What is Mandate Management System ?
A Mandate Management System (MMS) is a solution which helps in creation, amendment and cancellation of mandates used for NACH debit transactions. The MMS should handle mandate processing and validation and forward the data to relevant destination via NPCI. The system should also handle incoming data from destination via NPCI and update the records and stakeholders accordingly. The system must be designed according to NPCI guidelines, practices and standards. Security, messages and other standards need to be maintained as required by NPCI.
Government