Mandate Management Services
What Is Mandate Management? A mandate is formal authorization from a customer. It allows a financial institution to debit its account by providing recurring or one-time payment options. These are commonly used for providing the benefits of subscriptions or utility bills. Providing insurance premiums and loan repayments is also a part of the process. Mandate Management refers to the end-to-end process. The process includes handling these authorizations. There is a right from creation to cancellation. […]