Smart Mandate Solution
Why Smart mandates
Corporates, utility providers and banks in India are looking to register the customer’s mandate in an easy, secure and cost-effective manner.
The National Payments Corporation of India (NPCI) NACH platform facilitates high volume inter-bank electronic payments which may be repetitive or periodic in nature. Customers can authenticate NACH mandates in various forms using paper mandates as well as electronic mandates for these kinds of payments.
Mandate authentication made easy
Mandate API Service allows corporates, utility providers and banks to give customers several choices by which they can authenticate mandates.
Secure single point solution for all NACH mandates
Easy and cost effective way to initiate mandates anywhere, anytime
Best in class performance, highly mature solution coupled with multi-level data validation
Robust and scalable gateway for corporates and sponsor banks to use directly
Features
Highly Secure
Mandate registration is processed in a highly secure, online environment.
Reduced Go-to-Market Time
A full-fledged ready-to-use, plug-and-play solution that needs no prior set up, promises reduced go-to-market time.
Complete Mandate Lifecycle Management
The Flux Mandate Service is a comprehensive, end-to-end solution to register and manage customers’ mandates.
Shorter Acceptance Cycle
Eliminate manual intervention through complete end-to-end automation and Straight Through Processing.
License / Pay per-use Model
Clients have the flexibility to purchase a product license for uninterrupted access to the Flux Mandate Service. They can also experience the product on a pay-per-use basis.
Single API for all Mandate Variants
One single, integrated API for all types of mandate needs and requests.
Product Maturity & Committed Roadmap
NACH products have been in the market ever since the inception of NACH. This solution has been developed by highly experienced experts from the payments industry.
Time Tested and Growing Clientele
The Mandate Service has been a preferred mandate processing solution among a distinguished clientele and customer base over several years.
Complete Mandate Validation
Mandate Service helps to significantly reduce the mandate rejection rate. Clients can benefit by saving time and effort on customer follow-ups and representation of mandates.
Mandate Service offers easy integration with NPCI & eSign Service Providers
Flux eSign Mandate will perform below operations in compliance with NPCI guidelines.
Conversion of mandate data in NPCI NACH format (PAIN format)
Provide the data to other channels of Corporate/NBFC in NPCI format
Update the mandate status with response received from Sponsor bank.