BANCNET BILLS PAYMENT FACILITY
Our Bills Payment Facility is a multi-channel platform designed for payment collection that is equipped with data reconciliation and settlement capabilities. This facility offers electronic payment reporting to the Biller Partner thru the Biller’s chosen BancNet member depository bank. The available channels are:
Payment transactions processed through any of our channels are consolidated on the following banking day and reported to the Biller Partner and the Depository Bank on the same day. Reports are accessed and downloaded from our website by the authorized representatives.
A unique feature of our bills payment system is the Account Number Validation. Our system requires a check digit algorithm that will validate the account number keyed in by the subscriber. This feature serves as a security measure in processing electronic transactions as it ensures the correctness and validity of subscriber account or reference numbers.
Advantages to your company and other clients
Biller Info Sheet Adobe reader is required to view the file. |