<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2025/04/Credit-card-Product-updates-Banner-3.webp" alt="M2P Fintech" title="" id="949nmx2yl" width="100%" height="253"><p class="text-node" id="4l13yp7uk" style="text-align: left">Welcome to the Q4 FY 2024-2025 edition of our quarterly product updates, where we spotlight the newest enhancements to our <a class="link" href="https://m2pfintech.com/credit-cards/">credit card stack</a>.&nbsp;</p><p class="text-node" id="9u1jta4bh" style="text-align: left">This product update note highlights key improvements that enhance operational efficiency and end-user experience, ultimately helping you deliver greater value to your customers.&nbsp;</p><h2 class="heading-node" id="xhajg3tzk" style="text-align: left"><strong>Product Highlights</strong></h2><h4 class="heading-node" id="h607py904" style="text-align: left"><strong>1. Minimum Amount Due calculation for MENA region</strong>&nbsp;</h4><p class="text-node" id="e1q2mu4xe" style="text-align: left">As part of this feature upgrade, any overdue unpaid MAD from the previous cycle will be added to the current cycle’s MAD.&nbsp;</p><p class="text-node" id="d8640ab7m" style="text-align: left">The system will keep incrementing MAD if the customer does not clear the overdue, which may also lead to mathematically MAD becoming greater than TAD. In such scenarios, the system will keep MAD = TAD and not increment further.</p><h4 class="heading-node" id="rysocuti5" style="text-align: left"><strong>2. Password configurations for statements</strong>&nbsp;</h4><p class="text-node" id="qz0tbi0pn" style="text-align: left">This feature provides the ability for a bank/fintech partner to set or update the password configuration that is set for protecting the statement. Passwords can be configured based on 4 different parameters –<em> First Name, Last Name, DOB and Last 4 Digits of Card Number</em> through any order of preference.&nbsp;</p><h4 class="heading-node" id="444q07olb" style="text-align: left"><strong>3. FRM integrations for RuPay and Multi-card&nbsp;</strong></h4><p class="text-node" id="igvhhqbvk" style="text-align: left">Any new additional cards/RuPay card availed by the customer will be onboarded to <a class="link" href="https://m2pfintech.com/blog/all-you-need-to-know-about-building-a-robust-fraud-and-risk-management-frm-system/">FRM</a> system so that transactions done through new additional cards and RuPay cards are also monitored.&nbsp;</p><h4 class="heading-node" id="w0lzav636" style="text-align: left"><strong>4. FRM integrations for additional configurations</strong>&nbsp;</h4><p class="text-node" id="we877onhs" style="text-align: left">A set of configurations is available to filter out advice transactions sent to the<a class="link" href="https://m2pfintech.com/frm-aml/"> FRM</a> system. These configurations can be defined at the credit end based on MTIs, reason codes, and response codes.&nbsp;</p><h4 class="heading-node" id="53o7peqgc" style="text-align: left"><strong>5. SI report generation</strong>&nbsp;</h4><p class="text-node" id="w8ot8r580" style="text-align: left">SI report automation and generation with the fields below&nbsp;</p><ul class="list-node" id="guk5kgw3m"><li><p class="text-node" id="lcqk38id5" style="text-align: left">CIF Number&nbsp;</p></li><li><p class="text-node" id="0hvkcxxod" style="text-align: left">Tran Date&nbsp;</p></li><li><p class="text-node" id="05xnxt1kd" style="text-align: left">Tran Amount&nbsp;</p></li><li><p class="text-node" id="4vf1mzdpv" style="text-align: left">Success/Failure with Reason<strong>&nbsp;</strong><span style="color: rgb(51, 51, 51)">&nbsp;</span></p></li></ul><h4 class="heading-node" id="ltfvg1hbl" style="text-align: left"><strong>6. Report automation</strong></h4><p class="text-node" id="wqsnxyscr" style="text-align: left">Automation of the following transactional reports on a daily and monthly basis. These reports will now be sent