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Payments

Fusion Cash Management (FCM) Payment Management enables clients of the bank to effectively handle payments and ensure efficient and optimal use of available funds.

Clients can use FCM as a one-stop solution to manage all electronic payment needs such as:

•       Own Account Transfers

•       Wires

•       Domestic and foreign currency wires

•       SWIFT-based wires

•       Bill payments

•       Support for multiple channels such as Manual Entry, File Upload, Transaction Templates, and Recurring Transactions.

•       Reconciliation of payables.

FCM allows you to initiate single payments or bulk payments (batch of payment). You can create payments for accounts held by the same corporation or transfer funds to receivers having accounts in other banks at same or other locations. Additionally, FCM supports various payment modes such as Automated Clearing House (ACH), Account Transfers, Wire Transfers, Physical (cash and cheaque) and International transfers.

The general steps involved in creating a payment transaction in FCM are:

This section provides information about:

Getting started with payments

Setting up payments

Additional actions on setups

Working with payments

Working with check management

Working with Positive Pay