Products
|
| ||
Union eipp (Electronic Invoice Presentment and Payment) is a secure online application that manages collections and disbursements between members of a private business community. It uses both the Internet and the Intranet technologies to process electronic payment instructions received from the Merchant’s Corporate Customers through a secure communication network. Users go through several levels of validation and only registered corporate entities will be able to log-on to the system. With this facility, the Merchant’s Corporate Customers will be able to view their outstanding payables online and initiate payments to the Merchant through online (electronic fund transfers) and/or offline (over-the-counter payments) mechanisms. Because UnionBank provides the infrastructure, the Merchant need not invest in web or EDI technology.
|