eNach Brochure - Veri5Digital(Khosla Labs)

1. Automate collections using eNACH Collecting recurring payments from customers has always been time consuming and operationally intensive. In today's digital age, businesses need a solution that saves time and costs for themselves and provides presence-less, paper-less experience for their customers. API based eNACH allows customers to digitally authorise mandates using their net banking and debit card details. Upload payment requests on registered mandates and get money directly in your account. Automate your collections 1 2 3 Register Mandate from your Customer Upload Payment File to Sponsor Bank Get Money in your Account Allow your customers to authorise mandates digitally. Create a payment file with the mandate details and payment due date. Money is credited your account at the end of the day. Mandate authorisation in 4 easy steps Verify Mandate Details Select Bank and Authorization Mode Enter Banking Credentials Mandates authorized successfully Your customers verify the mandate details and provide consent. Customers select bank and authorisation mode Authorise mandate using net banking and debit card details Registration of the mandates will happen in T+2 days. Debit your customers account in 2 steps Upload File to Sponsor Bank Get Money in your Account Upload payment file to sponsor bank using our portals Money will be credited without any intervention from the customers Use Cases Product Highlights Banking and lending (EMI) collections Completely paperless Lower rejection rates Insurance Premium Payments Faster registration time Investments using SIP Faster integration and go live Utility Bill Payments Secure technology platform Subscription Fee Payments Easier reconciliation Education Fee Payments How does it work? Flexible Deployment Methods Mobile Desktop hello@veri5digital.com 080-46809349 www.veri5digital.com © 2019, Khosla Labs Private Limited