header main logo header main logo

Collections through I-SurePay

 

Over the counter collection of deposits from users through cash/cheque/DD with validated credit in customer’s account and real-time reconciliation.



About i-SurePay

What is i-SurePay?

Branch-based over the counter collections with only validated credit in Bank account after due confirmation.

How does i-SurePay work?

  • Step 1: Deposit cash / Cheque at ICICI Bank Branch
  • Step 2: Attach Deposit Slip with unique client code
  • Step 3: Validation of client code
  • Step 4: Transaction successful
  • Step 5: Handling over of Acknowledgement Receipt
  • Step 6: Day end MIS to reconcile all the payments

What is the difference between regular cash/cheque/DD payments and i-SurePay?

i-SurePay helps in consolidating and reconciling payments against each payee

Is the solution available for large corporates?

Yes

FAQs

What are the modes of payments available?

Cash, Cheque, DD

Can i-SurePay be enabled without API Integration?

Yes. I-SurePay can be availed through offline validation mode. In this mode, customer shares one-time data to be uploaded in the bank system. Once the payment is initiated at the branch, validation is done basis this data shared, thereby ensuring easy reconciliation.

How to identify a transaction under this mode?

Account statement Narration as ‘I-SurePay / Reference Number'

Can you share an example of i-SurePay in action?

Industry: Education 

Problem: University not able to reconcile the payments of fees through cash and cheque 

Solution Offered: I-SurePay over-the-counter collection product

Benefits:

  • Client-validated credit through secure API integration with client server 
  • Reconciliation of payee name against the amount and quarter 
  • Daily EOD MIS shared over email