Account Access
Account access management enables the bank administrator to enable access of corporate accounts for channel banking. With this access defined, the corporate can transact on their accounts through internet banking. They can view accounts, statements, initiate payments, upload files, and various other transactions available for corporate users.
Account access management is a maintenance designed to allow and/or restrict the corporate accounts for online access. Typically, there are multiple users from different departments who transact on behalf of the corporate using specific accounts and specific transactions. Examples are:
- Large Corporates:
- Users belonging to HR department: Such users carry out transaction such as salary payments, enabling reimbursements, deducting taxes etc. Hence, will only
- Users belonging to administration department: Such users carry out transactions such as expenses repayments, monthly payments to vendors etc.
- Users belonging to Finance department: Such users carry out transactions such as payments of dividends etc.
- Small and Medium enterprises:
- May have users who typically carry all transactions and hence need to have access to most/ all accounts of the company and hence may not require any specific access to specific accounts.
On the basis of the request/ mandate received from the corporate clients, the administrator will use this maintenance to enable the corporate accounts to be accessed online. Further, users working on behalf of the corporate clients will be mapped to such accounts and their relevant transactions.
Below are the account access components: