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veri5digital · 8 months ago

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eNACH e-mandate: Everything You Must Know

It might be difficult to keep track of regular payments in the fast-paced world of today. It might be difficult to keep track of deadlines, input payment details multiple times, and worry about incurring late fees. Thankfully, the ENACH mandate, a ground-breaking solution, has been adopted by the Indian financial sector.

This blog delves deeply into all the information you require concerning the NACH e-mandate, enabling you to make wise choices and have a more seamless payment process.

Knowledge of the abbreviations

Bulk bank account transfers are made possible in India by the National Automated Clearing House, or NACH, a payment processing system.

An electronic mandate, or e-mandate, is a written consent that permits a company or organization to take a predetermined amount out of your bank account.

What is ENACH?

The National Payments Corporation of India (NPCI) created the NACH e-mandate as an electronic framework to make recurring payments easier. It gives people the ability to authorize automatic withdrawals from their bank accounts for several purposes, such as:

Loan EMIs: Easily repay loans in installments on time.

Insurance Premiums: By paying premiums automatically, you can guarantee continuous insurance coverage.

Subscription Fees: This takes away the chance of forgetting when your subscription is set to renew.

Utility Bills: Water, power, and other utility bill payments are certain to be made on schedule.

Mutual Fund Investments: Investing in mutual funds allows for hassle-free Systematic Investment Plans (SIPs).

A synopsis of e-mandate vs ENACH Mandate

There is a subtle distinction between the phrases "e-mandate" and "NACH mandate," despite their frequent interchangeability.

NACH mandate: A more general word that refers to the permission for NACH system-based credit and debit transactions.

e-Mandate: This especially describes the electronic consent for debit transactions that occur on a regular basis.

How do you use the NACH e-mandate?

Three entities work together seamlessly to complete the NACH e-mandate process:

Customer: The person authorizing the automatic deductions.

Service Provider: The entity or institution receiving the payments is known as the service provider (e.g., bank, insurance company, utility provider).

Bank: The company that manages the customer's bank account.

This is a condensed explanation of the procedure:

Customer Initiates: Through the service provider's mobile application or web portal, the customer grants permission for automatic payments to be made regularly.

e-Mandate Request: The National Payments Corporation of India (NPCI) receives the customer's e-mandate request from the service provider.

Bank Verification: The request is safely forwarded to the customer's bank via NPCI for verification.

Authorization: The bank attaches the e-mandate to the customer's account after successful verification, approving recurrent debits.

Automated Payments: After that, on scheduled dates, the service provider starts taking money out of the client's account following the directive.

NACH e-Mandate advantages:

Convenience: By automating recurring payments, manual intervention and the possibility of missing deadlines are avoided.

Decreased Paperwork: Makes record-keeping easier and does away with the need for physical mandates.

Time-Saving: prevents people from having to keep track of several transactions and payment dates.

Better Cash Flow Management: Companies may guarantee that payments are received on schedule, which will improve their financial stability.

Decreased Operational Costs: This decreases the administrative costs related to processing payments by hand.

Qualifications for the ENACH mandate process:

People have to fulfill certain requirements to use the NACH e-mandate:

Bank Account: Keep a current or savings account with a bank that uses the NACH e-mandate system.

Aadhaar Card: Possess a current Aadhaar card that is connected to their bank account.

Mobile Number: Keep your cell number up to date so that you can receive permission notifications from both the bank and your Aadhaar card.

Security measures:

The NACH e-mandate places a high priority on these elements.

Two-Factor Authentication: This method of authorization uses safe techniques such as one time passwords.

End-to-end Encryption: This technique uses encryption techniques to protect private client data.

Dispute Resolution Mechanism: A foundation for resolving any inconsistencies or unlawful transactions is provided by the dispute resolution mechanism.

Conclusion

In India, the world of recurring payments has completely changed because of the ENACH mandate. It empowers people as well as organizations by providing an automated, safe, and simple solution. The increasing uptake of e-mandates creates the conditions for a financial ecosystem that is more organized and productive.

Do you need assistance adjusting to the digital age? Modern solutions from Veri5digital may streamline business operations, boost output, and facilitate corporate growth. To achieve your full digital potential, get in touch with them right now!

FAQs

When using the ENACH mandate for periodic payments, are there any costs involved?

The NACH e-Mandate framework does not charge any transaction fees to clients; however, banks or other financial institutions may charge small administrative costs for establishing the mandate. If there are any costs or charges related to NACH e-Mandate registration and processing, people or enterprises should check with their specific banks or service providers.

How do people or companies set up NACH e-mandates to be paid regularly?

A few easy steps can be followed by individuals or organizations to set up NACH e-mandates for regular payments:

For information on NACH e-Mandate registration, get in touch with their bank or other financial institution.

Complete the relevant paperwork and include all requested information, including the amount, frequency, and duration of payments, as well as bank account data.

Use your net banking login information or an e-signature based on Aadhaar to authenticate the obligation.

Send the mandate for processing to the bank or other financial organization.

Recurring payments will be automatically deducted from the designated bank account on the dates stated after the mandate is authorized.

What are the advantages for customers and businesses of NACH e-Mandate?

