{"id":5759,"date":"2022-03-11T08:22:58","date_gmt":"2022-03-11T08:22:58","guid":{"rendered":"https:\/\/signdesk.com\/in\/?p=5759"},"modified":"2025-10-28T06:16:24","modified_gmt":"2025-10-28T11:46:24","slug":"enach-emandate-automated-fee-payments","status":"publish","type":"post","link":"https:\/\/melento.ai\/en-in\/blog\/enach-emandate-automated-fee-payments","title":{"rendered":"eNACH-based Fee Payments &#8211; How Edtech Can Automate Recurring Fee Transactions"},"content":{"rendered":"<h2><span style=\"color: #008000;\"><strong>Fee Payments In Online &amp; Offline Education<\/strong><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5940\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2022\/03\/ENACH-01-01-1-1.jpg\" alt=\"Recurring Fee Payment In Edtech\" width=\"1200\" height=\"627\" \/><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Remitting fees is a major source of concern and frustration for students and parents alike. Fee payments are usually completed manually and frequently involve printing several paper documents such as payment acknowledgments, challans &amp; payment slips. These are later submitted to the relevant academic authorities for confirmation and storage.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Paper-based procedures like these often result in misplaced or lost documents, errors in payment details that usually take too long to rectify, and mismanagement of documents at the institutional level.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Students typically bear the brunt of such instances &#8211; fees aren\u2019t paid on time, and errors in payment details are carried over to the institutional database resulting in further problems, all of which ultimately affect students&#8217; mental health and academic performance.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Additionally, with education increasingly being delivered online, paper-based fee payment methods are quickly becoming inconvenient and outdated.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Edtech businesses, who have been critical in pushing the boundaries of the education sector and digitizing numerous aspects of education, must now help educational institutions digitize other critical aspects of their functioning &#8211; chief among them being fee payments.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">By integrating with <\/span><strong><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\">enach based fee payment solutions<\/a><\/strong><span style=\"font-weight: 400;\">, the Edtech sector can help schools &amp; universities provide students with a digital and hassle-free method of paying fees securely and on time.<\/span><\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>How Paper-based Fee Payments Can Go Wrong<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Paper-based methods of fee payments are plagued with several drawbacks that affect both the student body and the productivity of educational institutions.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">To examine why let\u2019s look at a typical paper-based fee payment process.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5774 size-full\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2022\/03\/enach_tabular_column_Recovered-011.jpg\" alt=\"Manual and Automated Online fee payment\" width=\"1200\" height=\"627\" \/><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Evidently, these methods of fee payment are rife with obstacles and problems &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>Document loss &amp; mismanagement<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Paper documents are often liable to be lost or misplaced, resulting in delays in fee payments. Additionally, due to the nature of paper-based documents.<\/span><\/p>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">These also result in low productivity and further delays for academic office workers.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>Occurrence of errors &amp; a lack of avenues for recourse<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Manual document processing leaves room for errors in populating forms and collecting data. According to surveys, knowledge workers have an error rates of 90% when processing documents.<\/span><\/p>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Additionally, with manual fee payment systems, students often have no recourse when errors are found in their payment details and have to wait months to correct these errors.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>\u00a0Low efficiency &amp; long turnaround times<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Paper-based document management is among the most inefficient, with office workers reporting that half their time is spent finding the right document. Having to manually receive, store &amp; manage paper records also results in long turnaround times for simple documentation tasks.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>High expenses &amp; paper costs<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Organizations that rely on paper for major documentation activities overspend by 60-85%, according to surveys. These expenses include everything from paper storage, stationery, courier and management costs.<\/span><\/p>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">According to surveys, the average school generates 2800 sheets of paper per student on a daily basis- which translates to nearly USD 200,000 spent annually on just paper. Educational institutions need a digital means to collect and manage payments to reduce excessive paper costs.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">With the rise of digital education, paper-based fee payments are untenable and need to be more scalable; educational institutions require an automated way to manage these recurring fee payments. So how can schools and colleges digitize this process?<\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>eNACH-based Fee Payment &#8211; Automating Monthly &amp; Annual Fee Remission<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/blog\/what-is-emandate\" target=\"_blank\" rel=\"noopener\"><strong>eNACH-based eMandate solutions<\/strong><\/a><span style=\"font-weight: 400;\"> are a secure, automated, and hassle-free way for educational institutions to collect and manage recurring fee payments.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">eMandates are digital mandates that determine how much money is to be debited from an account periodically and then proceed to debit this money to a destination account (in this case, that of the educational institution).