#enach

[veri5digital]

Differences Between E-Nach and E-Mandate | Know Interesting Facts

Before the introduction of the eNach mandate and other mandates, the conditions of financial institutions were heavily dependent on manual labor and paperwork. This involved intense utilization of manpower, even for low-value tasks.

The manual paperwork process required to complete high-volume payments that resulted in delays, errors, frauds, and operational inefficiencies that could have been rectified by the adoption of better technologies. 

Moreover, it is also a challenge to maintain comprehensive documentation of the financial history of a large pool of customers.

For this reason, the world of financial transactions and mandate management has witnessed a significant transformation. The incorporation of eNach and eMandate solved all the mentioned problems and unburdened the banking institutions by facilitating the easy transaction of recurring payments by an automated system.

For instance, by consenting to these technologies, you can easily pay electricity bills, school fees, and insurance premiums without needing them to be manually approved or physically visiting a bank.

Despite having similar purposes, these two payment systems are different. 

The blog would therefore focus on what eNach and eMandate are as separate payment options and how they are different from each other. It would also highlight the benefits of these gateways.

What is eNach mandate?

eNach mandate, or the Electronic National Automated Clearing House, is a vital tool that facilitates interbank high-volume and low-volume transactions that are recurring in nature. 

The whole process is done through enabling digital technology, which minimizes the resource dependency on form-filling, administrative, and operational investment.

The eNach mandate acts as customer authorization for banks to debit or credit funds automatically. The customer need not to manually give permission to authenticate the recurring payment every moment of time.

It comprises all the electronic clearing systems that were earlier used by lenders to automatically debit payments from borrowers without the hassle of periodic reminders.

To avail of the eNach mandate facility for debit or credit, customers have to digitally sign the NACH form. This is done to generate the UMRN or Unique Mandate Registration Number. It allows you to manage your mandate information and track it afterward.

However, eMandates are a different case.

What is eMandate?

eMandate is another popular digital payment service that supports financial infrastructure for businesses in India. Just like eNach mandate , it also automates recurring payments without manual interference.

By allowing you to provide standing instructions to your bank, it automatically debits a specific amount from your bank account,

It checks periodic payouts of loan EMIs, card payments, SIPs, etc. This helps avoid any penalties for late payments. 

The Reserve Bank of India has also increased the minimum limit required in the e-mandate from Rs. 5000 to Rs. 15,000. 

However, if you have insufficient funds at the time of the auto-debit, then the bank is liable to charge you a penalty based on their terms and conditions.

Apart from the ease of banking, eMandate prioritizes security and data privacy of the customer. They employ rigid and robust authentication protocols and encryption that are in compliance with the regulatory framework provided by the government.  

How are eNACH and eMandate different?

Overall, both eNach and eMandate have similar features, but they are marginally different: 

eNach is governed by the National Payment Corporation of India, or NPCI, and covers more than forty banks, whereas eMandate is individually controlled and covers four to five banks.

eMandate can be considered an electronic authorization that pertains to certain transactions, unlike eNach, which generally deals with the transfer of bulk and heavy-volume payments.

How is eNach and eMandate beneficial?

Despite a few narrow differences, the main purpose of these systems is to automate payment transactions. Apart from this one feature, it facilitates an array of benefits that put businesses in an advantageous position. 

Cost efficient: 

In a conventional scenario, organizations are required to send regular notifications and intimations to customers for follow-up on payments. 

This time-consuming activity only results in unnecessary operational efforts, and administrative costs and might strain customer relationships with the businesses.

However, eNach and eMandate have reduced the large amount of investment involved in the manual structure of maintaining payments and invoicing.

Now, companies are not required to allocate manpower or other resources to track and follow up on late payments.

As the whole process is electronic, accounting also becomes much easier, paperless, and more efficient. 

Convenient Process: 

Both customers and businesses prefer a convenient system of payment rather than a tedious, manual process. In this regard enabling eNach and eMandate is quite easy.

It involves minimal paperwork and offers maximum ease in completing recurring payments. It also eliminates constant manual authentication and enhances customer-business relationships.

Customer Retention: 

There is no denying the fact that customers prefer businesses that allow them to complete banking transactions at their convenience and comfort, especially when they are recurring payments. 

That’s why many companies associate themselves with eNach and eMandate, therefore facilitating regular payments and uninterrupted and hassle-free customer service.

Moreover, the legal consent to auto-debit the amount on the set date would help businesses retain customers better as they gain the benefit of banking convenience.

Seamless payments: 

In this digital age, banking can be quickly done via laptop or mobile screens. This feature of new-age technology gives customers the option to not visit the bank and instead complete their recurring payments from their place.

For businesses, it also becomes a viable option to strategically invest efforts and money in a financial structure that creates provision for auto-debit.

In the end, incorporation of eNach and eMandate adds to customer retention, improves the customer experience, and allows organizations to focus on key areas rather than low-value tasks.

