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VoPay unveils instant micro-transaction service for bank account verification

VoPay, a leading provider of embedded financial technology solutions, has launched VoPay Verify, an Instant Bank Account Verification solution via microtransactions – pioneering the first-of-its-kind service in Canada and the United States.

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Good news for government employees! PFRDA allows online paperless exit process through NPS, know details

The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers.

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NPS Withdrawal: 10 most common reasons why money is not credited into your savings bank A/c

Highlights Instant Bank Account Verification by ‘penny drop . Know what it means and why money is not deposited. New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) devised a suitable technology intervention called Instant Bank Account Verification thus using Penny drop facility for the National Pension System (NPS) subscriber who wish to withdraw their funds. In order to ensure that the withdrawal amount is remitted within in the specified timelines in the subscriber s account the penny drop. In order to resolve the issue of return of remittances and to protect the interest of NPS subscribers with timely credit of amount and for additional due diligence to identify the rightful beneficiary, Instant Bank Account Verification by ‘penny drop’ would be adopted by CRAs, by integrating their IT system and exit framework with the Fin-tech service providers.

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NPS Subscribers alert! Know how PFRDA s Penny drop facility will ensure timely credit of fund withdrawal

NPS Subscribers alert! Know how PFRDA s Penny drop facility will ensure timely credit of fund withdrawal
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NPS exits: PFRDA asks CRAs to do Instant Bank Account Verification

NPS exits: PFRDA asks CRAs to do Instant Bank Account Verification
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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