

IT Accountant Banking Bank 40

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. This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate. How Does e-Mandate Work?

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IT Insurance Banking Bank 76

Razorpay

DECEMBER 17, 2024

Essentially, a payment gateway acts as a bridge between a merchant’s website or point of sale (POS) system and the financial institutions involved in the transaction, ensuring the secure transmission of payment information. The only prerequisite is that you have a merchant account on their site.

Business 52

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Razorpay

NOVEMBER 25, 2024

A payment service provider (PSP), also known as a merchant service provider , is a third-party entity that facilitates electronic payment transactions for merchants. Operating across various payment networks , PSPs ensure seamless connectivity between different financial institutions and payment systems.

IT 52

IT Accountant Business Bank 52

Razorpay

JUNE 20, 2025

A cross-border fee is an extra charge applied when a transaction involves two countries—usually when your bank card or payment account is used outside its issuing country or for payments in a foreign currency. Use Multi-Currency Accounts: Holding funds in currencies like USD or EUR can help avoid frequent conversion fees.

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Banking Bank Accountant Profitability 52

Razorpay

MARCH 21, 2025

These transactions eliminate the need for a traditional intermediary, such as a bank or financial institution. Link Your Account: Connect your bank account, debit card, or digital wallet to the P2P service. Recipient Accesses Funds: The recipient can use the funds within the app or transfer them to their bank account.

Business 40

Business Accountant Banking Bank 40

Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement? Visa, Mastercard).

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Banking Bank Funds Accountant 40