FirstPay is a web-based payment platform that is designed and developed to allow our valuable clients directly effect payment instructions from their offices anytime in a very secure and efficient manner. Because it is available over the web, payments and authorizations can be done regardless of location, as long as there is internet connectivity.
 

Features:
The solution is most suitable for clients who carry out bulk payments against their accounts in form of Salary Payment, Vendor/Supplier Payment, e-Dividend, Pensions, etc regardless of account bank. It gives the corporate the power to execute their payment instructions without first sending a physical instruction to the bank and waiting for the bank to effect the instructions.

FirstPay allows the initiation of an instruction by uploading the instruction in an approved file format. Following the upload, the transaction authorizer is notified by e-mail and/or SMS with the payment authorization code which enables the authorizer approve payments, with corresponding debit and credit entries passed automatically.

The platform is available to setup clients through a browser and does not require any special infrastructure or additional investment on the part of the client other than an internet connection.
 

Functionalities:
FirstPay allows the corporate to perform the following functions:

1. Check Balances

§  View consolidated bank account balances across banks

2. e-Cheques

§  Issue and Upload e-Cheques (for Vendor/Supplier payments)

§  Register/Upload Beneficiaries

§  Standing Orders

§  Purchase e-Cheque Book

3. e-Salaries

§  Register/Upload Beneficiaries

§  Upload Salaries

§  Upload Schedules

4. Reports

§  Payments Made

§  Payments Received

§  Payment Schedule

§  Audit Trail

5. Administration

§  Confirm Banking Details

§  Corporate Information

§  Users (Listing & Setup)

§  Approval Group

§  Approval Workflow (Mandate)

§  Set-up Card (Virtual Card that enables passing of entries)

§  Change Password.

Benefits:

§  Enables corporate initiate and conclude payments without relying on the branch to process on their behalf. .

§  Efficient and timely payment of beneficiaries especially time critical payments.

§  Approval of payments can be done from anywhere in the world regardless of the location of the authorizers

§  View reports and Audit trail for easy reconciliation

§   Convenient and easy to use