Bill Payment System is a
solution for the automation of bill payments.
solution consist of specialized, ATM like, terminals
with CubeIQ's Bill Payment Application CBPA™, fast document scanner, bar-code reader OCR reader
and a bank note acceptor and validation device.
terminals can be configured to work on-line to
CubeIQ's Transaction Processing Server, or
on-line to Bank’s host system or stand-alone
with file transfer.
In addition to a
typical bill payment system, the strong OCR
(optical character recognition), ICR (intelligent
character recognition) and IWR (intelligent word
capabilities of the terminal’s software application
give the ability to the system to process also documents in non-standard format, like pro-forma
invoices or invoices as long as the beneficiary party
has printed on the document his IBAN.
The terminals are
installed at branch level, where the Bank’s customers
access the system using their ATM card.