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Aggregated PayBill

Features

  1. Has head office and unlimited number of child PayBill accounts
  2. Each child PayBill account has a different name and short code
  3. A business terminal can be attached to each sub account and receive notifications of Payments
  4. There is allowance for Account number for each child account
  5. Web access and settlement of funds to Bank can only be done at Head office

Use of Aggregated PayBill

  1. Banks aggregate payments for merchants that Bank with them
  2. Cashless Distribution where distributors require account number details e.g. invoice numbers
  3. County Revenue Collection – set up different PayBill accounts for the different revenue collection points, but centralize banking