Newgen introduces its Payment Solution

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Newgen Software has enhanced its BPM-based payment solution stack for facilitating Direct Debit payments. Newgen has implemented Electronic Fund Transfer (EFT) solutions and Image-based Cheque Clearing Systems (ICCS) across the Indian Sub-continent, the Middle East, Africa and the SEA regions.

Diwakar Nigam, CEO & MD, Newgen Software said, “Newgen's solution for Direct Debit payments has been designed to help banks to automate error-prone processes and efficiently manage electronic fund transfers, while reducing their operational expenses. Further, the system can scale up to offer business benefits across multiple lines of businesses within banks.”

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