Axis Bank launched its Acquiring Business in December 15, 2003. Axis Bank is one of the fastest growing banks in card acceptance services field. We have invested in building a robust infrastructure to enable smooth and reliable acceptance of payment through cards on our EDC (Electronic data capture) terminals. Currently we offer the facility to accept Master, VISA credit and debit, Rupay as well as American Express Cards (subject to approval from American Express)
1. Increased Sales:
Axis Bank encourages your customers to spend more as they are not constrained by cash on hand. You may see increased purchases of higher-margin products as well as specialty items and customers may visit your store more often since they need not carry cash.
2. Customer Satisfaction:
Your customers will appreciate the fact that you allow them the flexibility to pay the way they want to pay which will include credit & debit cards as well.
3. Customer Care of Highest Standard:
A robust, round-the-clock authorization and merchant support services function ensures fast response time and reliable support in case of network outages and EDC malfunctioning. This minimizes downtime, thus enhancing productivity and profitability.
4. Speed up the payment process:
No more counting change or waiting while customers write cheque. You will speed up the payment process with rapid electronic payment.
5. Improved competency:
Card transactions will be conducted electronically. Paperless payments will save your time and money by minimizing cash handling and payment reconciliation, giving you more time to focus on more important things like managing and growing your business.
6. Enhanced Protection against Frauds:
To ensure a high level of protection from frauds, we have built in sophisticated security features additionally in the EDCs. Our terminals are EMV certified and can accept chip and PIN based cards.
7. Retrieval of records:
Axis Bank supports retrieval of transactional data as per requirement.