Conclusion:

Both eNach and eMandate have revolutionized the payment landscape. Despite having slight differences, they both offer secure, seamless, and convenient payment solutions.

They were designed to enhance the technological infrastructure of the business industry by integrating advanced financial technology.

It is beneficial to both businesses and customers, promising a paperless economy for the coming future.

Veri5Digital, India’s leading identity and digital solutions provider, provides eNach and eMandate services to businesses that support multiple modes of authentication, paperless transactions, and lower rejection rates.

[aestum]

(by Adrian Enache)

[liroyalty]

I like to call this the Wife Catalog.

[blissfulalchemist]

And because I’m actually really happy with the images I used have the full versions of the template shots!

[dandyghest]

all coloured in !!

✏️ calligraphy pen and pencil crayons

[eurovision-revisited]

1998 Birmingham - Number 7 - Sanda Ladoși, Marina Florea, Adrian Enache, Aurelian Temișan & Daniel Iordăchioaei - "E, e iubire"

What is that synth/percussion doing during the chorus? I don't know but it's making my knees go funny. This is some prime Romanian cheese from Selecția Națională 1998. In that very Romanian way, there is no band name, but each individual singer gets full credit.

First E, e iubire (It's Love). I do not have the lyrics for this song, but I really don't think they're necessary. The choreography tells the entire story. This is pure pop with everything synthesised. There's a call and response pre-chorus, and the chorus is literally everyone singing 'Yeah, yeah, yeah'. What makes it absolute genius is that synth line that runs through everything - it's like someone's discovered the secret of making musical crack. It's the addiction that keeps me coming back to this disco campfest of pleather and baggy white undershirts.

Of the five named singers, three have other entries in Selecția Națională. Adrian Enache (on the right at the start), has had four other entries, with a best finish of, well third - with this song. Aurelian Temișan (on the left at the three men at the start) has entered three times too and he nearly won in 2003, being in a two horse race with the eventual winner.

Most importantly there's Sanda Ladoși (the woman with dark-hair). She want on to win Selecția Națională 2004 and represented Romania at Eurovision in Istanbul. Oddly, every single one of these five singers has four or five albums listed on Discogs, all through the 1990s into the 2000s, all as solo artists. I'd guess that there's something contractual about that and possibly about their appearance here in one of the most iconic displays I've witnessed in a national final so far.

[whitecrownsblackthrones-archived]

@sacred-x-solanaceae​ said:

- offers da as a friend -

A friendship Stela can’t accept cause Da is far to great to associate with someone like her.

[paycorpio]

eNACH Service Providers Unveiled: What Sets the Best Apart | Paycorp

When evaluating eNACH service providers, it's crucial to understand what differentiates the best from the rest. eNACH, or Electronic National Automated Clearing House, streamlines recurring payments by automating the debit process. The right eNACH service provider can significantly impact your business’s efficiency and financial management.

Security and Compliance

Security is a top priority for any eNACH service provider. The best providers utilize advanced encryption technologies and adhere to stringent compliance standards to ensure that all financial transactions are secure. Look for providers that are compliant with regulatory requirements, such as PCI-DSS, to protect sensitive data.

Reliability and Uptime

Reliability is another essential factor. A reputable eNACH service provider ensures high uptime and smooth transaction processing. Disruptions in service can lead to missed payments and dissatisfied customers, so selecting a provider with a proven track record of reliability is crucial.

Customer Support and Integration

Effective customer support is key to managing any issues that arise. Top eNACH service providers offer responsive and knowledgeable support teams to assist with any challenges. Additionally, seamless integration with your existing financial systems is vital for smooth operations. The best providers offer easy-to-use platforms that integrate effortlessly with your current setup.

Cost-Effectiveness

Cost is always a consideration. Evaluate the pricing structures of various eNACH service providers to find one that offers competitive rates without hidden fees. The right provider will offer transparent pricing models that align with your business needs.In conclusion, choosing the right eNACH service provider involves assessing their security measures, reliability, customer support, integration capabilities, and cost-effectiveness. By focusing on these factors, you can select a provider that enhances your payment processing efficiency and supports your business growth.

[tejuhoneycomb]

Discover the Top ENACH Service Provider for Hassle-Free Payments 

Discover seamless automated payments with our ENACH Service Provider. Simplify recurring transactions, enhance customer experience, and ensure secure, hassle-free processing. Explore our comprehensive solutions today.

[87foxeninaboxen]

so like what does elan prime even do all day does he just wander around Peil HQ talking shit with the evil board ladies

[liroyalty]

The WIFE Catalog, the Midsummer update

[blissfulalchemist]

📻 + catlina, stasia, conner!

Thank you Cam! I do love talking about music for these guys. And these are some of my favorite playlists ngl. Let's get into it though!

