E- Channels

• Electronic Receipt
• Additional & unique payment information can be captured on
• Who made payments?
• What the payments were for
• How much was paid
• Where the payments were made
• When the payments were made
• Customized and uniformed narration format
• Instant email notification to designated recipients
• Automatic update of customer's business application (ERP) as payments are received at branches
• Access to Corporate Portal for viewing transactions in real-time
• Zero sign-on & implementation cost

Benefits

• Enables fast and easy payment processes
• Reduces the risk & cost associated with handling cash.
• Online portal for monitoring of transaction log available
• Captures unique identifier(s) for reconciliation of invoice related transactions

Target Customer Segments

• Corporates in the supply business of goods and services nationwide with the need to capture unique identifying information on each respective payment.
• Corporates with high volume of cash and cheque deposits at branch level

Pricing

• Transaction Fee of N105 flat (VAT inclusive) bearable by biller or payer

Sign-Up Process

• A sign-off MOU between Bank and Corporate Customer
• Customization requirement form (Optional).
• The list of designated users to be given viewing and notification rights on the collection's activities

PROCESS FLOW (PAYER)

• Payer walks into any or nearest bank branch, fills a deposit slip and presents at paying counter.
• Tellers logs on to AccessPAY platform, selects the product
• Under the product, initiate a payment process for the payer
• The BSH confirms and authorizer the payment
• Upon a successful payment, a success message is displayed, an e-receipt is generated and issued to the payer

• Internet Banking
• Bank Branches

Features

• Zero sign-on & implementation cost
• Payments can be made to any registered Biller of EbillsPAY service with the assurance of receipt of value in online real-time mode
• The service leverages the NIP service, as such, there is seamless and straight-through processing from the initiation point to the beneficiary account
• Other payment services that require the use of cards, EbillsPAY is based on Account numbers of bank customers
• The service provides a means of notifying Billers of payments made by their customers via SMS or email, in real-time
• EbillsPAY has the capability to integrate with the core business application of the customer enabling automatic updates of payment records of each customer

Benefits

To Biller

• Seamless payments from any bank in Nigeria real-time via the bank's branch or Internet banking platform.
• Instant value in Corporate's account
• No limit on the transaction value.
• Captures unique identifier(s) for reconciliation of invoice related transactions
• Convert all bank branches into payment centres

To Payer

• Provides convenience and capability to make payments at the nearest bank branch or via your personal internet banking profile
• Secured payments on the internet
• Transaction notification by email

Target Customer Segments

• Corporates in the supply business of goods and services nationwide with the need to capture unique identifying information on each respective payment.

• Corporates with high volume of cash and cheque deposits at branch level

Pricing

• Transaction Fee of N105 flat (VAT inclusive) bearable by biller or payer

 
SIGN-UP PROCESS (MERCHANT)

Biller must fill and send back the following documentations

• An application form
• A sign-off EbillsPAY Agreement between the Bank and the Biller
• Customization requirement form (Optional).
• Webservice interface to validate all forms of captured payment information and also the fields to be returned upon successful authentication (Optional).
• Provide technical team with web service methods, descriptions, error-code list and other necessary details (Optional).
• Provide required fields to be returned for notification of successful payments

PROCESS FLOW (CARHOLDER)

In Branch

• Payer walks into any or nearest bank branch, fills a deposit slip and presents at paying counter.
• Tellers logs on to EbillsPAY platform, selects the Biller's product
• Under the product, initiate a payment process for the payer
• The BSH confirms and authorizer the payment
• Upon a successful payment, a success message is displayed, an e-receipt is generated and issued to the paye

Internet Banking

• Payer Logs into his/her bank's internet banking profile
• Payer selects 'Biller name', under Biller Menu
• Payer enters the required details for remittance
• Payer confirms bill payment on summary page and proceed to payment
• Upon a successful payment, a success message is displayed while an email or SMS notification is forwarded to the Payer's mail box

Functionalities

• Account Viewing and Transaction Reporting
• Make single and Bulk Payments
• POS Statement Viewing
• Custom Duty and Export Fees Payments
• Distributors Direct Debit
• Card Services
• Cheque Services
• FX Bidding

Features

• Security: Secure payment transactions incorporating best practices - maker checker, transaction authorization, notifications and alert.
• Balance Transaction Reporting: Single view of all customers’ accounts, statement and transaction history within the bank on the platform.
• Payments: Ability to carry out intra & interbank transfers using NIP and NEFT, also create domestic and international payments from a single solution.
• Customs Duty: Initiate duty payments to Nigerian Customs Service for both imports and exports products
• Multi-factor authentication/ Authorization: Use of passwords and OTP such as tokens to facilitate account access and payment transactions.
• End-to-end encryption (SSL): Encryption of sensitive data travelling over a network (Internet, wireless, WAN and Local LAN). Data covered includes entry via browser or client application.
• Alert System: Notifications and alerts for transactions to ensure payments are channeled to achieve desired objectives.

Benefits

• Improve decision making and execution with enhanced visibility and control of your cash position.
• Carry out transactions faster and more efficiently with straight-through-processing and simplified transaction workflows.
• Embed your corporate controls, policies and business rules in executing your banking transactions.
• Eliminate manual processes, reduce errors and increase system efficiency.
• Define customizable, real-time/ scheduled reports in standardised and adaptable formats.
• Improve business productivity by spending less time navigating accounts across banking solutions and more time focusing on your core business.
• Capture additional information, including aggregated balances across accounts and banks for enhanced reporting.

Target Customer Segments

• FMCGs {Fast moving consumer goods}
• Telecommunications
• Financial Institutions
• Logistics
• Oil & Gas
• Power
• Construction & Infrastructure
• Manufacturing
• Real Estate
• Lifestyle : Fashion, Beauty, Health & Sports
• Travel Agencies
• Shipping
• Retail
• Education
• Religious Bodies
• Home & Interior Décor
• Professional Bodies

Pricing

• Other payments of N5,000.00 and below made to other bank accounts will be charged N10.00 + VAT
• Other payments from N5,001.00 up to N50,000.00 made to other bank accounts will be charged N25.00 + VAT
• Other payments above N50,001.00 and above made to other bank accounts will be charged N50.00 + VAT
• Salary payments will be charged N15.00 + VAT

• Handling charge- 0.5% of transaction amount
• Swift charge - $15 (per transaction for transfers to other banks and international banks)