PAYMENTS
Customers have various payments required to be done in day to day life. This requires customer to transfer money from one account to another account of an individual. The transfer of money could be towards payment of fees, payment of daily utility bills, payment towards booking of vacation trips, hotel reservations, salary payment of individuals etc.
Application simplifies the customer requirement to transfer funds from one bank account to another through digital banking. The user can transfer funds to his own or any other account within the same bank or to any account outside the bank through the wide range of payment features available in application.
Application also supports a facility of interfacing with the third party interface for customer payments.
Various transactions available under the payments module:
- Transfer Money (Make Money) – through which the customer can initiate a transfer to a payee’s account.
- Draft Issuance- Demand Draft can be issued.
- Bill Payment - Customer can initiate a utility bill payment.
- Biller Setup- register biller to make bill payment to the registered biller.
- Adhoc Payment- cater their requirement of different types of payments.
- Favorites- Displays all the favourite transactions of the customers. Customer can effect an immediate payment selecting the favourite transaction as the fields are auto populated.
- Payee Setup- Easy access to the customer for payee maintenance for money transfers and bill payments.
- Repeat Transfer- The entire customer payments which need to be repeatedly done by the customer at a periodic interval can be initiated only once through Repeat Transfers.
- Inward Remittance Inquiry- inquire on inward remittance received on an account.
- Outward Remittance Inquiry- can view the outward remittances sent through various domestic and international channels
- Upcoming Payments Inquiry- View of all the upcoming payments which were initiated by the customer to be executed at a future date
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