NPCI (National Payment Corporation of India) has launched NACH (National Automated Clearing House). NACH is a centralized system, launched with an aim to consolidate multiple legacy ECS systems running across the country, which provides a framework for the harmonization of standards and practices and removes local barriers / inhibitors.
For the successful on-boarding for APBS / ACH / MMS, it is imperative to have an application for transaction processing as well as Mandate Management System (MMS) in place. Intech has developed an application called "i-NACH" for both Sponsor and Destination module along with automated H2H integration with NPCI.
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