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Businesses and organizations who operate a large number of bank accounts – in some cases, in the thousands – often experience difficulties in tracking and reconciling their payments and collections. There is also a significant cost in opening, ma...

Today, an increasing number of organizations have begun to recognize the benefits of using a single account for channeling payments and / or collections using Virtual Accounts (VA). Virtual accounts add value by streamlining, rationalizing and simpli...

Request to Pay (RtP) is a concept designed to give greater flexibility to consumers and businesses while making payments. It has also been quoted as being one of the key services that will be enabled through open banking. Request to Pay is intended ...

The e-commerce and online purchase industries have only seen better days since the emergence of digital payment modes.  Add to it the demonetization drive by the sarkar leading to the mushrooming of the digital payment platforms like Net Banking, M...

The global digital payment revolution has offered fertile conditions for improving efficiency and refining cash management operations for corporates to take advantage. Virtual accounts offer a particularly compelling option. Mindgate’s Virtual Acco...

Banks and financial institutions today have access to a multitude of solutions for managing the merchant acquisition ecosystem. Each acquiring that the banks enable as service offerings to its merchants require the banks to onboard and integrate the...

For banks worldwide, payment and collection solution services are an increasingly important source of revenue and driver of loyalty among corporate customers. For corporate offices and SMEs, expectations around the efficiency and convenience of pay...

The digital payment landscape in India is undergoing a massive transformation. The past few years have seen a significant exodus to digital payments especially after the strong steps implemented by the government (read: demonetization) in favor of ca...

The payments landscape within banks is often-times complicated due to the many intertwined fragments such as payment type, currency, clearing mechanism etc. which comes as a part of the age old legacy systems. In most cases, banks have to deal with ...

Automating the reconciliation process of corporate accounts can boost the speed of one of the most time-consuming tasks in any finance and accounting department. Without a doubt, manual reconciliation is the least efficient process in a company. Stil...