Recurring Payments

Off the shelf solution for multifunctional recurrent payments service

Recurring Payments is a product for organizing an auto payments service in a bank. This service allows bank clients to set up automatic debiting their accounts to pay the utility bills or fines on the regular longtime basis. The types of recurring payments we can implement:

  • Scheduled payments are executed once per period for a fixed sum. For example, it can be a monthly payment to Internet provider.
  • Event payments are executed upon the occurrence of a certain event for a fixed sum. For example, it can be a payment for mobile service when reaching a minimum threshold balance.
  • Payments against customer’s debts are executed when the system has found the customer’s unpaid bills, if the amount of payment does not exceed the limit specified by the customer. For example, the system automatically interrogates the service providers about the customer’s debts, and in case of detection, initiates the payment.

he bank’s client can set up the recurring payment service in all front-end applications such as mobile and Internet bank, ATM or terminal, cash desk. Recurring Payments is a new component of Payments Hub solution. Recurring payments service can be configured via the Operation Studio interface (a component of Payments Hub solution.)

Implementation results

 

Features

 

Multichannel

Service is integrated with all channels of remote banking services. Frontend eKassir solutions are pre-integrated with Recurring Payments

Omnichannel

Recurring payments are available in all customer’s applications and fronts since the customer has set up this service in any remote service channel

Security and reliability

Secure and reliable functioning is supported by Operation Server

Easy setup

All settings are available via Operation Studio interface

Fully functional solution

All types of the recurring payments are supported

Easy integration

Using basic features of Operation Server reduces the integration process duration

All functionality

 

Get more information about the solution on a separate website.

Success stories

 
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Questions?

 

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