through the warehouse system on configuration&nbsp;</p><ul class="list-node" id="60z18484u"><li><p class="text-node" id="sc42jc909" style="text-align: left">Financial Activity Reporting&nbsp;</p></li><li><p class="text-node" id="cfxqwq4qs" style="text-align: left">R16 Report&nbsp;</p></li><li><p class="text-node" id="pukh2gu80" style="text-align: left">Repayment Report&nbsp;</p></li><li><p class="text-node" id="k36iyy4kx" style="text-align: left">Interest Summary Report&nbsp;</p></li></ul><h4 class="heading-node" id="teag43vy2" style="text-align: left"><strong>7. UPI credits to be allowed with restricted MCCs</strong></h4><p class="text-node" id="1kuxz9ia1" style="text-align: left"><a class="link" href="https://m2pfintech.com/upi/">UPI</a> transactions with UPI Type as CREDIT and all other Subtypes such as PAY, COLLECT etc., are now allowed for payment processing.&nbsp;</p><h2 class="heading-node" id="11xn80ybz" style="text-align: left"><strong>Supply Chain Financing Module</strong></h2><h4 class="heading-node" id="2kzsk0ehm" style="text-align: left"><strong>1.Order cancellations post confirmation</strong></h4><p class="text-node" id="v83h2yy4r" style="text-align: left">As part of the <a class="link" href="https://m2pfintech.com/blog/unlocking-growth-supply-chain-financing-future-with-m2ps-credit-stack/">supply chain financing</a> product, we have added the provision to cancel a transaction post the order confirmation and placement, prior to the order being delivered.&nbsp;</p><h4 class="heading-node" id="1o1gx3dx4" style="text-align: left"><strong>2. System integration for document dispatch</strong>&nbsp;</h4><p class="text-node" id="sj6sp19fx" style="text-align: left">As part of supply chain financing product implementation, a call is made to the Bank’s document generation API to dispatch regulatory documents at the time of onboarding a merchant and once a drawdown is done. The relevant dynamic variables required for populating the document such as: <em>Customer Name, Due Date, Due Amount details, </em>etc. are shared through this upgrade.&nbsp;</p><h4 class="heading-node" id="eij5buxx4" style="text-align: left"><strong>3. Notification for spend reports</strong>&nbsp;</h4><p class="text-node" id="8kqvtfa0g" style="text-align: left">When a spend report is generated and sent to the registered Mail ID, an SMS will also be sent to the customer. Parameters that will be sent in the notification are&nbsp;</p><ol class="list-node" id="mmax33zu3"><li><p class="text-node" id="vz8uwpg8q" style="text-align: left">Customer’s first name and last name&nbsp;</p></li><li><p class="text-node" id="mgwacya9l" style="text-align: left">Total consolidated due for the month&nbsp;</p></li><li><p class="text-node" id="1wx5fjxf0" style="text-align: left">Billing month details - month and year for which the bill is generated&nbsp;</p></li></ol><p class="text-node" id="foz5g80on" style="text-align: left">That’s a wrap on this quarter’s highlights.&nbsp;</p><p class="text-node" id="qv3u0oqua" style="text-align: left">We’re continuously working to improve our credit card platform to better serve our partners and their customers. If you have questions about these updates or want to see them in action, feel free to <a class="link" href="https://shorturl.at/yZdwB">contact us</a>.</p><p class="text-node" id="veadnqu1x" style="text-align: left"><strong><em>Follow us on&nbsp;</em></strong><a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://www.linkedin.com/company/m2pfintech/mycompany/" target="_blank" rel="noreferrer noopener"><strong><em>LinkedIn</em></strong></a><strong><em>&nbsp;and&nbsp;</em></strong><a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://twitter.com/m2pfintech" target="_blank" rel="noreferrer noopener"><strong><em>Twitter</em></strong></a><strong><em>&nbsp;for insightful fintech bytes curated for curious minds like you.</em></strong></p>

Tag: "Product Update (1)"

M2P Fintech