Digital disruption has resulted in many changes, including the way business is conducted and executed these days. There is a huge need to redesign and rethink how merchants are handled by banks. A bank or financial institution can use a Merchant Management System (MMS) to keep track of multiple aspects of their merchants.
A Merchant Management System is a powerful tool that enables banks to access and monitor all the transactions that pass through a payment gateway. The entire system provides banks with access to transaction history and various other reports, including account invoices and transaction summaries.