Evolvus NACH NPCI

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Information about Evolvus NACH NPCI
Finance

Published on February 18, 2014

Author: evolvus

Source: slideshare.net

Description

The slides give a basic understanding of how NACH works.

www.evolvussolutions.com

www.evolvussolutions.com NECS NACH Local ECS 2 Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute

www.evolvussolutions.com 3 Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute

www.evolvussolutions.com 1 Customer submit Mandate Registration, Amendment, Cancellation Customer 5 Service Provider Bank (optionally )informs the customer about the mandate request status 6 4 Payee Bank 4 NPCI validates mandate, Generates UMRN and sends it to Payee Bank Bank validates the mandate and sends confirmations to NPCI Service Provider sends all the mandates to his Bank for processing Bank process and sends mandate to NPCI 2 6 3 NPCI sends the mandate confirmation to the sponsor bank Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute 7 Sponsor Bank 8 Bank sends mandate status report back to the service provider

www.evolvussolutions.com 1 Service Provider informs customer about Credit Customer 5 Service Provider Bank (optionally )informs the customer about the credit 6 4 Payee Bank 5 2 NPCI passes the Credit request to Payee Banks Payee Bank credits the accounts and sends confirmations to NPCI 3 6 Service Provider sends credit file to his Bank for processing Bank process and sends file to NPCI NPCI sends the payment confirmation to the sponsor bank Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute 7 Sponsor Bank 8 Bank sends payments status report back to the service provider

www.evolvussolutions.com 1 Service Provider submits bills to the customer Customer 5 Service Provider Bank (optionally )informs the customer about the collection request 6 4 Payee Bank 6 2 NPCI validates collections against mandates and passes to Payee Banks Payee Bank debits the accounts and sends confirmations to NPCI 6 3 Service Provider sends collections file to his Bank for processing Bank process and sends file to NPCI NPCI sends the payment confirmation to the sponsor bank Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute 7 Sponsor Bank 8 Bank sends payments status report back to the service provider

www.evolvussolutions.com Offering & Expertise Risk Management, Payment and Business Process Automation   Flux: Image and Non-Image based Payment hub supporting NACH, UAEDDS, RTGS/NEFT and extending to SWIFT, SEPA compliance. Al Ethihad Credit Reporting. COMBAT: Risk management framework for Fraud Detection, AML, KYC Screening, Payment Filtering, IP Scanning, Case Mgmt and Regulatory Reporting.  7  Solutions company focused on Risk, Payments and Process automation in Banking.  Focus in Africa, Asia Pacific, Middle East & Europe  World HQ in Bangalore, India  75+ banking technology professionals Mantle: Unwired Banking (TM) - Mobile/Tab Banking  The Right Partner Solutions: Data Migration and transformation, Testing, Verifi cation & Validation, Consulting Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute. Key Customers

Thank You www.evolvussolutions.com

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