Businesses and customers alike can greatly profit from NACH e-Mandate. Businesses benefit from it in that it expedites the collection of recurring payments, lowers operating expenses related to processing mandates manually, and improves payment processing efficiency. Online setup and management of electronic mandates is convenient for customers since it guarantees on-time bill and subscription payments without requiring personal interaction.

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rtwlogistics · 3 years ago

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Read all about eNACH and what’s the process.

Both serve the same purpose and are implemented in a different way.

eNACH is the electronic process of helping the banks, financial institutions and other government bodies to provide automated payment services.

Once signed, the eNACH Oder electronic NACH FormHe gives permission for the concerned authority the right to debit the above amount from his bank each fixed day of the months.

How did it all happen?

India has been on an upward trajectory.DigitizationHere have been computers since the 1980s. Next came net banking, followed by mobile bank.

Aadhaar has now been established to provide unrestricted access for more than 1 billion Indians to both government benefits and various services provided by banks or other NBFCs.

World Bank predicts that the economy will grow by 5% in 2010.10% increaseBroadband Internet penetration results in1.4% GDP growthIndia

The Government of India is launching various internet-based services to guide the country and economy towards a fully digital platform. eMandate(Digital Mandate) is the latest in a series of such initiatives by the Government of India to modernize the Indian economy.

eMandateIt is an initiative of the Government of India throughIndia National Payment Corporation(NPCI).

Manual - Existing Mandat Process

A mandate can be described as a standard instruction to your bank or any other institutions, such your phone company, to have your bank debit the amount you specify from your account. Also called "mandate",NACH (National Automated Clearing House)

The following is how banks and companies have been processing this mandate:

The customer is required to sign a form. This form indicates that customer consents to having a specific amount of money automatically debited directly from their bank account on an ongoing basis.

The Company/Bank forwards this form and creates a Unique Mandate Reference.

If the bank accepts that mandate, the Company/Bank is able to debit your account directly.

The whole process takes anywhere from 2-4 hours.7-14 business daysIt all depends on several factors. This causes delays for the Company/Bank and customer inconvenience. It also increases costs.

Proposed e-NACH Process

e-NACH process has been set up to solve the above problems. eNACH makes it unnecessary to fill out NACH forms.

Because electronic NACH requires very little human interaction, it can be done in just a few hours.

eNACH makes use of the services offered by NPCI's National Automated Clearing House to help it achieve its goals.

Now, it has the following entities involved.

NPCI The Government of India created the National Payments Corporation of India, a regulatory body that oversees all Retails payments in India. It was founded with the guidance and support of Reserve Bank of India and Indian Banks’ Association (IBA).

Sponsor BankThese are banks that have been empanelled to the NPCI in order to facilitate the eMandate process. There are currently 3 sponsors banks HDFCHSBC, Punjab National Bank.

Destination Bank- The bank account where the automatic debit is to be made.

Corporate- The Company/Bank that you have requested the electronic mandate so that they can debit your bank account automatically.

Customer- You will be applying for the eNACH via the Corporate.

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The e-NACH/e-Mandate system assists in the issuance and confirmation of mandate by the customers through alternate channels to paper-based mandate.

The process is routed so that the destination Bank, after authentication, moves mandate to sponsor bank or corporate to sponsor bank, and then to destination bank which includes customer attributes.

Creation of an authenticated mandate by the customer himself through electronic channels.

A shorter mandate acceptance process or auto acceptance of mandats

Customer or his banker initiates mandate acceptance-mandates that are secured and guaranteed.

The primary objective of eNACH/eMandateIt is important to reduce the processing load on the destination bank. All aspiring participants should use eMandate platform to automate their entire process, including the submission of authenticated mandates through NACH system.

NPCI reserves the right to allow participation in the eMandate process depending on the readiness of the bank to process with full automation.

eNACH (electronic payment by means of a chip) is one of the latest methods. It is still being adopted. There are currently around10 banksThey have already adoptedeMandateMore people are joining the ranks.

Read: What is.eNACH or eMandate? Read Our Complete Guide to know

#eNACH

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dzgn-co · 5 years ago

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The Problem with France's Plan to Tax Digital Companies

Vijay Govindarajan

Anup Srivastava

Hussein Warsame

Luminita Enache

JULY 17, 2019

France recently approved a 3% tax on revenues generated by large digital companies in its territory, a move that is now being investigated as a potentially unfair trade practice by the U.S. government.

The French legislation, which would invariably affect U.S. tech giants such as Alphabet, eBay, and Facebook, is the kind of tax that the European Union has wanted to impose for years. Emboldened by the EU stance, Asian and Latin American countries have begun discussions on how to tax tech giants on revenues earned in their territories. If implemented, these proposals have the potential to shift billions of dollars from tech companies to local economies. But we argue that one-size-fits-all taxation of large digital firms based on their gross revenues is too blunt an instrument to address the putative budgetary deficits of local governments. We call for a more substantial debate on the issue and more imaginative ideas to ensure fair and effective taxation.

The nature of business is rapidly changing. Digital services continue to supplant numerous physical products, and e-tailers and internet websites continue to replace many shops and physical establishments. These transformations reduce a city’s or federal government’s tax collection in at least three ways. First, barring a few mega establishments created by the likes of Amazon and Tesla, countless factories, offices, shops, and establishments are closing, eroding cities’ land-based revenues from property taxes and development charges. Second, reduction could occur in taxes levied on production or value addition to physical goods, diminishing the state or federal government’s coffers. Third, taxes collected on the salaries and wages of workers disappear when workers are rendered unemployed by the rise of the digital economy.

Consider a local newspaper that employs hundreds of local workers in its office, printing, and distribution facilities. It becomes obsolete with the emergence of a large website that has no physical presence in that country, relies on freelancers, and locates its head office in a tax-friendly country like Ireland or Luxembourg. The local advertisers shift en masse to the new internet company. So, the city and federal governments lose large portions of their tax revenues. They must now cut expenditures, fund new welfare programs, and find alternative sources of revenue.

This “remote” participation in the domestic economy — the provision of digital advertising, marketing, or buyer-seller matching services with servers and offices in a foreign country — is often seen as the key issue in the debate over whether and how to tax digital companies. Each country, in principle, has a right to tax the totality of benefits and services received by foreign corporations that interact with its residents. It is entitled to a fair share of revenues from advertisements shown to its residents (by Google, for example), from sales of its residents’ personal data to third parties (such as Facebook), and from the facilitation of transactions among residents (on Ebay or other sites). Foreign corporations must contribute to the country’s public expenditures, such as education, law enforcement, infrastructure, utilities, firefighting, and defense, because in the absence of those facilities and the markets generated by them, the foreign corporations would be unable to earn local revenues.

With the digitization of products and services, and the usurpation of those businesses by foreign technology firms, it becomes increasingly difficult to pinpoint and “ring-fence” the location of economic activities. As we argued in a previous HBR article, a single digital player such as Facebook, which enjoys first-mover advantages and network effects, can service large portions of global market. So, the digital company serving a local market is more likely to be a Facebook, an Airbnb, or an Uber than to be a homegrown corporation. However, local government cannot easily enforce its tax collection privileges on that foreign digital company. Neither its local revenues nor expenses incurred to earn those revenues can be reliably estimated, making local taxable income difficult to verify. This fact, combined with the allegations that tech giants evade taxes, as evident from their low tax rates as compared with local corporations, forces local governments to conceive alternative ways of taxing foreign corporations.

The proposed 3% tax mimics the manner of collecting taxes on foreigners’ dividend, interest, and royalty income from a local economy, while addressing two problems. First, taxes are collected on gross remittances, thereby eliminating the need to calculate net profits. Second, those taxes are withheld at sources, leaving the burden of collection and payment of taxes to foreigners.

However, there are many arguments against the idea of revenue-based taxes on large foreign digital corporations. First, in the absence of a clear definition of a “large” and “digital” company, EU proposals are tantamount to selective targeting of American companies. Second, some academics and think tanks question whether the tax collections of EU governments have declined over time and whether there exists a need for alternative sources of corporate taxes. Third, critics argue that there is no consistent evidence that internet firms pay taxes at lower rates than other firms. Fourth, the selective imposition of taxes could violate bilateral taxation treaties, and could threaten an all-out trade war, reducing international trade and commerce. Finally, should all digital corporations pay the same 3% tax, irrespective of their business model or profits?

We believe there is a need for more thoughtful and creative solutions than a one-size-fits-all regulation, especially because the shift from the physical world to the digital one is permanent and affects economic systems in myriad ways. For example, governments might consider increasing the emphasis on value-added taxes (VAT) that are levied at each stage of the value chain. The greater the value added until it reaches the end customer, the higher the total VAT. Digital e-commerce companies must be adding value to the marketing process by helping a seller find a local customer or by enhancing the perceived value of final products. Improved marketing must increase manufacturer’s revenues, input costs held constant, increasing VAT. If the government collects sales tax instead of VAT, then the final consumer, not the suppliers or the manufacturers, would pay higher taxes on the enhanced value. Furthermore, the improvement in marketing efficiency, brought about by digital e-commerce companies, should improve the profits of local corporations, increasing the taxes they pay. So arguably, taxes not paid by the foreign digital corporations are not totally lost in the system.

What is required is a new way of dividing total tax revenues among city, state, and federal governments. We admit that the tax revenue lost because of reduced land use and unemployment created by digitization would not be recovered by the above suggestions. However, imposing the burden of those deficits on digital companies would not only be unfair but also reduce innovation. It would be like taxing a foreign email provider to fund the welfare programs for unemployed postal workers.

In sum, the progress from physical to digital domains is monotonic, irreversible, and accelerating. The businesses are increasingly getting concentrated in the hands of a few tech giants that can easily shift income and taxes around the world. So local governments need to become more creative while ensuring fair and effective taxation and compliance with bilateral tax treaties.

#goverment #HBR.org #HBR #tax

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asfeedin · 5 years ago

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GamesBeat Summit Digital: Here’s our final agenda for April 28-29

This year GamesBeat Summit Digital is going to be digital online-only. And it is finally coming up on Tuesday and Wednesday.

We’ve revised the agenda and optimized our virtual conference for your viewing pleasure. If you are interested in attending GamesBeat Summit online, please sign up here.

