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Yes bank has developed unique proposition …

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Yes bank has developed unique proposition extending the entire benefits of the advertisement in the payments landscape to the customer's desktop by pioneering the introduction on the payments on the web. The platform provides online conformation along with instant settlement for payments making cash flow for ecasting easier and precise to the last minute. State the type of banking services highlighted in aforesaid case by quoting the lines from the same.
  • 2 answers

Gaurav Seth 4 years, 3 months ago

CORPORATE NET BANKING

 

YES BANK provides a one-stop bank for all Payables requirements of the corporate through a comprehensive Product Suite offering Cost and Administrative Efficiencies; superior Information Management systems – all within the ambit of best in class Security features.

YES BANK has developed unique product proposition extending the entire benefit of the advancements in the e-payments landscape to the customer’s desktop by pioneering the introduction of the electronic payments on the web.

The platform provides online confirmation along with instant settlement for electronic payments making cash flow forecasting easier and precise to the last minute. The product suite for payments, tailored around generic remittance requirements of various industry segments, is an ever evolving and dynamic one.

Salient Features

  • Multi-Level Authorization Matrix: A role based authorization matrix ensures safe and secure transactions for the customer eliminating the chances of erroneous payments.
  • Automated Email/SMS Advice: We provide an automated email advice to customer as well as the beneficiary to intimate the success of the payment thus providing the customer with real-time information regarding transfer of funds within various accounts.
  • Data Security: We provide digital signature and data encryption facility to the customers in order to deliver secured transaction processing, thus maintaining high degree of confidentiality for customer’s data
  • Two Factor Authentication: Usage of soft token device
  • Payment options :
    • Straight-Through Integration with RBI for RTGS and NEFT payment mechanisms enables seamless transaction processing
    • Multi transaction type bulk file upload facility for electronic payments
    • Remote Cheque/ DD printing at 8 locations and centralized Cheque/DD printing from two state-of-the-art ‘National Operating Centers’ in Mumbai and NCR
    • Client side cheque printing facility
  • Tax Payments : Payment of Direct/Indirect taxes
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