Merchant Payments

A merchant account is a type of bank account that enables businesses to accept payments in multiple ways, typically using debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payments.

Merchant Onboarding facilitates the system administrator to set up and maintain merchants using the channel banking platform. This, in turn, enables the users to initiate merchant based payments using the channel banking facility.

• Merchant Maintenance : Enables the administrator can create and maintain merchant details
• External Payments Interface : Provides facility of interfacing with merchant sites and initiate a payment towards a merchant.