After careful thought about the COVID-19 (coronavirus) pandemic, we decided not to use centralized studios or physical locations. But we think we can serve our GamesBeat community well with a fully distributed, digital event.

The health and safety of our GamesBeat community, attendees, employees, and sponsors remains our top priority. In this digital event, attendees can watch livestreamed and recorded talks, take part in online networking sessions and digital roundtables, access our gaming partners virtually, and more.

Event details

GamesBeat Summit Digital will provide the same great content and create digital networking experiences, all available remotely. We’ve very grateful that the overwhelming number of our speakers (which we originally recruited for our physical event) and our sponsors have stayed with us. We hope to live up to their belief in us with our talks around the theme of Dawn of the Next Generation.

We will continue to be proactive in our communication and will follow up with more information about technology platforms and logistics in the coming days. It looks like we’re heading toward an even larger even with about 120 speakers in 59 sessions on two simultaneous stages over two days. Here’s the final agenda.

For attendees, you’ll be getting invitations to join using the email you used to register.

Agenda

Tuesday, April 28, 2020 (all times Pacific time)

Above: Dean Takahashi plays on a Origin PC laptop.

Image Credit: Marla Takahashi

8:55 a.m. – 9:10 a.m.

Tutorial for watching and participating in the event

9:10 a.m. – 9:15 a.m.

Thanks to sponsors and other announcements by Alex Olshonsky, vice president of sales at VentureBeat

9:15 a.m. – 9:30 a.m.

Introductory remarks by Dean Takahashi, lead writer for VentureBeat’s GamesBeat (on both the Boss Stage and Hero Stage)

9:30 a.m. – 9:45 a.m.

Above: “Communities That Last for Years” with Owen Mahoney, President & CEO of Nexon and moderated by Michael Pachter at GamesBeat Summit 2019.

Image Credit: Jason Wilson/GamesBeat

Boss Stage/Hero Stage: “Serious money going into esports and gaming: Mergers, acquisitions, and fundraising trends” with Alina Soltys, founder of Quantum Tech Partners

9:45 a.m. – 10:15 a.m.

Boss Stage: “The rise of new independent publishers” with Michael Worosz, executive vice president for corporate development and independent publishing at Take-Two Interactive, moderated by Michael Metzger, partner at Drake Star Partners

Hero Stage: “The future of gaming is user-generated content” with Matt Curtis, VP of Developer Relations at Roblox

10:15 a.m. – 10:45 a.m.

Boss stage: “The world has changed,” with Owen Mahoney, CEO of Nexon, moderated by Michael Pachter of Wedbush

Hero Stage: “Esports beyond the hype — challenges and realities of running an esports business in 2020” with Neo Liu, head of publishing for Tencent North America; Karim Farghaly of Bandai Namco; and Jacob Navok, CEO of Genvid Technologies; moderated by David Hoppe of Gamma Law

Above: Mike Morhaime is former president of Blizzard Entertainment.

Image Credit: Mike Morhaime

10:45 a.m. – 11:15 a.m.

Boss Stage: Fireside chat with Mike Morhaime, cofounder and former president of Blizzard Entertainment, moderated by Seth Schiesel

Hero Stage: “The Leisure Economy” with John Linden, CEO, Mythical Games, moderated by journalist/author Harold Goldberg

11:15 a.m. – 11:45 a.m.

Boss Stage: “Championing the video game industry and culture” with Stanley Pierre-Louis, CEO of the Entertainment Software Association, moderated by Keisha Howard of Sugar Gamers

Hero Stage: “Choose your own adventure: The evolution of storytelling through the next generation” with Gary Whitta of Rogue One: A Star Wars Story, moderated by Tina Amini of IGN

11:45 a.m. – 12:15 p.m.

Boss Stage: “Gaming’s future as the best form of entertainment,” Jon Goldman of Greycroft, Skybound, and GC Tracker Fund; moderated by Andreea Enache of Blind Squirrel Entertainment

Hero Stage: “We are who we pretend to be” with Edward Saatchi of Fable Studio, moderated by Dean Takahashi, lead writer for GamesBeat

Above: Jon Goldman is general partner of GC VR Gaming Tracker Fund and a Greycroft venture partner.

Image Credit: Jon Goldman

12:15 p.m. – 1:00 p.m.

Networking roundtables, Slack Q&A, community Discussion

Roundtable Sessions: 1. “Dealing with Disruptive Behaviour in Games” moderated by Carlos Figueiredo of Two Hat Security 2. “Hyper-casual Games – Beyond Short-term Success” moderated by Chris Lefebvre of Lion Studios Canada 3. “Frontiers in Game AI” moderated by Christoffer Holmgård and Julian Togelius of Modi.ai

12:15 p.m. – 12:45 p.m.

Boss Stage/Hero Stage

“The Power of Games for Climate Change” with Alan Gershenfeld of E-Line Media; Mathias Norvig of Sybo; Pietari Päivänen of Supercell; moderated by Sam Barratt of UN Environment

1:00 p.m. – 1:30 p.m.

Boss Stage: “How to succeed in free-to-play? Compete with yourself” with Scopely co-CEO Javier Ferreira, moderated by Michael Metzger of Drake Star Partners

Hero Stage: “Game investments in the age of the coronavirus” with Ryan McDermott of Resolute Partners Group

1:30 p.m. – 2:00 p.m.

