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FinnAxia Electronic Bill Presentment and Payment

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FinnAxia Electronic Bill Presentment and Payment

Product Module Overview

FinnAxia Bill Payment provides electronic bill presentment and payment solutions to banks and financial institutions. The solution allows banks to act as an intermediary between the biller and customers availing their services. The billers’ customers can receive and view their bills online and submit electronic payments using various methods. The payer can login to the online banking system and pay the bills raised to them or make ad-hoc payments to the registered billers. Invoices raised can be uploaded online by the payee. The payee has both the options – selective payment of bills as well as multiple bill payments at one go.


Features

  • Presentment Bill Payment: The Biller can present the bills online and the uploaded bills are displayed to the Payer once they login to their internet banking systems.
  • Registered Non-Presentment Bill Payment: The Payer can also makes the payment of bills without their online presentment by the biller
  • Ad-Hoc Bill payment: To pay ad-hoc bills, the payer can select the biller from the standard biller list and make the payment.

Business Benefits

  • Increased cash flow with reduced operational cost
  • Biller centric design with intuitive user interface
  • 24*7 availability
  • Multiple payment options with consolidated credit
  • Customized notifications
  • Detailed reports

Features

  • Single screen for Single/Multiple payment initiation
  • Biller Service Registration
  • Biller Service & Payer Mapping
  • Auto Pay setup- Presentment/Recurring Payments
  • Alerts/Notifications
  • Bill Aggregation/ Upload
  • Pre-canned reports
  • Bill fetching from external systems
  • Biller/Payer Charges