IndiaPay

IndiaPay Global provider of Payment Gateway, Merchant Account, Card Processing solution Since 1996. We have an answer to every prospect’s pain… and now so will you.

IndiaPay Payment Engine Launched in India – An enterprise-wide payment processing platform for routing commercial payments between buyers, suppliers and their financial institutions. The IndiaPay Payment Engine is a comprehensive, end-to-end, modular solution that offers several key features, including immediate paper check truncation with straight through processing from merchant’s counter top, w

hich can enhance security and control for financial institutions and their corporate customers. Check Truncation at Merchant’s Location

IndiaPay offers banks and their corporate customers a bevy of top-rate products. From Check conversion to image encryption and transmission, we really have what it takes to process paper checks at electronic speed and get money faster. Through years of experience in the check industry we recognized that by using latest technology available, we can reduce delays, provide maximum efficiency and instant settlement results to the parties involved in check payments. IndiaPay has created a check truncation program that is a comprehensive answer to make the whole payment collection by check process faster, efficient and fraud safe. In addition to collecting and presenting checks to the CTS, our platform provides back end capabilities to the presenting banks and corporation to precisely comply with all RBI norms and regulations. Comprehensive Credit/Debit/Cash Card Processing
Saves businesses the expensive and difficulty of implementing a turnkey payment processing solution. IndiaPay Platform provides all the service and functionality a business needs to start accepting credit/debit and prepaid cards at the store through POS (Point of Sale Terminal) , online, through mobile and through IVR. Rapid Payment Processing

Delivers instantaneous payment processing to maximize sales opportunities and customer satisfaction. Accept all major Credit/Debit/Cash cards. Visa, MasterCard, American Express, Diners Club and JCB. By accepting all major credit cards your business can increase its sales potential. You can also accept different prepaid cards. Online Merchant Center

IndiaPay Online Merchant Center provides enterprise back-office services featuring robust reporting and utility options. IndiaPay provides businesses the tool they need to effectively manage their online business. Industrial-strength security screening

Ensures customers 100% online purchasing security over secure socket layer (SSL) or dedicated lease line. Fraud & Risk Management

Customizable fraud and risk management system that allows businesses to employ an optimal level of protection for their business. The result is maximized sales and minimized risk. Excellent World Class Support from Industry Leaders

IndiaPay provides advanced and reliable client support with signed SLAs. IndiaPay gives businesses the personal attention and responsiveness they need to succeed online. Financial Services Benefits

Financial institutions that process payments with the new platform can enjoy automated payments with straight through processing, decreased paper check processing costs, automated reconciliation via enhanced remittance information for common payment types and preference among buyers that pay electronically. Corporate customers that rely on IndiaPay Payment Engine can drive efficiencies by streamlining their payment options, integrating with existing accounts payable processes and can save money by enabling one connection. The modular nature of the IndiaPay Payment Engine will provide financial institutions with an enterprise-wide electronic solution that they can re-brand and make available to their corporate customers, or integrate into their current product offerings to enhance their functionality and efficiency. This can enable them to increase payment volumes without building infrastructure, potentially grow profits with additional fees, deepen customer relationships and differentiate from the competition. Corporate Offices:-

INDIA:-
Suite 422/423,Unique, Twin Tower Lane,
Opp Siddhivinayak Temple,
Prabhadevi,
Mumbai 400025
022-64230531/32



USA OFFICE
533 Johnson Ferrry Road,
Suite #350 Marietta,
GA 30068

25/11/2014

Accepting credit cards is becoming a must for small and medium sized businesses conducting business online. Customers are increasingly turning to plastic when they open their wallets. The average American cardholder has four credit cards.

Retail ATM Giant acquires stake in IndiaPay to enter Indian Market.India’s Financial Services sector is booming due to n...
08/01/2013

Retail ATM Giant acquires stake in IndiaPay to enter Indian Market.

India’s Financial Services sector is booming due to new initiatives by Indian government and the Reserve Bank of India to bring financial reforms. It has opened doors to vast market of burgeoning billion plus population by allowing foreign investment in various sectors including financial services. India has less than 150,000 ATMs deployed across the whole country for a billion plus population. The average ATM does about 300 transactions per day in India. There is vast scope and market for ATM service providers.

IndiaPay which proudly calls itself “India’s Payment Superstore” manages reliable and secure ATM and mobile payments infrastructure across India’s heartland. Recently, South Korea’s largest banking equipment manufacturer Hanmega and group company Genmega, Inc. acquired stakes in IndiaPay.

