Our robust and secure electronic collection solution enables you receive payments from your customers/ vendors/ contractors in any of our branches/ other bank branches while you monitor payment online real-time at a single location. The Platform is customized to meet your information needs. ActivCollect will answer the following questions about each transaction - who paid?, who received the payment?, what amount was paid?, what was paid for?, when was it paid?, how was it paid?, where was it paid?, other required details?
§ Consolidate view of collection made in our branches nationwide.
§ Reduce cost of having several outlets.
§ Better management of your business process.
§ Reduce the reconciliation challenges associated with manual reconciliation.
This is an online self-service solution that allows authorized personnel within your firm to process bulk or single transactions to beneficiaries. The web application provides an efficient and secure platform to effectively initiate and conclude payments (Direct Credit) irrespective of the beneficiaries’ Bank account domiciliation.
§ Convenience in processing transaction.
§ Prompt payment of transactions.
§ Allows corporate control over Payment activities.
3) Direct Debit Solution:
This solution allows organizations initiate recurring direct debit payment instructions (either fixed or variable) to the account of their subscribers for products or services rendered to those subscribers and the instructions are authorized by the subscriber’s bank.
§ Better cash flow management.
§ Higher likelihood of receiving payments for its services as at when due.
§ Provides visibility of unpaid payments .The information can be used proactively by the organization to trigger a debt recovery process.
§ Provide opportunity to leverage other collection channels (ATMs, Web, POS , bank branch) using the same solution
§ Provides relevant business intelligence information
4) Payroll Solutions:
This solution avails your company with the capability to administer your Human Resource (HR) and Payroll functions. It possesses all the features of standard HR and Payroll application. The solution helps corporates reduce the hassles associated with delays in salary processing and reduces to the barest minimum the turn-around-time for processing salaries. The modules in our payroll application includes but is not limited to the following;
§ Salary and Pension Administration
§ Leave Management
§ Performance Management.
§ Training Management
§ Simplifies Salary Administration
§ Effective control and management of the business process
§ Cost savings through reduced payroll man-hours requirement
§ Increase productivity and enhanced management decision making process
§ Cost Savings derivable from stationary and HR costs
§ Prompt payment of employee’s salaries
5) Biometric Solutions:
The proposed solution empowers you with tools to uniquely identify employees/ pensioners and verify (confirm) such identities anytime on demand or at point of service all over a given location through the use of automatic fingerprint identification system (AFIS) technology. It will also deliver the following major benefits;
§ Improved Government data, statistics and demographic details on Workers.
§ Eliminate the incidence of ghost workers.
§ Basis for effective management of Salaries & Wages payment system.
§ Basis for efficient Human Resource Management.
§ Cost savings from elimination of ghost workers.
§ Offline and Online Verification of Identities at point of Service
§ Increased productivity
§ Elimination of Fraud in the Payment System.
6) Franchise Collection:
We provide various collection solutions to franchise owners. Keystone Bank is designated under the Accelerated Generated Revenue Program (AGRP) for the collection of various taxes (Company Income Tax, Education Tax, Withholding Tax, Value Added Tax, Capital Gain Tax, International Tax and others) on behalf of the Federal Government. We also have the mandate to collect State taxes (BIR) on behalf of states like Lagos, Rivers, Ogun, Oyo amongst others.
Our involvement in Franchise business transcends revenue collection as we are also involved in various bill payment schemes, schools collection schemes, etc. These services include the following:
§ Prompt processing of all payments on your behalf and obtaining receipt from the Tax Offices within seven (7) working days
§ Prompt processing and delivery of Withholding Tax Credit Notes within ten (10) working days
§ We would assist you to process and collect your outstanding Credit Notes immediately they are available at the tax Office
§ Prompt processing and remittance of all payments made