BANKING AFFAIRS

Detailed explanation-1: -Bank of Baroda can provide you the Baroda Paypoint Service, a customisable dedicated ERP based solution that can cater to your payment collection requirements through online/offline payment modes.

Detailed explanation-2: -The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid. Bank of Baroda’s Pan India network of branches means convenience for depositing your receivables – cheque, cash and electronic.

Detailed explanation-3: -PayPoint India has entered into a partnership with Bank of Baroda, enabling the bank to further expand its network by utilising PayPoint’s customer service points to a reach out to a larger pool of customers and achieve a bigger geographical spread.

Detailed explanation-4: -The internet payment gateway is the infrastructure that allows an organizations to accept credit card/ Debit card/ e-Banking/ IMPS etc payments over their web portals/websites. A payment process in IPG is a transaction between the users and organizations, with transfer of funds in between following accounts.

Detailed explanation-5: -In simple terms, a payment gateway is a network through which your customers transfer funds to you. Payment gateways are very similar to the point-of-sale terminals used at most brick and mortar stores. When using a payment gateway, customers and businesses need to work together to make a transaction.