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.”
