zipNACH

zipNACH does provide all participants a durable, secure and an accessible platform with excellent security features, payment performance and cost efficiency, For mandate registration under NACH, the mandates are filled, sorted and shared with the sponsor banks manually, which not only results in high turn around time but also leads to high mandate rejection due to lack of data, bank or account validation. Out of all attempted mandates about 46% are rejected due to a signature mismatch, 27% due to technical error account, 10% because the payer did not maintain the adequate balance, 7% because of manual written error, 4% due to the lack of clarity of the scanned image.