"I Fall in Love Too Easily" by Chet Baker My heart should be well-schooled / 'Cause I've been fooled in the past / But still, I fall in love so easily / I fall in love too fast

Not only is this song something he would have on his own personal playlists and an overall vibe for the man, it also shows a bit of his inner self. See in the Bloodlines universe he's been made to keep much of his identity secret due to fear and debts to the mob and one of those things is keeping distance as if he doesn't get attached to people fairly easily. There was also an incident growing up once in America where he fell in love with his best friend Luke and the two dated but once in college Luke finally figured out that he loved Conner just not in the same way Conner loved him, he essentially figured out his sexuality and it was straight. This was an absolutely devastating blow to Conner because it was years together and he was so open and honest and close to Luke and he lost him (not fully. the two did stay best friends and there is no one Conner trusts more than Luke. the relationship he has with Luke's wife, who was the catalyst in him figuring out what his sexuality was, is very good and friendly with most of the hurt having gone away over the years). So fast forward to when Conner meets Tia and she's easy to befriend and eventually she's no longer just this person he has to keep an eye on to fulfill his debt but his friend. Only to then lead to him falling for her but he can't and he shouldn't and it takes so much for him to keep her at arms length despite his natural instinct to tell her how he feels. Like the song is a bit more of a chastisement and warning he has to tell himself every single day.

He doesn't have the same issues in ffxiv but there is still this acknowledgment of how easy it is for him to fall in love, and he really wanted to keep everything physical only to keep the person that he loves safe. Its a fear of potential consequences that has him holding his tongue and kicking himself for how easy it is for him to love. In this case at least it was reciprocated and both were on the same page as to what their love had to look like so there was a happier ending (well until the bigger ending).

"Arsonist's Lullabye" by Hozier When I was a man, I thought it ended / When I knew love's perfect ache / But my peace has always depended / On all the ashes in my wake

This song is a bit of an embodiment of Stasia with it's lyrics and overall vibes. Stasia growing up is always this misunderstood child that people pretty much placed the label of "evil" and "wrong" on her when if you got to know her wasn't the case, or there were at least other words one could use to describe her, but with these labels she was treated a certain way leading to this loneliness that she masks with her cold independent nature. She learned how to sustain herself, conquered her fear by gaining power that she ended up using to metaphorically burn bridges, and how to use every "bad" thing about her to her advantage to get ahead in life.

Fire is also this motif of hers that ended up working out when I put her into ffxiv and decided her father (by process of elimination) was Lahabrea who also happened to have fire motifs in the end. But fire while not very outwardly shown in her aesthetic is something that when it starts can be both good and bad, depending on how its used and who is viewing the fire. As a child in her og universe she came from a family of "good" healing witches but was seen as a more "evil" witch because she was wanting to use her power to protect as witch hunts were starting and some of their family had already died to such hunts, they weren't going to win over the masses with good deeds. Fast forward to her adult life and she's seen as needlessly destructive and temperamental like a fire by her twin and others around her, but to her daughter she's warmth, comfort, safety, and a stable. Contradictions but with the emphasis and leaning into the destruction aspect of fire, it was her favorite tool to use to harm, it was one of three ways that could kill her as a vampire, in ffxiv its tied to the one event her soul never knew, it connects her to a father that was just like her once upon a time. Like just all these things with fire and her just fits.

"Dance with the Devil (Aurora Version)" by Breaking Benjamin ft. Adam Gontier I believe in you / I can show you that / I can see right through / All your empty lies / I won't last long / In this world so wrong / Say goodbye / As we dance with the Devil tonight / Don't you dare look at him in the eye / As we dance with the Devil tonight

This one is more the embodiment of part of Cat's story with its religious imagery and this draw of trying to do the right thing while knowing its most likely for naught. But its also this pull to John that is dangerous with his honeyed words and a faux sense of safety he created with her in the beginning in hopes that she'd be more malleable if he seemed genuine since it was obvious that she looked for the best in people. But on the flip side she thought she could use him and befriend him to eventually leave but with the sudden lack of her medication and taking of Bliss to take its place it really became this dance of not falling into temptation. Cat tries so hard to try and play a game of changing hearts while keeping to her values and morals but it is just not something that can happen, even when she changes the mind of at least John its too late and she is avoiding looking at the devil that she became. Like it just really do be a nice overall theme for Catlina (though not necessarily Mary Seed).

Cat just has a little special place in my heart because it is a tragedy what happens to her and her fall from grace. She loses everything and never can be what others want her to be and it haunts her. It leads to her trying to take back control and betraying everything that she is. Even musically in this version it plays on the chaotic heartbreak of her mind that underlines everything she does. Its just something you can listen to and feel her, feel the fear, the loss, the suicidal ideation, the heartbreak, the isolation, the pointless fight she wages against manipulators, the anger, the everything as she goes through these trials and becomes Mary Seed.