CHENNAI, Apr 13: FSS, a leader in payments technology and transaction processing, today announced partnership with six major Banks to provide UPI solution. A FSS release here said Unified Payment Interface (UPI) facilitates easy and seamless person-to-person (P2P) and person-to-merchant (P2M) transaction experience for end customers.
FSS UPI PSP was a comprehensive solution and facilitates banks, merchants and customers to push and pull payments with a single click two factor authentication. It also enable banks to provide real time payments through QR code enabled addresses, along with device fingerprinting for additional security.
It supports features like “Pay and Collect” directly to bank account and “Refer a Friend” through social media. The solution provides banks the ability to integrate multiple channels and perform cross channel migration with ease. ”With the support of FSS UPI, Banks can now provide customers with the facility to transact on-the-go from their mobile phones, with a click of a button”, the release said. Commenting on FSS UPI solution, its Manging Director Nagaraj Mylandla said UPI was an excellent initiative that would change the way Banking is done in India. In addition to assisting the Bank to provide the customers with an easy payment facility across channels along with pull and push payments, FSS UPI will also aid Banks to penetrate easily into a large Merchant base. (UNI)
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