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CorPay Solution The Corporate Payment Channel

CorPay Solution The Corporate Payment Channel. EG-ACH Direct Credit. EG-ACH Introduction. The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds Transfer (EFT) network. EG-ACH processes batches of interbank Credit and Debit transactions.

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CorPay Solution The Corporate Payment Channel

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  1. CorPay SolutionThe Corporate Payment Channel EG-ACH Direct Credit

  2. EG-ACH Introduction • The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds Transfer (EFT) network. • EG-ACH processes batches of interbank Credit and Debit transactions. • EG-ACH facilitates a wide range of (B2B, B2C, C2C) payments such as salary distribution, supplier payment, governmental payments, pension distribution and many more.

  3. EG-ACH Workflow Originating Bank Receiving Bank Payers: Corporations Payees: Individuals RTGS • Corporate • Corporate • Individual Funds Movement

  4. ACH Benefits for Corporate • Cash management • Initiate all payments from one bank to all banks • Business-to-Business payments (Supplier payments, Merchant payments) • Improves cash flow management • Reduces processing cost (No paper work, less time) • Easy recurring payments • Reduce domestic transfers transaction cost • Secure and cost effective mechanism to eliminate cash transfer risk

  5. What is CorPay? • CorPay is a user friendly web based solution hosted at the bank in order to avail the following: • Transfer funds to all banks in Egypt • Track the payment online • Concrete workflow for corporate users • Eliminate manual operations

  6. CorPay Features Web Based User Friendly interface Comprehensive Reporting Engine Bulk Upload Avail New Payment Channel • Daily/Weekly/Monthly Report • Users Activity report • Ability to Search by: • Due Date • Beneficiary Data • Payment Status Reduce Paper Work Multi Level Approval No additional investment needed Authorization Matrix Support Multi Bank Account Ability to Integrate with ERP Easy Recurring Payment Real Time Payment Tracing

  7. CorPay Overview Corporate Payment System Response Payment File EG-ACHDirect CreditISO file UploadPaymentFile Maker CheckPayment File ConfirmPaymentFile Checker Confirmer Bank A Different Banks Bank C Bank B CorPay(Hosted at the Bank)

  8. System Users Roles Corporate Users • Maker • Upload file • Add Single transaction • Edit and correct batches/transaction • Forward to upper level • Checker • Review batch • Reject batch/transactions • Approve batch • Confirmer • Review batch • Reject batch/transactions • Approve batch/send to bank

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