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    Payment and Collections Proposal

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    Payment and Collections Proposal

    Uploaded by

    tivuklogistics
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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    9 views14 pages

    Payment and Collections Proposal

    Uploaded by

    tivuklogistics
    got

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 14

    GTBANK PAYMENT

    &
    COLLECTION SOLUTION PROPOSAL
    Payment
    GTBANK Automated
    GTBANK Payment
    Automated Payment System (GAPS)
    System (GAPS)
    The GAPS-Lite App

    To register
    08/24/11
    Services Available
    Services On
    Available On GAPS
    GAPS

    Bill Payments e.g Airtime,


    Online real-time access to
    accounts and transactions Custom duty, Remita MDA/Tax
    Payments

    Bulk and Single Reports from other platforms


    payments e.g GTPAY, POS,
    GTCollections

    Enables Cardless withdrawal


    using ATM (Cash out @ATM) Other services such as Cheque
    Confirmation, Corporate card
    funding etc.
    Collections
    GTCollections

    • GT Collections is a convenient, secure and reliable payment collection platform that enables corporate
    entities to seamlessly collect payment from their customers.

    • The platform enables merchants that require specific information such as unique identifiers for their
    customers, order description and invoice details to seamlessly collect such information at the point of
    payment.

    • Such information aids the merchants in further processing the payments and making subsequent
    reconciliation easy. Examples of such payments include school fees, visa fees, insurance premium, church
    donations, subscriptions, taxes, utility bills etc.

    • GTCollections can currently be accessed only by GTBank customers and is available across all the GTBank
    electronic channels: 737, GTWorld, Internet Banking and in-branch

    • GTCollections harmonizes payment collections across these channels via a single integration to the
    merchant’s platform or a simple profile that requires no integration.
    Introducing Paynow
    • Digital Banking Team of the Bank collaborated with Habaripay to build an upgrade to GTCollections by introducing the Squad
    Payment Gateway to addresses the limitations identified with GTCollections.

    • In the new GTCollections update, customers profiled on the platform now have the added convenience of receiving payments
    through other channels, including cards, transfers, and USSD through unique payment links powered by Squad.

    • This implies that GTCollections merchants can now receive payments from non-GTBank customers as long as they have
    accounts in any Nigerian bank.

    • Merchants who are already profiled on GTCollections need not undergo a separate integration for these new payment TRANSFER
    channels. Instead, they will seamlessly transition to the updated service while retaining their current integration.

    • This simplified onboarding ensures a smoother experience for existing merchants, allowing them to leverage the expanded
    payment options without any additional integration efforts.

    • In addition merchants now have a dashboard where they can view their transactions and download reports for futher
    processing and reconciliation.
    GTCollections versus Paynow

    Features GT COLLECTION Paynow


    Unique Payer Data Capture ✓ ✓
    Information Validation ✓ ✓
    Available to GTBank users ✓ ✓
    Available to other Bank users X ✓
    Payment Link for other X ✓
    platforms
    Website Plugin X ✓
    Reporting Dashboard X ✓
    Pricing Payer bears charges Payer bears charges
    On-boarding Processes for the Digital Solutions​

    GTCollections​ Paynow GAPS/GAPS lite​

    1 ​indicating interest in GTCollections Account officer request on Customer FIlls onboarding form or sends an
    through the relationship team behalf of customer by instruction/ board resolution signed by
    sending an email to directors
    [email protected]

    2 Registration documents and (API GTBank (Digital Banking) Complete the Form with the required
    documentation) where applicable profiles customer on information and submits to the bank
    is shared GTCollections and notifies
    Habaripay to create a unique
    payment link for merchant.

    3 Upon receipt of specification Habaripay advices the unique The bank treats request and users receive
    document, integration payment link login details with which they can start
    commences transaction.

    4 Once integration is completed, Customer receives an email


    testing is conducted​( 4-6 Weeks) containing Squad Dashboard
    Upon successful testing, solution is log in details
    deployed
    Transaction Charges

    Products​ Charges​

    GTCollections​
    Internet Banking & Mobile Banking​ N100 flat per transaction​
    Branch​ N200 flat per transaction​

    Paynow 1.1% Capped at N1,600

    GAPS/GAPS lite​
    Bulk Payment Charges (GTBank)​ N15 (per transaction) ​
    NEFT/NIPS Transactions ​ Below N5,000 – N10​
    GTBank Account Transfers (Single N5,001 - N50,000 – N25​
    Transactions)​ Above N50,000 – N50
    Free​
    Thank you!

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