\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">The debit is preceded by an Additional Factor Authentication (AFA) &#8211; to ensure security, mandates are edited and managed on a single dashboard enabling, the accounts office of educational institutions and students to have better access to and control over fee payments.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\"><strong>eMandate solutions<\/strong> maintain a complete record of successful &amp; failed payments and enable real-time mandate tracking. Additionally, eMandate solutions are integrated with students&#8217; Aadhaar, debit card, or NetBanking details, allowing for secure authentication before any amount is debited.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Institutions that <strong style=\"font-weight: 400;\">automate recurring payments<\/strong> using <a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\" target=\"_blank\" rel=\"noopener\"><strong>eNACH<\/strong><\/a><b>-based fee payment c<\/b>an expect to reap several benefits.\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>Reduced expenses &amp; improved efficiency<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Educational institutions can expect to reduce operational expenses by 60-85% by leveraging an eNACH-based fee payment system. Paper &amp; storage costs are significantly reduced by going digital with recurring fee payments, and efficiency is improved by up to 70%.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>No delays in payments &amp; lowered turnaround time<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">eNACH eMandates ensure that payment schedules are automated, and fee payments are debited on time. Academic &amp; accounts offices can lower turnaround time to process, document &amp; manage payment details.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>Hassle-free payments &amp; a digital experience<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Students and parents can attain a measure of relief by automating fee payments. The usual stressful procedures involving printing out documents, standing in queues, and waiting for confirmation are all done away with and replaced with the simple process of creating a mandate once and authenticating this mandate for fees to be debited.<\/span><\/p>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">Providing students and their parents with a hassle-free digital experience via eNACH-based fee payement will enable students to concentrate on academic and extracurricular activities rather than worrying about fees.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none; font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\">\n<ul>\n<li aria-level=\"1\">\n<h5><span style=\"color: #000000;\"><b>Strong controls over fee payments with visible audit trails<\/b><\/span><\/h5>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 60px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\">eNACH-based fee payments also provides students with strong and comprehensive user controls over fee payments.<\/span><\/p>\n<p style=\"padding-left: 60px; text-align: left;\"><span style=\"color: #000000;\">Providers of automated payments services offer dashboards for the concerned parties to create, authenticate, track, edit &amp; delete mandates online. All payment activities are also recorded &amp; viewable, enabling easy audits.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">The advantages of leveraging an <a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\" target=\"_blank\" rel=\"noopener\"><strong>eNACH-based fee payments<\/strong><\/a> system are numerous and educational institutions would do well to employ an automated payments solution to enable hassle-free digital fee payments.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Next, let\u2019s look at how such a system would work in the context of fee payments.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/melento.ai\/en-in\/enach\" target=\"_blank\" rel=\"noopener\"><button class=\"wpcf7-form-control wpcf7-submit envor-btn envor-btn-primary envor-btn-normal\" type=\"button\"><strong>Try eNach Now<\/strong><\/button><\/a><\/p>\n<h2><span style=\"color: #008000;\"><strong>eNACH-based Fee Payments &#8211; How They Work<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\"><span style=\"font-weight: 400;\"><strong>eMandate solutions for automated recurring payments<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> bring together several stakeholders, including banks and regulatory bodies such as <strong>NPCI,<\/strong>\u00a0to track, authenticate, and manage recurring transactions between entities.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Melento (Formerly SignDesk) offers an <\/span><strong><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\">NPCI-compliant eNACH eMandate solution<\/a><\/strong><span style=\"font-weight: 400;\"> currently being leveraged by several major banks and is a seasoned domain expert in this area.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">The entities involved in <a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\" target=\"_blank\" rel=\"noopener\"><strong>Melento (Formerly SignDesk)\u2019s eMandate<\/strong><\/a> process are &#8211;\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><b><u>Sponsor Bank:<\/u> <\/b><span style=\"font-weight: 400;\">The bank that acts as a bridge between Melento (Formerly SignDesk) and NPCI.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><b><u>Destination Bank:<\/u> <\/b><span style=\"font-weight: 400;\">The bank where the customer has an account and has agreed to debit the money with recurring frequency.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><b><u>Corporate\/client Bank:<\/u> <\/b><span style=\"font-weight: 400;\">The client bank that receives the credited amount.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">The eMandate process involves the following steps:-\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">The customer registers a mandate at their destination bank through Melento (Formerly SignDesk)<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">Melento (Formerly SignDesk) sends a debit sheet request to the sponsor bank<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">This debit sheet request is passed to the destination bank via NPCI<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">The requisite amount is then debited from the destination bank to NPCI<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\">NPCI then transfers the amount to the sponsor bank\u00a0<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans'; color: #000000;\"><span style=\"font-weight: 400;\">The amount passes through a nodal account to the client bank<\/span><\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Here\u2019s a bird\u2019s eye view of this entire process.