Bulk ePayments
The payment landscape continues to shift across the globe– with multiple payment mechanisms, especially electronic, gaining greater acceptance. Management of those payments becomes critical and NCR provides that ability for both central and commercial banks.
NCR provides a clearing and settlement system for central banks to offer bulk credit and debit clearing. Known also as "Automated Clearing House (ACH)" transactions, the bulk ePayment transactions that can be cleared include:
- Standing orders (Direct Cedit)
- Automated remittance collection (Direct Debit)
- Internet payments at billers (Direct Debit) or via Internet Banking System (Direct Credit)
- Telephone payments at billers (Direct Debit) or via bank (Direct Credit)
An electronic clearing house, operated by the central bank or some other authorized party provides the clearing and settlement functions with payment entry/exit at participating commercial banks provided through a payments gateway.
Bulk ePayments from NCR offers new payment services to commercial bank customers, while providing a secure managed environment that ensures the integrity of those transactions. Bulk ePayments also shares a common platform with NCR's electronic check clearing solution, ImageMark ECPIX . This means your investment can be leveraged for another important payment instrument, improving the cost savings and reducing operational complexity.
For more information on the ImageMark ECPIX solutions, download the brochure.