What is UPI Interchange Fee And How Does It Impact Payments?
The National Payments Corporation of India (NPCI) recently introduced an interchange fee structure for Unified Payments Interface (UPI) transactions made through prepaid payment instruments (PPIs) like digital wallets. But what…
Read more »
Payment Processing Challenges: 7 Important Things to Know
As e-commerce grows, payment processing has become essential for online businesses but presents several challenges. One major challenge is transaction fees from payment processors, which can eat into profits significantly…
Read more »
What is EDC Machine? A Complete Guide
EDC or Electronic Data Capture Machine, commonly known as a payment terminal or card machine, is an electronic device that allows merchants to accept card payments from customers. In…
Read more »
Payment Gateway Security Measures You Should Know
Some of the key protections discussed include advanced encryption techniques that shield sensitive information during transmission. This involves strong user authentication, PCI DSS compliance, SET-Secure electronic transactions, data encryption, and…
Read more »
Bank Reconciliation Importance: Boosting Business Financial Accuracy
Maintaining accurate financial records is essential for success in the fast-paced world of finance & business. One critical aspect of this process is bank reconciliation. Bank reconciliation plays a vital…
Read more »