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5778 size-full\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2022\/03\/enach__info_graphics_-011.jpg\" alt=\"Melento (Formerly SignDesk)\u2019s eNACH eMandate entire process\" width=\"1200\" height=\"627\" \/><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">In the context of fee payments in educational institutions, this translates into a simple and expedited way for students to complete fee payments and for institutions to better manage these payments.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Here\u2019s how eNACH-based fee payments works using <a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\" target=\"_blank\" rel=\"noopener\"><strong>Melento (Formerly SignDesk)\u2019s eNACH eMandate solution<\/strong><\/a>.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5779 size-full\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2022\/03\/enach__infographics_2_-011.jpg\" alt=\"Recurring fee payment process\" width=\"1200\" height=\"365\" \/><\/p>\n<h2><span style=\"color: #008000;\"><strong>Why Edtech Needs To Integrate With eMandate Providers<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Edtech is pushing the education sector past new frontiers with offerings that improve learning, lecture delivery, student-teacher interactions and the availability of premium study materials &#8211;\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\"> Edtech needs to focus on other equally important areas in the education sector.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Fee payments are an crucial aspect of the education sector and a constant source of frustration for students and inefficiency and mismanagement for educational institutions.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">By integrating with <\/span><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\"><span style=\"font-weight: 400;\"><strong>enach based fee payment<\/strong><\/span><\/a><span style=\"font-weight: 400;\">, Edtech businesses can offer schools and universities a simplified, secure, and expedited method to remit fees periodically.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Educational institutions need a better way to collect recurring payments and Edtech businesses need to make the requisite solutions available.<\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>Melento (Formerly SignDesk) &#8211; Paper-free Periodic Payments With eMandates\u00a0<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Melento (Formerly SignDesk) is a GDPR-compliant and award-winning provider of compliance &amp; document automation solutions for 350+ clients, including 60+ major banks.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Our solutions automate all the compliance aspects of any business\u2019 documentation processes, including &#8211; customer onboarding, digital evidence creation, contract lifecycle management, and recurring payments &#8211;\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">We also ensure the highest &amp; most stringent data security standards &amp; protocols for client data across the board.\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Melento (Formerly SignDesk)\u2019s <\/span><a style=\"color: #000000;\" href=\"https:\/\/signdesk.com\/digital-kyc\"><span style=\"font-weight: 400;\"><strong>AI-powered ID verification<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> solution leverages OCR techniques for image data extraction, AI technology for real-time ID verification, and features for facial matching and ML-based fraud detection features. Our digital KYC verification solution has enabled several banks and major enterprises to reduce verification expenses by 60-85% and boost audit efficiency by nearly 60%. We were also awarded the Global Banking &amp; Finance Review\u2019s Best Onboarding solution in India for 2020.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Melento (Formerly SignDesk) offers an <\/span><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/esign-workflow\"><span style=\"font-weight: 400;\"><strong>eSign workflow solution<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> with custom legally valid templates and a range of eSignatures, including electronic, DSC, Aadhaar &amp; PAN-based signatures, and India\u2019s most popular <\/span><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/digital-stamp\"><span style=\"font-weight: 400;\"><strong>digital stamping solution<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> in use by nearly 85% of all businesses.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">We also offer an <\/span><a style=\"color: #000000;\" href=\"https:\/\/melento.ai\/en-in\/enach\"><span style=\"font-weight: 400;\"><strong>eNACH-based eMandate solution<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> to <strong>automate recurring payments<\/strong>, with physical, Aadhaar &amp; API-based mandates, and options to approve via eSign, debit card, and NetBanking.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #000000;\">Are you ready to automate your onboarding and documentation with AI-powered technology? <\/span><\/p>\n<p style=\"font-size: 17px; font-family: 'open sans'; text-align: center;\"><span style=\"font-weight: 400; color: #000000;\"><strong>Book a free demo with us now!<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/melento.ai\/en-in\/talk-to-sales\"><button class=\"wpcf7-form-control wpcf7-submit envor-btn envor-btn-primary envor-btn-normal\" type=\"button\"><strong>Book a Demo<\/strong><\/button><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fee Payments In Online &amp; Offline Education Remitting fees is a major source of concern and frustration for students and parents alike. Fee payments are usually completed manually and frequently involve printing several paper documents such as payment acknowledgments, challans &amp; payment slips. These are later submitted to the relevant academic authorities for confirmation and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"page_templates\/blog-new-3.php","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[15],"tags":[40,171,196,197,212,216,730,741,1671,1985,1989],"class_list":["post-5759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-emandate","tag-aadhaar-based-emandate","tag-api-e-mandate","tag-automate-recurring-fee","tag-automate-recurring-payment","tag-automated-payment","tag-automatically-payment","tag-e-mandate","tag-e-nach","tag-npci-e-mandate","tag-recurring-fees","tag-recurring-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>eNACH-based automated fee payments - eMandate<\/title>\n<meta name=\"description\" content=\"ChatGPT said:Schools &amp; colleges need automated recurring fee collection. 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