"Bank of Shanghai" creates a digital "eBill payment platform" to handle cash flow collection with one finger

Shape case introduction

The concept of ESG has profoundly impacted every industry. In response to this trend, companies have to solve environmental sustainability issues from their own perspectives. Technological development is the most intuitive solution and can bring benefits to the environment, society, corporate governance and other aspects. Digital payment can effectively reduce the waste of social resources and achieve the goals of reducing carbon, plastic and energy. The financial companies that provide related electronic payments are very diverse and use various products to provide banks with "websites" or "mobile applications software". In response to this trend, Pershing's financial services team has used its rich and professional information technology to assist Shanghai Commercial Bank in building an "eBill payment platform", which provides applicants (commissioned payment accounts) with the opportunity to enter account information through the website provided by the "eBill payment platform.” The payment tool (credit card) uses API technology to connect to the "e-Bill National Payment Network Platform", or uses API to connect to the "FOCAS (Credit Card Acquirer)" system which hosts and confirms with the business order and debit bank through the finance company. Make instant payments/donations based on the accuracy of customer and account information, improving convenience and timeliness. This service brings 24/7 cash flow payment service to Shanghai Commercial Bank, provides convenience and security, and meets customers' needs for bill payment through digital methods. It is not only well received by users, but also increases its handling fees and services as well as revenue, expanding its operational scale, and consolidating its position in the financial flow market.