Product Overview
RS BillAbhi-Central
Delivering unique value to the bill payment ecosystem
An Inclusive and Innovative Solution
The uniqueness of this bill payment solution lies in its federated hub-and-spoke architecture where the governance is administered by the central infrastructure (RS BillAbhi-Central) and billers and consumers are serviced through Operating Units (RS BillAbhi-Bank). This hub-and-spoke arrangement enables interoperability between different financial institutions and service providers that act as the spoke controlled by the central hub.
Specifications
Value Added Services
Seamless Onboarding
Self or assisted on-boarding and access management via state-of-the-art web portal.
Easy management
Configuration of application parameters and business rule management.
Technical Expertise
Supports on-demand Bill Fetch by Consumer’s Bank (DFI), and Bill Fetch message processing by Biller’s Bank (CFI), besides standard Bill Presentment from Biller’s Bank (CFI) to Consumer’s Bank (DFI).
Message standards
Supports EIPP based message framework and ISO 20022 messages.
RS Billabhi product suite create a unique and differentiated experience for Billers and Consumers for the entire bill presentment and payment lifecycle.
Serving Biller’s inherent business needs to attract more Billers and increase the market share
Enriching experience to increase the adoption with Consumers helps to attract Banks to grow the network
Complaint Management System for Billers, Customers, CFIs and DFIs to register, route and track complaints enables effective customer relationship management
Centralised Warehousing of mandate requests for storage and retrieval
Reconciliation between bill presentment and payment for efficient account and invoice management.
