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Integrated Payment Solutions
Integrated Payment Solutions
Payments entail a broad spectrum of requirements, with constantly varying payment formats and systems. While paper-based payments currently constitute a majority of payment modes in the country, electronic-payments are fast gaining importance.
Managing these constantly evolving and varied requirements, while seeking to effect your payments in a timely and accurate manner, is an administrative burden that your company would like to do away with - but at the same time your company would like to ensure that your internal guidelines and controls are in place.
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Benefits
Benefits of HSBC's integrated Payment Solutions (IPS)
- Reduction in the overall end to end cost of processing payments and accounts reconciliation
- Enhanced reconciliation resource optimization in payments processing and account reconciliations
- Improved Risk Management and Controls
- Improved vendor relationships
Features
Key Features of HSBC's IPS
- A single point of entry for real-time information & transaction - execution for all your accounts
- Solution for online creation or file uploads of payment instructions for execution through varied modes like Cheques, Drafts, RTGS, NEFT & Account Transfers
- Options for instruction level or file level authorization or pre-authorized modes of initiation
- Flexible and scalable authorization matrix permitting multiple authorizing levels
- Availability of varied Account Statements and Reverse MIS files for automated reconciliation within your systems
- Safety and security through two-factor authentication
- Industry benchmark security through 128 bit SSL encryption
