2. Overview

2.1 Introduction

The Payments Utility Interface module enables your bank to process payments made by customers towards services and utilities provided by specific utility providers. Customers may need to make these payments from any branch of your bank to any other branch of your bank.

For each kind of payment, you can define a product in the UP Product Definition screen.

You can make the use of the product specific to payments made to a specific utility provider, for a particular utility payment, and a particular payment currency, by defining ARC details in the ARC Maintenance screen.

You can capture details of each payment of a customer against a bill, in the Bill Payments by Account, Check or Cash screens, depending upon the mode of payment.

2.2 Features

The Payment Utility Interface module enables you to process utility payments made by customers, by providing the following features:

• Flexible definitions of accounting entries and events involving payments
• Definition of charges applicable
• Definition of exchange rates applicable for cross-currency conversions
• Inter-branch payment transactions can be processed