NACH is a centralised web-based platform that is run by NPCI, and OnView MMS-ACH Solution is a Mandate Management System (MMS) that gives you access to the NACH platform; a platform that consolidates older and less efficient Electronic Consolidation Services (ECS). Customizability is the highlight of VSoft’s solution. It can be tailored to the needs of your unique customer base so that your customers recognize that you care for them.
The Class II & III digital signatures on the mandates ensure that certificates can only be downloaded after identities of the senders and receivers are verified.
The solution generates ISO 20022 which is a standard for electronic data interchange between financial institutions that ensures safety and efficiency.
The solution ensures that Bank Officers can monitor the status of mandates in real-time and catch any inconsistencies using a single dashboard.
Your Bank can make sure that citizens who rely on subsidies choose your Bank because you can promise them timely disbursements.
Strategize Using a Repository of Data