Collection Hub
Collection Hub
One stop omnichannel collection platform with real time transaction validations & instant notifications.
Collection Hub leverages cutting-edge technologies to identify remitter details for RTGS, NEFT, and IMPS payments, enabling precise cash flow segregation via virtual accounts while providing highly customizable, detailed MIS reports. It is engineered to address the dynamic business needs of industries such as NBFCs, broking, mutual funds, insurance, manufacturing, e-commerce, trading, utilities, travel, and more.
Key Features
- All modes of collection supported- NEFT, RTGS, IMPS and IFT
- Real-time settlement with flexibility to collect funds in single or multiple accounts
- Track collections trends 24*7 with an intuitive Dashboard & developer friendly APIs
- Ready to use API library which can be easily imported in all leading testing tools including Postman, for seamless ERP integrations
- Flexible virtual account structure to identify and track region / product wise collections
- Supports validation of remitter account number, transaction amount & date before accepting funds
- Business validations can be performed using either online (client-side API) or offline (data maintained with Bank) mode
- Get real-time credit notifications via call back APIs
- Channel agnostic approach to create or modify virtual accounts - using APIs, SFTP or Dashboard
- Design custom MIS using our user-friendly transaction report builder on Dashboard
- MIS can be delivered via email, SFTP and API at desired frequency
- Supports SMS, Email and WhatsApp notifications to remitter
Experience a smarter way to manage your collections with Federal Bank’s advanced Virtual Account Solution.
Contact Us
For enquiries, reach out to us at: cms.sales@federalbank.co.in
Or connect with your relationship manager.