Boss Stage: “Facebook creative testing: Why the control video ad is so hard to beat” with Brian Bowman, CEO of Consumer Acquisition )

Hero Stage: “Using AI for game testing,” with PinkLion CEO Jennifer Bonine

2:00 p.m. – 2:30 p.m.

Boss Stage: “Console cycles: The old, the new, and the future” with Rob Dyer, chief operating officer at Capcom, moderated by Mike Vorhaus of Vorhaus Advisors

Hero Stage: “Bulletproofing your brand strategy in the age of influencers” with Doron Nir, CEO of StreamElements

2:30 p.m. – 3:15 p.m.

Boss Stage: “What to expect in early-stage fundraising” with David Gardner of London Venture Partners; Gregory Milken of March Capital Partners; and Shanti Bergel of Transcend Fund; moderated by David Chang of Juno Capital

2:30 p.m. – -3:00 p.m.

Hero Stage: “Productivity without crunch in game academia and industry” with Richard Lemarchand, associate professor at USC Games Program, moderated by Brandon Sheffield of Necrosoft Games

3:00 p.m. – 3:45 p.m.

Hero Stage: Series A/B Panel with Phil Sanderson of Griffin Gaming Partners; Michael Cheung of Makers Fund; Rick Yang of NEA; moderated by Eric Goldberg of Crossover Technologies

3:45 pm – 4 p.m. Hero Stage break

Above: Jenova Chen is cofounder of Thatgamecompany, creator of games like Journey, Flower, Flow, and Sky.

Image Credit: Dean Takahashi

3:15 p.m. – 4 p.m.

Boss Stage: “How Thatgamecompany enabled a wholesome community in Journey and Sky” with Jenova Chen, cofounder of Thatgamecompany

4:00 p.m. – 4:30 p.m.

Boss Stage: “Building out charity in the games space” with Stephen Machuga of Stack Up

Hero Stage: “What games can tell you about people” with Chethan Ramachandran, CEO of Skillprint; moderated by Keisha Howard of Sugar Gamers

4:30 p.m. – 5:00 p.m.

Boss Stage: “The next generation of multi-dimensional games and large-scale VR development,” with Peter Akemann, CEO at Skydance Interactive, moderated by Mike Minotti of GamesBeat (Start of Oculus Venues recording)

Hero Stage: “The realities of crossplay and managing live services” with Jesse Houston, CEO of Phoenix Labs; moderated by Dean Takahashi

5:00 p.m. – 5:30 p.m.

Boss Stage: “The art of inspiration: ideas on a deadline” with Glen Schofield, founder of Striking Distance Studios

Hero Stage: “External development stories” with Mihai Pohontu, CEO of Amber Studios

5:30 p.m. – 5:50 p.m.

Boss Stage: Reception begins. GamesBeat Summit Visionary Awards with Don Daglow and Pete Hines

youtube

5:50 p.m. Josh Tsui, director of Insert Coin, introduces his film excerpt from documentary on Midway Games. Shows excerpt of the film on Oculus Venues and Hearo.Live.

Reception continues until 7 p.m.

Connect with the community online. Join online Q&A, breakout sessions, and try fun and new digital event technology.

Wednesday, April 29, 2020 (all times Pacific)

Above: Andrea Rene

8:00 a.m.

Women in Gaming Virtual Breakfast, Presented by Niantic. Speakers include Kellee Santiago of Niantic, Nonny de la Peña of Emblematic Group, and Elizabeth Howard of Aspyr (invitation only)

9:30 a.m.-9:45 a.m. Tutorial video rerun

9:45 a.m. – 9:50 a.m.

Boss Stage/Hero Stage: Sponsor thanks and announcements by Gina Joseph, director of strategic partnerships at VentureBeat

9:45 a.m. – 10:00 a.m.

Boss Stage/Hero Stage: Opening remarks — Mike Minotti, reviews editor at GamesBeat

Above: MissesMae is a former nurse turned popular livestreamer.

Image Credit: MissesMae

10:00 a.m. – 10:30 a.m.

Boss Stage: “How to run a great writers room” with Adam Foshko of HBO; Derek Kolstad, screenwriter, moderated by Mark Long of Neon Media

Hero Stage: “The future of gaming influencers” with Mari Takahashi of Smosh Games; Joshua Ovenshire of Arcade Cloud; MissesMae; moderated by Andrea Rene of What’s Good Games

10:30 a.m. – 11:00 a.m.

Boss Stage: “Recapturing the history of games,” Josh Tsui of Ten Point Oh and Blake Harris, author of Console Wars and A History of the Future; moderated by Dean Takahashi

Above: Blake Harris’ most recent book is The History of the Future.

Image Credit: Blake Harris

Hero Stage: Lightning Round Talks: 1. “Play with My Emotions: A Case for (more) Romance & Sex in Games’ with Zsuzsa James, Team Finland coordinator for video games and esports 2. “The Blue Ocean of Interactive Storytelling” Andrew Maximov, CEO of Promethean AI 3. “GPEG: A new type of stream for games, a new type of Instant Interactive content for cable and OTT audiences” with Barry Jenkins, CEO and cofounder of Primal Space Systems and Instant Interactive 4. “The Potential of Voice for Games” with Jeferson Valadares, Co-founder & CEO of Doppio Games

11:00 a.m. – 11:30 a.m.

