+966 11 278 5567
Exit 9, Imam Saud Road, P.O.Box: 2086 Riyadh 11451, KSA.

Banking Solutions

Payment Management Solution PMS

We aim to make our customer’s business more efficient and profitable through reduced payment costs, enhanced control and streamlined corporate payment processing function

Payment Management Solution offers a real-time comprehensive payment and transfer mechanism for corporate clients including tax payments, bill payment, multiple account transfers, stop payments, and business-to-business transactions. We help our customer to facilitate their client organizations in the best possible manner.

Salient Features

  • Corporate Payment / Bulk Disbursement
  • Multi - Customer / MTO
  • Interbank Fund Transfer - IBFT & Real Time Gross Settlement - RTGS Supported
  • Multiple Payment Modes
  • Instrument based payments
  • Electronic and paper based instruments for payment
  • Universal Uploader for instructions uploading
  • Instrument Holding / Cancellation
  • Data Capturing
  • Holding & Cancellation of payments
  • Account Balance checking
  • Instrument Printing
  • MICR Printing enabled
  • Dynamic Instrument Printing
  • Customer Branding
  • Dispatch
  • Authorization Matrix (Authorization rules and limits)
  • Remote Authorization (Customer authorizes)
  • Cancel / Stop payment rules
  • Limit control against each transaction
  • Payment Station
  • Data upload & download
  • User defined Instrument format
  • Authorization Rules
  • Agent Powered
  • Two way Authentication
  • Multi-Layer Security Shell
  • Home Remittance
  • Demand drafts/bankers cheques
  • Customer Corporate Cheques
  • Cash disbursement
  • Account Reconciliation Services

PMS - BASIC FLOW

Home Remittance

More than 45 agents are already integrated and compliant to our Payment Suite. Inward remittance is provided through

  • Using FTP Files
  • Using Web Services (compliant with RIA, Placed, Aftab Currency, Money Gram, Samba etc)
  • Using PRI Network ( State bank Compliant)

Payment Station for Corporate Customers

Payment station is an online interface provided to corporate customers. Corporate customer logins the payment station for performing payment related transactions including upload Customer data, transaction data or instructions. Authorizes the uploaded data (transaction & Signatory) and publish it. User can also perform enquiry operation upon customer or transaction data.

Payment System’s Benefits

  • Facilitates corporate payment for customers delight
  • Electronic and paper based Instruments facility
  • Customizable Instrument format as per requirement
  • Data capturing and processing in staging area
  • Amendment / Cancellation of instruments in case of discrepancy
  • Instrument printing
  • Dispatching
  • Data entry through Upload
  • Alert Management (SMS, Email & FTP)

seta