Unmesh Laddha, President and CEO of IndiaPay “We have collaborated on number of projects, and bringing the Hanmega and Genmega group as stakeholders will provide our client banks and financial institutes with a complete list of value-added services from one organization. We believe the addition of Hanmega hardware expertise and Genmega retail ATM solutions to the product lines and services sold by IndiaPay, will allow IndiaPay to provide a high level of local serviceability and technical support to ATM transactions in the Indian heartland that is currently lacking.”

“I couldn’t be more pleased with this acquisition. The combination will allow us to serve the vast Indian market and also be part of global IndiaPay brand.” stated CK Kang, President and CEO of Genmega, Inc.

About IndiaPay: Technology Service Provider to banks and financial institutes. It’s solutions include White Labeled ATMs, Mobile Banking, POS Switching, White Labeled Internet Payment Gateway, Global Remittance Plantform and Cash Management Technologies customized for many Indian banks. IndiaPay also manages a vast branch network across Indian cities and towns with offices in Mumbai, India and Atlanta, GA in USA. For more info visit www.indiapay.com

About Hanmega and Genmega
Hanmega with Genmega is the 4th largest ATM manufacturer leading the market for Retail ATM solutions. Genmega deploys thousands of ATMS across US every year.
For more info visit www.genmega.com

IndiaPay is a Global Service provider processing all types of Electronic Payment Transactions for financial institutes and corporate customers.

Implementation of Cheque Truncation System (CTS) compliant cheques.As per RBI guidelines, banks have been instructed to ...
08/01/2013

Implementation of Cheque Truncation System (CTS) compliant cheques.

As per RBI guidelines, banks have been instructed to issue CTS (Cheque Truncation System) Compliant Cheques.

However, if your chequebook does not carry cheque leaves with NEW features; please order a new chequebook at the earliest.

08/01/2013

Cheque Truncation System: Banks to block circulation of non-CTS cheques by March 31, 2013.

According to a notice issued by the Reserve Bank Of India, the circulation of non-CTS cheques should be blocked by March 31, 2013 and replaced by Cheque Truncation System, CTS 2010 standard. People are now approaching banks for getting cheque books according to the new format issued.

Comparing the old system of cheques with the new CTS, RK Gupta, Manager, Punjab National Bank said, “Now there is no obligation to send the cheques physically as the image of the cheque is captured by the system and sent electronically. The format is standardized and the new features like the invisible logo of the bank and void pantograph help keep a check on fraudulent cheques”.

“The new system is very genuine and brings a lot of ease to the users, though the prohibition of any alterations in the cheque will surely require some practice,” said Vaishali Grover, an account holder at PNB. Similarly, Ravinder Yadav, Manager, Bank Of India (BOI) said, “ More than fifty account holders request it on a daily basis”.

The system has a lot of new features, specifically the security feature and the clearing of cheques on the same day. Harjot Kaur, Senior Manager, UCO Bank said “CTS 2010 is surely a great technological development in the banking industry as it makes it easier for the banks to work as a group”. On the other hand, Lovely Khurana is quite convinced and satisfied with the fact that the clearing of cheques will no more take three long days.

The CTS 2010 standard is highly accessible and profitable though it might lead to the wastage of resources as people lack complete knowledge. The old cheques cannot be used for clearing but can still be used for withdrawal purpose. The last date to completely stop the circulation and usage of the old format was earlier decided to be December 31 which is now changed to March 31 and with people becoming more aware, it gives them quite some time to act accordingly for minimal wastage and misuse of resources.

Dinesh Wakadikar, a business man, said, “I don’t mind disposing off my old cheque book as if one has to move on and grow with the new technology then its negative aspects should be accepted as well.”

Satnam Singh, Case Manager, State Bank Of India, said, “We have started issuing new cheque books and we make sure that our customers have a knowledge of the new system so that 90% of the old cheques are consumed before the notified date”.

06/11/2012

In electronic commerce, an online payment gateway is the term used to describe an application service provider that authorizes and processes electronic payments between you, your customer, the customer’s credit card-issuing bank and your own bank. It is an important piece of the online transaction ...

06/11/2012

A good payment gateway must have the following features: several payment options, fraud screening features, secured server, efficient customer support team, faster processing, free add-on features, and is user-friendlyA payment gateway is essential in any e-commerce business. It authorizes, settles,...

06/11/2012

A card payment gateway is a way to process transactions online which involve credit and debits cards. Card payment gateways are an essential tool in the electronic transactional process between customers, business and the banking institutions.So a card payment gateway acts as portal for the money to...

06/11/2012

Bankingsector has evolved significantly in recent years, with lots of inventions in its mechanisms. It started with having huge amount of banking books to contain the records of the all the transaction & now it’s all stored in servers that gives bank a huge space to store all the data. One of the im...

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Suite 422/423, Unique, Twin Tower Lane, Opp Siddhivinayak Temple
Mumbai
400025

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