Boss Stage: “Why gaming will be at the center of the future entertainment universe” with Josh Yguado, cofounder and president of Jam City, moderated by Amy Allison of Skydance

Hero Stage: “Games to play in quarantine” with Elan Lee, cofounder of Exploding Kittens; moderated by Theresa Duringer of Temple Gates Games

Above: Mitch Lasky of Benchmark

11:30 a.m. – 12:15 p.m.

Boss Stage: Fireside chat with Mitch Lasky of Benchmark Capital; moderated by Eric Goldberg of Crossover Technologies

11:30 a.m. – 12:00 p.m.

Hero Stage: “How game developers can adapt to the world after COVID-19,” with Renee Gittins, executive director of IGDA, moderated by Justin Berenbaum of Xsolla

12:00 p.m. – 12:30 p.m.

Boss Stage: “Dawn of a new era: COVID-19, the games industry, and #PlayApartTogether” with Bernard Kim of Zynga; moderated by Patrick Shanley of The Hollywood Reporter

12:15 p.m. – 12:30 p.m.

Boss Stage “Spatial audio: Why you should care” with Andy Vaughan, developer relations manager at Dolby, moderated by Jamil Moledina of XP Consulting

12:30 p.m. – 1:00 p.m.

Boss Stage: “Esports and GaaS in the Asia Pacific region” with Tim Guhl of Singtel, moderated by Lisa Cosmas Hanson of Niko Partners

Hero Stage: “The future of world-building and narrative in games” with Danny Bilson, head of USC Games; chair of interactive media, games division at USC, moderated by Peter Levin of Griffin Gaming Partners

Above: Danny Bilson is head of USC Games.

Image Credit: USC

12:30 p.m. – 1:15 p.m.

Offscreen: Networking Roundtables, Slack Q&A, Community Discussion

Roundtable Sessions: 1. “Lightning Round Speakers Q&A” moderated by Zsuzsa James, Andrew Maximov, Jeferson Valadares, and Barry Jenkins 2. “Facebook Creative Testing & Creative Research” moderated by Brian Bowman, CEO of Consumer Acquisition 3. “Spatial Audio: Why You Should Care – Session Q&A” moderated by Andrew Vaughan of Dolby and Jamil Moledina of XP Consulting

1:00 p.m. – 1:30 p.m.

Boss Stage: “Gaming has always paved the way in mobile and user acquisition” with Paul Muller, CTO of Adjust; moderated by Dean Takahashi

Hero Stage: “The EVE Effect” with Hilmar Pétursson, CEO of CCP

1:30 p.m – 2:00 p.m.

Boss Stage: “The Metaverse is Coming” with Philip Rosedale of High Fidelity; Matthew Ball of Epyllion Industries; Raph Koster of Playable Worlds; Frederic Descamps of Manticore Games; moderated by Sam Englebardt of Galaxy Interactive

Hero Stage: “The mainstreaming of esports,” panel including Mark Chang, head of gaming and esports at Intel; Ari Segal, CEO of Immortals Gaming Club; Joe Barnes, director of Bud Light Sports Marketing; Grace Dolan, vice president of integrated marketing at Samsung Electronics America; moderated by Dean Takahashi

2:00 p.m. – 2:30 p.m.

Above: John Smedley of Amazon Game Studios

Image Credit: SOE

Boss Stage: “Location-based entertainment in a post-COVID-19 world” with Brent Bushnell, CEO of Two Bit Circus, moderated by Blair Herter, senior vice president of partnerships of Advncr

Hero Stage: “Strategies for mental wellness in gaming,” speakers John Smedley of Amazon Game Studios; Mark Chandler, founder of The International Game Summit for Mental Health; and Eve Crevoshay, executive director of Take This.

2:30 p.m. – 3:00 p.m.

Boss Stage: “The real world games of the future: Designing AR/Geospatial/Purposeful games,” with Greg Borrud of Niantic, moderated by Amanda Farough of F-Squared

Hero Stage: “Diversity and inclusion: How to create virtual and accessible resources for marginalized communities during a pandemic” with Nika Nour, executive director of IGDA Foundation, moderated by Jessica Chobot

Above: Nika Nour(left) is the new head of the IGDA Foundation and Renee Gittins is executive director of the IGDA.

Image Credit: IGDA

3:00 p.m. – 3:30 p.m.

Boss Stage: “Can mobile games be a $1 trillion business this decade?” with Neil Young, CEO of N3twork; moderated by Bing Gordon of Kleiner Perkins

Hero Stage: Blockchain panel with Sebastian Borget of The Sandbox; Peter Kieltyka of Horizon Blockchain Games; and Eric Schiermeyer of Blockchain Game Partners; Taehoon Kim, CEO of nWay; moderated by James Zhang of Concept Art House

3:30 p.m. – 3:45 p.m.

Break

3:45 p.m. – 4:15 p.m.

