Razorpay

JULY 25, 2023

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

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Accountant Corporation Financial Statement Business 98

Razorpay

SEPTEMBER 22, 2023

UPI works on a highly secure, layered architecture with multiple levels of encryption, ensuring the confidentiality and integrity of data during transactions. Let’s understand the meaning, role, UPI transaction flow, process of UPI transaction, functions and methodology of UPI: What is Unified Payments Interface (UPI)?

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Razorpay

FEBRUARY 13, 2024

In this comprehensive blog, we will delve into UPI vs IMPS detailed comparison, highlighting key factors such as convenience, security, and cost. In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. What are IMPS and UPI?

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Funds Accountant Bank Banking 52

Razorpay

DECEMBER 20, 2023

They offer various features and security measures to suit individual preferences and situations. Payment methods can take various forms, from traditional cash transactions to the latest digital innovations. PCI DSS sets guidelines and security measures to protect cardholder data, thus ensuring safe and reliable payment processing.

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Accountant Business Bank Banking 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. EFT networks operate by using secure, computer-based systems.

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Razorpay

NOVEMBER 5, 2023

IFSC facilitates paperless money transactions through various electronic payment tools, such as RTGS, IMPS and NEFT. IFSC helps track and monitor your transactions, thus reducing the risk of fraud or misuse of funds. With IFSC, the RBI can monitor and regulate all electronic transactions in the financial and banking system.

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Electronics Accountant Bank Banking 52

Wall Street Mojo

JANUARY 15, 2024

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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Economics Financial Transaction Business Management 52

Razorpay

SEPTEMBER 17, 2023

A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. It plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal.

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Bank Banking Financial Institution Accountant 52

Razorpay

SEPTEMBER 22, 2024

Automated Invoice Processing Automated invoice processing streamlines the entire workflow through the use of advanced technologies: STEP 1: Receiving the invoice Receiving invoices from vendors or suppliers through various channels like Physical mail, Email, Electronic data interchange (EDI) and Portal or online platform.

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Accountant Electronics Management Business 52

Razorpay

NOVEMBER 19, 2024

NPCI Guidelines For Mandate Cancellation NPCI has established guidelines for organizations that process electronic NACH mandates. All authentication and processing systems must maintain high-security standards while remaining user-friendly. Specify the amount associated with the mandate. Sign as per your bank account records.

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Wall Street Mojo

JANUARY 15, 2024

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

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Accountant Financial Modeling Financial Models Financial Statement 98

Razorpay

JULY 11, 2023

Electronic Fund Transfers: Current accounts support electronic fund transfers, allowing account holders to send and receive money electronically. Convenient and Easy Access to Funds: Current accounts provide quick and convenient access to funds through various channels such as checks, debit cards, and electronic transfers.

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Accountant Bank Banking Business 40

Razorpay

SEPTEMBER 20, 2024

POS System vs Cash Register: Key Differences A cash register is a simple mechanical device that can only process transactions and print receipts, whereas a point of sale (POS) system is a computerized system with advanced features like financial transactions, inventory management, customer order management, reporting, and analytics.

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Sale Management Business Retail 40

Razorpay

AUGUST 20, 2024

Enhanced Security and Compliance Automated systems enforce regulatory compliances and internal controls, mitigating risks and maintaining accountability in financial operations. With a projected 80% of invoices processed electronically by the end of 2024, automation is undeniably reshaping modern business operations.

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IT Accountant Business Management 40

Razorpay

MARCH 27, 2024

Record keeping : A checking account allows businesses to keep track of their financial transactions, which is essential for accounting and tax purposes. Access to credit : Having a checking account with a good standing can help businesses qualify for loans and other forms of credit from financial institutions.

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Accountant IT Financial Institution Bank 52

Razorpay

OCTOBER 6, 2024

When dealing with financial transactions, especially in business, it’s essential to understand the distinction between various types of invoices. Example 2: Importing Electronics Proforma Invoice : An electronics retailer in India plans to import a batch of smartphones from a supplier in China.

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Sale Business Accountant IT 40

The TRADE

APRIL 30, 2024

On 30 June 2023, Livor was replaced by the Secured Overnight Financing Rate (SOFR). Libor, which has been utilised as a key reference rate for various financial products and contracts globally for decades, has faced challenges due to manipulation scandals and a decline in underlying transaction volumes.

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Financial Institution Financial Market Risk Management Bank 69

Razorpay

APRIL 21, 2025

In today’s fast-paced digital world, businesses are constantly seeking efficient and secure payment methods to streamline their financial transactions. One such solution that has gained significant traction is the electronic cheque, also known as an e-cheque or eCheck. What Is an eCheck (Electronic Check)?

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Electronics Securities Accountant Funds 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.

Accountant 52

Accountant Funds Bank Banking 52

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. ACH debit is a type of electronic payment that allows a business or individual to withdraw funds directly from a payer’s bank account. What is an ACH debit?

IT 40

IT Accountant Financial Institution Electronics 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? Card Networks (e.g.,

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Bank Banking Funds Accountant 40

Razorpay

JUNE 20, 2025

to 1% of the transaction value. Cross-Border Processing Fee This is the fee charged by the payment processor or the merchant’s bank (the “acquirer”) for the service of securely handling and clearing the payment through complex international banking systems. Typical cost: 0.5% Platform Processing Fee – $16.65

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