Mass payment
The mass payments system is available to those of you who send or receive at least about a hundred payments monthly. Potential system users are, for example, cellular phone operators, insurers, housing cooperatives, Internet providers.
Mass payments facilitate greatly the process of periodical receipt or sending of large volumes of transfers. The system provides you with electronic details about deposits on your account or outgoing transfers, which enables automation of financial and accounting processes. This in turn minimizes the probability of errors caused by manual handling of payments. The system ensures transparency of your current account with our Bank, and in the case of payroll transfers, their confidentiality. It also makes it possible to identify quickly and accurately, and to reconcile payments.
How do you benefit:
effective monitoring of receivables through automated identification of processed payments, error-free identification of your counterparty and the option to receive payment information after each KIR (National Clearing House) session,
limited payments processing time as a result of, among other things, automated distribution of files or full automation of outgoing and incoming transfers,
reduction of operating expenses through certain identification of counterparties, reduction of time input for manual accounting and import of transfers from your financial and accounting system into electronic banking,
data confidentiality (single global debit/credit on your current account, separately generated file with transaction details and payment refunds recorded as a global amount).