Boss Stage: “Games M&A: Open for business?” with Michael Chang of NCSoft; Nick Tuosto of LionTree; and Affan Butt of Aream & Co.; moderated by Mark Stevens of Fenwick & West

Hero Stage: “Games in China – demand doesn’t cease” with Bill Wang of Skystone Games; Amy Huang of Mattel163; Cynthia Du of Cocos; Jeff Lyndon of iDreamSky; moderated by Lisa Cosmas Hanson of Niko Partners

Above: Mike Frazzini, vice president of Amazon Games.

Image Credit: Dean Takahashi

4:15 p.m. – 4:45 p.m.

Boss Stage: “Working backward from the players: Amazon’s approach to games,” with Mike Frazzini, vice president of Amazon, moderated by Dean Takahashi

Hero Stage: “Player behavior: Your secret growth tool,” with Carlos Figueiredo of Two Hat Security, Clara Siegel of Facebook, and Kim Voll of Stray Bombay; moderated by Kate Edwards of The Global Game Jam

4:45 p.m. Closing remarks by Dean Takahashi

4:50 p.m. – 7 p.m.

Networking reception. Join online Q&A, breakout sessions, and try fun and new digital event technology.

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Tags: 2829, agenda, April, Digital, Final, GamesBeat, Heres, Summit

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allcloud · 5 years ago

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Automation and Digitalisation in Micro-Lending

https://allcloud.in/blog-details/23/Automation-and-Digitalisation-in-Micro-LendingAccording to World Bank “By 2020, this number will reach 6.1 billion. Mobile-based digital technology presents a huge opportunity to enhance financial inclusion for the two billion individuals and 200 million micro, small and medium enterprises (MSMEs) in emerging economies that still lack access to basic savings and credit services” Micro-Lending opens up huge opportunities for Lending business that can leverage their experience in lending and position their services to these individual and MSMEs that are looking for faster and transparent credit.

Operationally Micro Lending is a mammoth task as Credit decision and Customer assessment is crucial for profitability and healthy Loan Books. Lenders – MFIs, NBFCs or Online Lending Platform should deploy technology efficient processes and automate the process of customer acquisition, Credit assessment and disbursement to reach out to target client and acquire the right customers.

An end to end Lending solution that can integrate with various data sources like Credit Bureaus – CIBIL or CRIF, KYC databases and other new age data points to profile prospects borrowers and create a credit profile of the client when making informed credit decisions. Cashless and immediate real-time disbursement with seamless integration with banks can provide the much-needed edge that can deliver on-demand credit when the customers need it.

Motivating borrowers to self onboard by subscribing to the Lenders mobile app will allow financial institutions to capture digital footprints of the borrowers and provide a more inviting and discreet experience of credit. Lenders should invest in a robust Mobile application and sound decision-making application that can facilitate this. Assisted digitalisation and ease of use will help the financially exclude or “credit invisible” population to access mainstream credit with help of mobile technology. Effective use of Mobile technology and effective digitalisation will expand the reach of business and credit helping the business and the customer.

Taking the digital path will result in better debt collection. Most online credit disbursement is mapped with e-payment channels like Direct debit or Standing instructions, eNACH or wallets that make collection efficient, resulting in greater profitability. With digital channels, customer engagement is also improved and directed at the right point to make it more rewarding for on-time collections.

Digitalisation and automation are the two most important and relevant ideas that any lender should invest in today to reach more customer, improve credit decisions and build a profitable business.

https://allcloud.in/blog-details/23/Automation-and-Digitalisation-in-Micro-Lending

#loan servicing software #Loan management system #lending software #Loan Management Software #loan software

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automaticsweetsbouquet-blog · 6 years ago

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Ramona enache master thesis Ramona Enache Master Thesis

Ramona enache master thesis. We have made a list of the best paper writing services of 2016 in order to make it clear for you which services were the best and most trustworthy last year. However, everything changes and we try to keep up with the times. That's why we constantly check all the writing services. If you want to find out what writing services are popular in 2017 you can do it now with the help of TopWritersReview.com and order from the best companies. Perfection is so important. Every essay writing service is striving to be on top. They go ahead to convince their customers from all over. But only one and genuine thing speaks for the service: quality and reliable. If a service thinks it can convince customers through mere words then it’s wrong. Top essay writing services are identified by their reliability and high quality products. The same applies to top essay writers. There is no way a top essay writing service can host writers who are not qualified academically and professionally. Measured the distance between the corneas of the eyes Inspected eyewear lenses through a manual Lensometer Adjust glasses and perform minor eyeglass repair Collected insurance information and provided the best sales options for patients. Played a critical role in ensuring a patient focused, customer oriented experience. Scheduled appointments, updated system with most recent contact and insurance information. Performed initial prescreening test, assisted with frame and lens selection that best suited patients' lifestyle and prescription needs. Assisted patients with contact lens insertion and removal.... View more ...

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fidypayfintechapi · 1 year ago

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#enach service provider #enach services company #enach solutions company #enach #enach registration #enach mandate

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veri5digital · 1 year ago

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Differences Between E-Nach and E-Mandate | Know Interesting Facts

Before the introduction of the eNach mandate and other mandates, the conditions of financial institutions were heavily dependent on manual labor and paperwork. This involved intense utilization of manpower, even for low-value tasks.

