Settlement Bank Services
We also perform clearing house and switch settlements on behalf of clients. The products settled include inbound and outbound NEFT, NIP, cards, POS and any industry product
Our settlement services will enable your company to process interbank transactions on behalf of customers via integrated self-service applications and platforms. At the same time, Stanbic IBTC Bank will perform a “NET” settlement into the nominated account. We can onboard our clients on the NIP infrastructure in partnership with NIBSS such that your customers receive funds directly and instantly into their accounts from Deposit Money Banks and other financial institutions that are connected to NIBSS NIP solution. Our clients are also able to make instant transfers to other banks as well.
What's in it for you
- Ease of payment for your clients which positively impacts patronage.
- Ability to process higher transaction value above instant payment
- Operational efficiency through the automation of the payment and settlement process
- Expert, hands-on team to manage settlement and dispute resolution
- Automated intraday, end-of-the-day, weekly and monthly account statements and reports
- Automatic account reconciliation on company ERP via integrated reporting
- Settlement services for all NIBSS products, including cards, merchant and related transactions
- Provision of daily settlement reports and chargeback information
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What's in it for you
- Ease of payment for your clients which positively impacts patronage.
- Ability to process higher transaction value above instant payment
- Operational efficiency through the automation of the payment and settlement process
- Expert, hands-on team to manage settlement and dispute resolution
- Automated intraday, end-of-the-day, weekly and monthly account statements and reports
- Automatic account reconciliation on company ERP via integrated reporting
- Settlement services for all NIBSS products, including cards, merchant and related transactions
- Provision of daily settlement reports and chargeback information