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Can eNACH be Easily Integrated into Existing Payment Systems and Platforms?

eNACH (Electronic National Automated Clearing House) is the latest technology in the digital payments landscape, which helps businesses streamline the process of collecting recurring payments. The eNACH concept automates the process of debit and credit from customersu2019 bank to your business account. https://www.fidypay.com/enach/<br>

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Can eNACH be Easily Integrated into Existing Payment Systems and Platforms?

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  1. www.fidypay.com FIDYPAY COMPANY FidyPay is among the stand-out BaaS platform providers for your business to enable financial services through the plug & play APIs.

  2. www.fidypay.com Can eNACH be Easily Integrated into Existing Payment Systems and Platforms?

  3. www.fidypay.com ENACH eNACH (Electronic National Automated Clearing House) is the latest technology in the digital payments landscape, which helps businesses streamline the process of collecting recurring payments. The eNACH concept automates the process of debit and credit from customers’ bank to your business account. Payment Successful

  4. www.fidypay.com Payment Successful But can this solution be integrated into your existing platforms or payment systems? Yes, this is possible, as you don’t have to revamp your entire business platform to integrate eNACH facility. You can just get it additionally integrated into your existing platform. If you want to know how, read along this article till the end!

  5. www.fidypay.com If you want your business to adopt eNACH solutions to make it easy for your customers and your business to deal with recurring payments, you ought to seek integration by professional service providers. You must integrate eNACH into your existing payment systems through dedicated APIs. 01 The eNACH API is an integration that enables your business to connect your current payment systems to the eNACH server. This API will enable you with real-time communication between the two systems. Thus, transactions will be processed smoothly, and the payment data will be synchronized. 02 HOW CAN YOUR BUSINESS INTEGRATE WITH YOUR EXISTING PAYMENT PLATFORM OR SYSTEM?

  6. www.fidypay.com This API will collect the data automatically for directing the users to the official NPCI portal for confirming the eNACH registration. The mandate data will be forwarded to the customer’s bank. The customers can then authenticate the request for a mandate at their bank using their net banking or debit card details. 03 Payment Successful Thus, in this way, eNACH API helps businesses leverage the potential of their existing payment interfaces to integrate this new payment solution for customers. 04

  7. www.fidypay.com What are the Ways in which Businesses Can Use eNACH APIs?

  8. www.fidypay.com • Easy Monthly Instalments As a FinTech business or an online marketplace, you will be able to set repayments from your customers as monthly EMIs. This API would help you set up auto-debit from the customer’s account towards the product or service you have offered them. Businesses can make use of eNACH APIs to enable customers with various payment flexibilities, such as: • Automating Payment of Insurance Premiums If you are an insurance service provider, you can set up an auto-debit feature for your policyholders to make automated premium payments. It will eradicate the hassle of manually authorizing the transactions or forgetting the payments. • StreamliningMerchant Collections As a vendor, you will now be able to automate your payment collection requirement toward all the recurring services you offer to your clients. You don’t have to send paper bills to them anymore!

  9. www.fidypay.com CONCLUSION This article made it clear that eNACH can be integrated into the existing payment platforms or systems of your business. So, irrespective of the service or product you offer, you have the liberty to provide this payment flexibility to your customers. With this, you will eventually record more sales and revenue over the course of time. So, if you are willing to integrate eNACH solutions into your platform, FidyPay can help you get it done right away! We have the best tools and expertise to help you with the needful!

  10. CONNECT WITH US Phone 6232082424 Mail care@fidypay.com Website www.fidypay.com Address 1st Floor, 104, New IT Park, Electronic Complex, Pardesipura, Indore, Madhya Pradesh 452010

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