The manual paperwork process required to complete high-volume payments that resulted in delays, errors, frauds, and operational inefficiencies that could have been rectified by the adoption of better technologies.

Moreover, it is also a challenge to maintain comprehensive documentation of the financial history of a large pool of customers.

For this reason, the world of financial transactions and mandate management has witnessed a significant transformation. The incorporation of eNach and eMandate solved all the mentioned problems and unburdened the banking institutions by facilitating the easy transaction of recurring payments by an automated system.

For instance, by consenting to these technologies, you can easily pay electricity bills, school fees, and insurance premiums without needing them to be manually approved or physically visiting a bank.

Despite having similar purposes, these two payment systems are different.

The blog would therefore focus on what eNach and eMandate are as separate payment options and how they are different from each other. It would also highlight the benefits of these gateways.

What is eNach mandate?

eNach mandate, or the Electronic National Automated Clearing House, is a vital tool that facilitates interbank high-volume and low-volume transactions that are recurring in nature.

The whole process is done through enabling digital technology, which minimizes the resource dependency on form-filling, administrative, and operational investment.

The eNach mandate acts as customer authorization for banks to debit or credit funds automatically. The customer need not to manually give permission to authenticate the recurring payment every moment of time.

It comprises all the electronic clearing systems that were earlier used by lenders to automatically debit payments from borrowers without the hassle of periodic reminders.

To avail of the eNach mandate facility for debit or credit, customers have to digitally sign the NACH form. This is done to generate the UMRN or Unique Mandate Registration Number. It allows you to manage your mandate information and track it afterward.

However, eMandates are a different case.

What is eMandate?

eMandate is another popular digital payment service that supports financial infrastructure for businesses in India. Just like eNach mandate , it also automates recurring payments without manual interference.

By allowing you to provide standing instructions to your bank, it automatically debits a specific amount from your bank account,

It checks periodic payouts of loan EMIs, card payments, SIPs, etc. This helps avoid any penalties for late payments.

The Reserve Bank of India has also increased the minimum limit required in the e-mandate from Rs. 5000 to Rs. 15,000.

However, if you have insufficient funds at the time of the auto-debit, then the bank is liable to charge you a penalty based on their terms and conditions.

Apart from the ease of banking, eMandate prioritizes security and data privacy of the customer. They employ rigid and robust authentication protocols and encryption that are in compliance with the regulatory framework provided by the government.

How are eNACH and eMandate different?

Overall, both eNach and eMandate have similar features, but they are marginally different:

eNach is governed by the National Payment Corporation of India, or NPCI, and covers more than forty banks, whereas eMandate is individually controlled and covers four to five banks.

eMandate can be considered an electronic authorization that pertains to certain transactions, unlike eNach, which generally deals with the transfer of bulk and heavy-volume payments.

How is eNach and eMandate beneficial?

Despite a few narrow differences, the main purpose of these systems is to automate payment transactions. Apart from this one feature, it facilitates an array of benefits that put businesses in an advantageous position.

Cost efficient:

In a conventional scenario, organizations are required to send regular notifications and intimations to customers for follow-up on payments.

This time-consuming activity only results in unnecessary operational efforts, and administrative costs and might strain customer relationships with the businesses.

However, eNach and eMandate have reduced the large amount of investment involved in the manual structure of maintaining payments and invoicing.

Now, companies are not required to allocate manpower or other resources to track and follow up on late payments.

As the whole process is electronic, accounting also becomes much easier, paperless, and more efficient.

Convenient Process:

Both customers and businesses prefer a convenient system of payment rather than a tedious, manual process. In this regard enabling eNach and eMandate is quite easy.

It involves minimal paperwork and offers maximum ease in completing recurring payments. It also eliminates constant manual authentication and enhances customer-business relationships.

Customer Retention:

There is no denying the fact that customers prefer businesses that allow them to complete banking transactions at their convenience and comfort, especially when they are recurring payments.

That’s why many companies associate themselves with eNach and eMandate, therefore facilitating regular payments and uninterrupted and hassle-free customer service.

Moreover, the legal consent to auto-debit the amount on the set date would help businesses retain customers better as they gain the benefit of banking convenience.

Seamless payments:

In this digital age, banking can be quickly done via laptop or mobile screens. This feature of new-age technology gives customers the option to not visit the bank and instead complete their recurring payments from their place.

For businesses, it also becomes a viable option to strategically invest efforts and money in a financial structure that creates provision for auto-debit.

In the end, incorporation of eNach and eMandate adds to customer retention, improves the customer experience, and allows organizations to focus on key areas rather than low-value tasks.

Conclusion:

Both eNach and eMandate have revolutionized the payment landscape. Despite having slight differences, they both offer secure, seamless, and convenient payment solutions.

They were designed to enhance the technological infrastructure of the business industry by integrating advanced financial technology.

It is beneficial to both businesses and customers, promising a paperless economy for the coming future.

Veri5Digital, India’s leading identity and digital solutions provider, provides eNach and eMandate services to businesses that support multiple modes of authentication, paperless transactions, and lower rejection rates.

#eNACH #eMandate #aadhaar verification #digital onboarding #Veri5Digital

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