The advancement in technology has made it possible to effectively and efficiently integrate data across various processes. Financial institutions are increasingly getting integrated with each other. Banks can get more done with time by reconciliations models, auto-categorize transactions, manage accounts, also provide loan facilities with ease and digitally. This would reduce manual activities by automating bank transactions with the help of integration with other support systems like credit bureaus, asset management companies and various private and government agencies.
One of today’s quickest and easiest means of payment is direct debit, has found its place in the digital world. Transdigital’s E-mandate registration methodology allows banks and financial institutions to accept e-Mandates on their own website, while buyers can authorize mandates in the trusted environment of their own bank.
Transdigital Payment Gateway fulfils a vital role in the ecommerce transaction process, authorizing the payment between merchant and customer. The payment gateway performs several tasks to finalize the transaction. It is a system designed to handle end to end payments. It is easy to integrate checkout with cards saved across businesses so that customers can pay seamlessly everywhere. It also enables to take better business decisions with the availability of reports and detailed statistics on payments, settlements and refunds.