Overview

IMSPrime partnered with feepal, PayU and Zaakpay in 2014 to provide an integrated payment gateway system along with our cloud based ERP systems IMSPrime, IMSPrime and XPressEG. The purpose is to provide parents an easy fee payment process using their credit card, debit card or online banking sitting at home, removing the pain to deposit fee by traveling distance and standing in a queue.

IMSPrime provides the facility to the guardians to make online fe s payments for their wards. The partner schools, colleges and institutes get the complete fee directly in their bank accounts. The payers have to bear a minimal convenience fees or Transaction Discount Rate (TDR) per transactions.

Benefit of payment gateway

1) Management Benefit

  • 1) Proving multiple payment gateways with support from feepal.
  • 2) Zero setup cost for both the payment gateways, while most of the payment gateway providers in market charges 10,000 to 50,000 Rs for single payment gateway setup.
  • 3) Very minimum transactional amount for parents. Less than any payment gateway providers.
  • 4) Parents paying fee online will reduce fee pay queue in the institution thus reducing resource, time and money.
  • 5) Payment made by parents will be automatically deposited in institution bank account and auto voucher will be generated thus reducing time for finance manager.
  • 6) From ERP automatically fee receipt will be emailed to parents email id, thus reducing paper work.
  • 7) Proper report of all the transaction can be viewed from the ERP (even the failure reports).
  • 8) Can sell admission brochure online thus saving printing cost and reaching more parents. Also this will save time to enter student information because parents are filling the form themselves.
  • 9) Can collect admission related fee online.
  • 10) Admission and fee pay is now a 24/7 service.
  • 11) Needs only 15 working days to make it functional.
  • 12) Very minimum paper work to get RBI permission for institution's proposal payment gateway.

2) Parents Benefit

  • 1) No need to travel to pay fee, thus saving time and money.
  • 2) No need to wait in queue to pay fee, thus saving time.
  • 3) Getting proper fee deposit reports in the ERP.
  • 4) Getting on call support for any payment related issue.
  • 5) More authentic way to pay fee.
  • 6) Can pay fee or process admission at any time, making the functionality a 24/7 process.
  • 7) Can use

Working Process

Payment gateway can be used by following modules:

  A) Students fee payment from parent login in ERP.
  B) Student Admission related fee payment from the institution website.

A) Students Fee Payment from parents login in ERP

  • 1) Parents will access the ERP using their ERP login. After login the below screen will appear:
  • 2) After login the parents will have to click Fee Manager -> Student Fee Entry. The below screen will appear:
  • 3) After selecting the Fee type parent have to click the "Pay Fee" button. The below screen will appear:
  • 4) Now the parents need to select the "Payment Mode" as Credit Card, Debit Card or Online Banking.
  • 5) As per selection the transaction amount will be added to the Total Amount.
  • 6) Then the parents need to click the Submit button. This will connect the payment gateway and below screen will display:
  • 7) Then the parents need to click the "Complete Order" button after entering the Card Information. The below screen will appear:
  • 8) After waiting for few moment it will connect the bank for payment credential:
  • 9) After payment a success/failure message will display and it will redirect to the ERP.
  • 10) If the payment is successful then it will send an email to the parents with the payment details and will also automatically update in ERP with students fee details. Within seconds the Fee amount will automatically be deposited to school bank account registered in the ERP.

B) Students Admission fee from institution website

This works similar to the student fee entry except the fee entry screen which will be as per institution website and admission rules and fee configured in the ERP.

NOTE: The above example is for debit card.

List of banks for online banking:

The number of banks connected with our payment gateway is increasing every day.

* 51 Banks connected with Zaakpay:

Sl No. Bank Name Sl No. Bank Name
1 Andhra Bank 27 Punjab National Bank - Retail Banking
2 Bank of Baroda - Corporate Banking 28 Punjab & Sind Bank
3 Bank of Bahrain and Kuwait 29 Ratnakar Bank
4 Bank of Baroda - Retail Banking 30 South Indian Bank
5 Bank of Maharashtra 31 Shamrao Vitthal Co-operative Bank
6 Central Bank of India 32 Syndicate Bank
7 Canara Bank 33 Union Bank of India
8 Punjab National Bank - Corporate Banking 34 UCO Bank
9 Corporation Bank 35 United Bank of India
10 Catholic Syrian Bank 36 Vijaya Bank
11 Dena Bank 37 Yes Bank Ltd
12 Deutsche Bank 38 Kotak Bank
13 Development Credit Bank 39 Allahabad Bank
14 Dhanlakshmi Bank 40 Bank of India
15 Federal Bank 41 State Bank of Hyderabad
16 IDBI Bank 42 State Bank of India
17 IndusInd Bank 43 State Bank of Bikaner & Jaipur
18 Indian Bank 44 State Bank of Mysore
19 ING Vysya Bank 45 State Bank of Patiala
20 Indian Overseas Bank 46 State Bank of Travancore
21 Jammu & Kashmir Bank 47 City Union Bank
22 Karnataka Bank Ltd 48 HDFC Bank
23 Karur Vysya Bank 49 Tamilnad Mercantile Bank Ltd.
24 Laxmi Vilas Bank - Corporate Net Banking 50 Axis Bank
25 Laxmi Vilas Bank - Retail Net Banking 51 ICICI Bank
26 Oriental Bank of Commerce

* 30 Bank connected with PayU:

Sl No. Bank Name Sl No. Bank Name
1 AXIS Bank 16 Karur Vysya Bank
2 Bank of India 17 South Indian Bank
3 Bank of Maharashtra 18 State Bank of Bikaner and Jaipur
4 Canara Bank 19 State Bank of Hyderabad
5 Central Bank Of India 20 State Bank of India
6 Corporation Bank 21 State Bank of Mysore
7 Deutsche Bank 22 State Bank of Travancore
8 Development Credit Bank 23 State Bank of Patiala
9 Federal Bank 24 Union Bank of India
10 HDFC Bank 25 United Bank Of India
11 Indian Overseas Bank 26 Vijaya Bank
12 IndusInd Bank 27 Yes Bank
13 Industrial Development Bank of India 28 Kotak Mahindra Bank
14 Jammu and Kashmir Bank 29 Indian Bank
15 Karnataka Bank 30 City Union Bank
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