YES BANK has expanded the scope of customer service from execution to information facilitation, serving the core objective of optimum management of all operational, administrative and regulatory activities. We offer the following offerings for effective cash management
- Integration with client end systems ( ERP/Accounting packages/Any other legacy system) with bank’s system using Web services exposed by the Bank.
- API’s for standard banking services like Balance Enquiry, IFS code look up, Fund Transfer etc have been made available for use by corporate clients.
- The web services exposed also has provision for the client end systems check for the status of the transactions initiated so as to update into the host systems real time.
- API’s are available for Receivables as well. In such cases, the e-collect proposition is extended to include validation with client end data through web services exposed by the client and taking action according to pre set rules.
Benefits: High level of automation between both parties leading to seamless integration. Real-time payments (24*7*365 for IMPS) to Corporate customers hence enhancing the end customer experience.
This has been met with great success at e-com companies especially in processing their refund payments to customers or for providing cash out solutions from the customer’s captive wallet or for paying their suppliers from a nodal account held with the bank.
BUNCH NOTE ACCEPTOR (BNA)
- An ATM sized machine which can be used for cash deposition and cash withdrawal
- Ability to accept cash upto Rs 1 Cr a day
- Accept smaller denomination notes as well
- Work 24*7*365 and instant credit to corporate account
- Can identify fake/discrepant notes
- Auto-pickup of the file from the specified folder location from the client‘s server or YBL Server thus reducing scope of error and reduced manual intervention.
- Auto upload of the files in Corporate Net Banking and processing post automatic/manual authorization
- Response File regarding status of transaction will be shared on server.
- ERP supported Account Statement sent to the customer through email
- Secured Rel-ID Authorization
- Offers entire bouquet of transaction - Credit cards, Debit card, Net banking, etc., under single agreement and single integration kit.
- Offers a higher success rate (>90%) , International credit cards can be enabled for selective cases.
- Real-time transaction monitoring features
- Analytic tools with Graphics
- Online Invoice tracking for email invoicing
- Nodal account offering for e-Commerce companies as per RBI guidelines
- Simplified payment services to facilitate payments to be made to the merchants in line with the merchant agreements.
- Online access to account transactions enabling ease in reconciliation
‘YES TRANSACT – ON THE GO'
A unique digital working capital management solution that will enable decision makers to view and approve transaction requests even when they are travelling or are out of office. It is an app that can be downloaded by corporate users on a device of their choice.
The app binds itself closely with the device chosen and securely transmits information to the bank using military grade security paraphernalia.
Features of this app are as under: -
- Comprehensive Real time Account Balances
- Onscreen transaction processing
- File uploads with a provision to attach a scanned copy of the request letter alongside
- Ability to configure Maker- Checker facility; Checkers have the option to access the app through mobile devices as well (Tab/Mobile Phone..)
- OTP to the registered mobile number of authorizers as an added security feature
- Scan Banking – Ability to scan documents (requests) to the bank in a secured manner
A customized online receivables solution which enables customers to receive real-time online credit vide RTGS/NEFT/IMPS channels.
- Creates Virtual Account Numbers on a real-time basis which is associated with individual payers that can be easily remembered. This eliminates the need to know the corporate customer’s bank account numbers.
- Enables data validation on the remitter database basis business rules shared by the customer. This further facilitates simplification and ease of reconciliation.
- Provides intra-day MIS in a customizable format along with SMS/ Email notification and remitter validation.
Impact & Benefits
- Generation of personalized alphanumeric virtual accounts which are easier to remember and can be customized as per client requirements in including unique reference numbers/ mobile numbers etc.
- Plug and play solution for fast customer on-boarding and generation of Virtual Account Numbers as per business requirements.
- Integrates YES Bank and client systems to enable real-time validation, transaction processing and ERP updation.
- Multiple parameters such as date/ remitter account number/ transaction amount can be used to validate transaction information.
- Instant reconciliation in client systems against outstanding credits.
- Highly flexible solution which allows corporate to choose the validation parameters such as remitter name and account number, transaction value, date and credit account number. The facility has upto 4 levels of validations which allow multiple use cases to be built.
- Facilitates auto-credit into multiple accounts basis a single client code thereby simplifying account monitoring.
- Provision of structured and flexibility in multiple formats and frequencies for seamless monitoring & review of outstanding payments.
YES TAG is first of its kind smart social banking application that allows banking transactions seamlessly on Twitter, Face book Messenger, We Chat, Telegram and Skype. Now customers can check their balance, mini statement, fixed deposit details, cheque status and much more through messaging apps. Customers can also send money to registered beneficiaries from either of these messaging apps.
- Instant Funds transfer anywhere, anytime at No Cost
- Transfer funds to registered beneficiaries
- Fund transfer transactions are secure with a 6 digit pass code
Check account balance, last 5 transactions, Fixed Deposit details, cheque status, request for cheque book and stop cheque payment
YES PAY is YES BANK’s Digital Wallet enabling Social Media & smart phone users to register seamlessly and then spend wisely. Any person with a valid Indian Mobile Number can register for YES PAY by downloading the Application via Google Playstore or Apple App store. The maximum permitted balance in wallet is INR 10,000.
You can load money into the wallet using –
- YES BANK Account – Existing YES BANK customer can load using their YES BANK Account by entering their CustID
- Payment Gateway – You can use any Bank Debit Card or NetBanking
- IMPS – You can load money using IMPS as well
Key Features of YES PAY -
- Send, receive, request and settle transactions within group of friends
- Mobile/DTH Recharge and Utility Bill Payments
- Buy gifts, discounted vouchers, handset insurance, music downloads etc.
- E-commerce transactions and payments at retail outlets
UPI Based Solutions
- Simple integration with merchant mobile apps for seamless payments
- Both peer-to-peer (P2P) and merchant payments supported through YES BANK’s Software Development kit (SDK)
- Cost effective in comparison with card and wallet transactions
- Simple and flexible APIs allowing startups to freely innovate as per requirement
- Web based dashboard panel for real time Management Information System (MIS) and settlement reports