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Microenterprise Access to Banking Services Program

Microenterprise Access to Banking Services Program. Consolidation, Settlement, and Reconciliation RBAP-SMART Money Accreditation Training. Consolidation.

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Microenterprise Access to Banking Services Program

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  1. Microenterprise Access to Banking Services Program Consolidation, Settlement, and Reconciliation RBAP-SMART Money Accreditation Training

  2. Consolidation All or excess Smart Money Account balances of the branches is transferred to the Smart Money Account of Head Office (Cash Loading Mother Wallet) for consolidation of all Smart Money balances and settlement at the end of the day to BDO. Transfer is done wallet-to-wallet.

  3. Wallet to Wallet Cash Loading Mother Account Smart Money MOTHER Accounts • Bank Head Office and Branches must keep logs of amount transferred per branch for references purposes. • Manual sending of funds to Head Office by using a cellphone. Head Office SMB CLA SMB CLA SMB CLA Branch 1 Branch 2 Branch 3

  4. Los Banos 25 July 2010 Head Office 8:15a 10,000.00 072509 1234567809 10,000.00

  5. Los Banos July 25, 2010 Max Domingo 5299-6789-9098-9876 1,000.00 July 25, 2010 9:30 am 1234567852 Elena Dela Cruz 5299-6789-9098-5009 July 25, 2010 10:00 am 1234567888 500.00 1,000.00 500.00

  6. Head Office 25 July 2010 Los Banos 10,000.00 072509 1234567809 8:15a Paete 8:15a 10,000.00 072509 1234567899 Cadelaria 1234567811 10,000.00 072509 8:15a Los Banos 3:30p 072509 9,500.00 1234567555 Paete 8:15a 20,000.00 072509 1234567899 Cadelaria 1234567811 15,000.00 072509 8:15a 34,500.00 30,000.00

  7. Transfer funds from Cash Loading Account to Encashment Account Sweep Mother Account Transfer of SMART Money Cash Loading Mother Account Balance to SMART Money Sweep Mother Account. Sweep Mother Account will have zero balance after the sweep. Head Office Cash Loading Mother Account

  8. Settlement Sweep Mother Account Auto-sweep Settlement Account (SA/CA) Funds from the Sweep Mother Account are auto-sweeped and credited/transferred to the accredited bank’s enrolled BDO CA/SA. Rural bank be enrolled with with BDO’s Auto-Sweep Settlement and enroll in the Auto-Sweep System Facility. Head Office Cash Loading Mother Account

  9. RECONCILIATION

  10. Reconciliation (Client Level) For any discrepancy regarding balances of Smart Money Account of the Account Holder (Client), Bank must advise the Account Holder to call Smart Money Hotline 15177 (Toll Free) from his mobile phone to know every transaction details.

  11. Reconciliation (Bank Level) • The following must be compared with the transactions logged in the Client Transaction Report and Inter-Office Transaction Report: • Smart Money Acknowledgement Receipt • Smart Money Transaction Confirmation Receipt • Official Receipt • Pre-fund • Transaction Request Forms

  12. Reconciliation (Bank Level) • Bank may also check the Balances and Transactions using Transaction Logs (such as Client Transaction Report and Inter-Office Fund Transaction Report) against Statement of Account that is provided by Smart Communications to the Bank on a per account basis. • Bank may also call Smart Money Settlement Support for concerns regarding balances. • The Smart Money Portal is another tool that Smart Money partners can use to validate and reconcile daily transactions.

  13. Smart Money Portal

  14. What is Smart Money Portal? • Web-based frontend tool for Smart Money trade partners (can be accessed using a web browser and internet connection) • Supports generation of transaction reports (for Phase 1) and will eventually support financial transactions such as disbursement (Phase 2)

  15. What transactions are currently supported? Reports Generation • Daily Transaction Summary Reports • MIMOs (Networked Fulfillment Centers) • MFIs (Lending) • Smart Money Accounts assigned to the Client will be the basis for reports generation • Reports can be downloaded in .csv or .txt format

  16. How do I avail of this facility? • Client should sign an agreement with Smart (e.g. MOA for being a MIMO Center) • Client fills out application form and submits to Smart (Account Manager) • Smart creates user account and notifies Client regarding the access details • No monthly service fee will be charged to the Client

  17. What access levels are available? SMART Smart Admin Receiving Account Disbursing Account COMPANY INDIVIDUAL User Account Client Admin Reports Admin Individual User Branch Account BRANCH Branch Admin User Account Branch User

  18. Log-On Screen

  19. Screenshots

  20. Screenshots

  21. Screenshots

  22. Sample of Generated Report

  23. Notes: • The portal can be opened using Internet Explorer or Mozilla Firefox. • Currently, reports are made available in the system at 11:00am.

  24. End of Presentation

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