PAYMENT AND COLLECTION SOLUTIONS
Manage your payments through a convenient, secure and reliable mechanism with SNB Payment solutions. Choose from any of the following modes of payments which are available 24/7 to make local and foreign currency payments.
Send single transactions electronically through our online banking for corporate customers, to meet last minute deadlines.
Integration to SNB's Processing Engine:
Connect your accounting system to SNB's payment processing engine and eliminate all intermediary systems. For easy integration, click here.
Payments from Non-SNB Accounts:
Make payments from your accounts with other banks through instructions sent electronically to access other banks through SNB.
You can manage your cash flow and oversee growth with this efficient collection and reconciliation system. SNB's Collection and Reconciliation service includes the following payment channels:
- Standing Instructions, which can be sent to SNB electronically and collected automatically on your company’s behalf from SNBaccounts
- SNBCountry Branch Network which includes Cash payments, SNB checks and checks deposited from other banks.
- Incoming SARIE payments which facilitate payments collection from your bank by instructing your customer to include his/her unique identifier code.
Real-time payment reconciliation
All information related to the payment is captured immediately no matter which payment channel is used by your customer. Even payment instructions and information about the remitter can be automatically sent to SNB from your receivables management system. This means that SNB can automatically update the relevant account receivable record and give you a complete picture in real-time without any errors and delays. These records can also be customised as per your company's requirements.