NeelPro System Pvt. Ltd.

Merchant services are the a kind of economic services provided by the finance industry that takes up under a wide range of businesses including managing of money, credit and debit cards companies, unions  etc. of the same kind. In the specific terms, it only refers to business that deals with transaction of money through card payments via a secured and encrypted channel. Generally, the term Merchant Services includes the following: Credit and debit cards payment processing: It is the most commonly used Merchant service. It uses the customer’s debit/credit card for the payment of services via a secured encrypted network channel. Check guarantee and check conversion services:  This services ensures the receiving of funds and getting the check converted into electronic form for direct deposition into the specified account. It reduces the man power required in the processing of any check payment.   Automated Clearing House check drafting and payment services: It f...

Simplifying the terms, it would be services that enable the payment. Payment can be defined as trade of any benefit exchange for goods or services. A payment traces back its roots from the times of barter system where goods were exchanged in the lieu of money. Since then system of payment and its medium has been evolved with the growing civilization and then advanced technology. From barter, cash to now online real time exchange of money for goods and services, payment services have come a long way. NeelPro System provides a number of these advanced payment solutions to the payment and retail industries. The common means of any payment are money, debit or credit cards or bank transfers. This transfer of money requires proper channel. These channels are referred to as the payment services where electronic transaction of money is enabled in a secure way. Software is used as a service to connect the different institutions for transfer of the funds. There are different kinds of paym...