1 Merchant Payments

This topic describes the functionality related to 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 Management: Enables the administrator to create and maintain merchant details.

For more information on merchant management, refer Merchant Management section of User Manual Oracle Banking Digital Experience Core.

External Payments Interface: Provides facility for interfacing with merchant sites and initiate a payment towards a merchant.