BPAY for Billers

BPAY® for Billers, provides our Client's customers with a convenient and secure way to pay their bills and to create a more efficient collection service for our Client (referred as "biller"). Through BPAY® for Billers, our Client can offer its customers an alternate channel to make payments. For payments received via BPAY® for Billers, the proceeds of the payments will be deposited as cleared funds to our Client's accounts held with HSBC at the end of the business day. Every receipt via BPAY® for Billers carries a unique reference number which identify the payor and hence facilitates automated accounts receivable reconciliation.

Features and Benefits:

• A 24 hour bill payment facility
• Cleared funds with same-day value - no dishonour fees
• Validated payment information
• Preferred customer payment system
• Access individual payment data on your HSBC Bank Statement or consolidated within an RMS Collections Report