Meezan Bank’s eBiz+ (Payments & Cash Management Solution) is a scalable, automated platform optimized for organizations that consider secure and timely execution of their collections & payments a critical component of their business.Through eBiz+ Meezan Bank will enable its esteemed clientele to centralize their Collections & Payments efficiently while increasing visibility and control over their cash flows. Equipped with the most comprehensive array of service offerings, our system can manage the needs of businesses of all sizes while being modular in design for the greatest possible flexibility.
In today’s competitive business environment management of a company’s working capital has become crucial as it helps in increasing liquidity while keeping costs low. Keeping this in mind Meezan Bank has engineered its comprehensive and fully optimized payments platform that minimizes costs and improves straight-through processing. Leveraging our comprehensive system you can make use of a wide assortment of payment methods both electronic and paper based.
With our advanced payment platform you can initiate transactions in singular or bulk form as well as gain host-to-host connectivity with your Enterprise Resource Planning (ERP)systems. Complementing the payments module we provide you accessreal–time account information. This will aid you in maintaining a clear view of your organization's day-to-day cash positions, enabling you to make better use of your surplus balances.
Replicate your company's signing authorities on our online environment by defining user permissions. Customizable as per the specific needs of your business.Gain increased control over your financial transactions through the ability to require multiple signing officers to approve electronic transactions.
eBiz+ portal can be used to transfer funds across any Meezan Bank Account across Pakistan on real time basis with straight through processing.
Utility bills and tax related payment module is a recent addition in Meezan eBiz+ Application. Through this module customers will be able to manage their utility bills and tax related payments online 24/7 (within due dates only).
Meezan Bank’s system is connected with 1link billing system for real time fetching of billing data to manage your payments smoothly and efficiently. Bills for utility companies available on the 1link can be paid online using Meezan eBiz+, subject to availability of the data of respective bill and that the bills are within due dates only. Meezan eBiz+ Application has provision to accommodate both single and bulk utility payments.
eBiz+ Cheque (Pay Order) single or bulk issuance request can also be initiated using our eBiz+ module. The PO issuance request will land electronically at our designated CM processing center. The Payments & Cash Management team from there will issue the PO and will dispatch/deliver them as per customer instructions.
Using our payment portal customers can request for issuance of Corporate Cheques single or bulk. Our designated CM processing Center will print the cheques with or without customer’s digital signatures as per the customer’s requirement and will be dispatched to the respective address based on the instructions provided.
IBFT will enable customers to transfer funds instantly between banks without any hassle via our payment platform. This service allows customers to transfer funds from their account to any of the millions of accounts of other 1Link member banks across the country.
The Payments & Cash Management System has a module which allows you to send RTGS requests as well. All such requests will land electronically at our central CM Operations system for onward processing.
Meezan Bank’s Platform uses the highest level of security available in the market. All communications between your browser and the payment portal are fully encrypted using 256-bit SSL encryption on payment execution. It is optimized with a multi-factor authentication process for a more secured and fail safe transaction
Collections are critical to your business cycle. When it comes to receivables a company needs to provide as many avenues to its customers as possible. You need the ability to accept payments through multiple payment modes.Meezan Bank delivers the right array of collection services designed to meet the evolving needs of today's most complex organizations.
Meezan Bank Collection Services will aid in reducing your overall collection costs and maximize your working capital. Complementing the collections solution, we provide our customers with a transaction information portal from where you can access transactional information real-time from anywhere, at anytime. No matter what the business model our collections services can provide you assistance as you take your business to new levels of effectiveness, efficiency and profitability.
Our dedicated team will enable you to:
CDS is a convenient way for the Corporate or Commercial Entity of going about their collection endeavor. Used by Companies which have a decentralized control over their warehouses due to the remoteness of their locations. Leveraging Meezan Bank’s wide branch network dealers can deposits payments into the company account from any Meezan Bank branch.
This specific instrument is given to the distributors against their performed transactions. This securitized paper is a non-negotiable instrument which is proof that the Company account has been credited. The proposed product works in the interest of both the parties, providing the dealers the same benefits as a Pay Order while eliminating the ‘Transit Time’ for the customer whilst mitigating the risk of fraudulent activities.
Designed to create a single, convenient and efficient way of collections. This specific collection module concentrates all control in the hands of the customer. SIDA offers its customers increased control over cash flow while reducing the operational costs. SIDA can optimize the process of collecting payment obligations for non-micro enterprises.
Designed to cater the need of large companies which are centrally controlled and have a few large dealers handling their distribution. This dealer-initiated collection module allows stake holders of the customer to directly transfer funds to the company’s account by leveraging the power of the internet using our eBiz+ subsidiary portal access capability. The module significantly reduces the processing time of the transaction and maximizes your cash flow by immediately crediting your central account.
Meezan Bank’s Information Reporting Platform provides users with an unprecedented level of visibility across all collections and disbursement activities. The reporting module hosts an array of specialized reports which can be customized as per the requirement of each client aiding you in managing and processing the financial information better. Leveraging an embedded reports engine, the module supports real-time access to transactional information and accountbalances. Apart from the MIS Reporting Capability the platform also houses a module whereby the cus-tomer can access the companies Account Statements, which can be downloaded into multiple formats
Based on the company instructions the surplus balance from your operating account is automatically swept into a savings account overnight. Funds are then transferred back and forth as per customer requirement.
Transaction updates is an intra-day service which keeps you posted to the various debit and credit entries as they happen in your account at any given time of the day. With Interim Transaction Report you can stay on top of your cash position.
If you are an entity which keeps a constant watch on their cash flows then our alert engine is just what you need. Our alert service engine enables you to keep yourself updated of the incoming transactions down to the very second. Through this service you can proactively monitor your accounts and get instant updates wherever you are via both email and/or SMS. The alerts are modular and can be customized depending on the information you require to be present in it.
Helpful Downloads : eBiz+ Brochure
Below is the list of facilities available on Meezan eBiz+:
If you have any query(s) which is/are not covered here please email us at [email protected].
Meezan eBiz+ with its multi layered security architecture provides you with a safe and secure environment for carrying out your daily business transactions. The following security features ensure that only authorized users have access to their accounts:
Encryption allows information to travel between you and Meezan Bank in a secure environment that cannot be read by anyone else. It is a way of 'scrambling' information to make it impossible to read unless the recipient has the ability to 'un-scramble' it.
The strength of encryption can be measured by the number of 'bits' used in the 'scrambling' process. The latest web browsers use 256-bit encryption: the most secure form currently available. Meezan eBiz+ can only be accessed using 256-bit encryption.
Access to your company’s account details are controlled via the login process. It is therefore essential that you do not divulge or write down your username or password or share the token device. Take great care when logging in. You must change your password in case of suspicion or you can contact us at [email protected] (Queries will be solved during bank hours) if you suspect someone has seen your username or password.
In case your email address has been hacked, please contact the following numbers immediately and get the Meezan eBiz+ service blocked as all correspondence is delivered via email.
Meezan Bank will never send emails that ask for confidential information. If you receive an email requesting your Meezan eBiz+ security details, you should not respond. These are not genuine emails. If you receive such an email, please do not click on any link or provide any Internet Banking log on details.
While we may send you emails from time to time, we will never send emails inquiring about your Internet banking information. Please forward it to us at [email protected].
For optimal use and best performance, we recommend the following computer system and software settings:
