Bills collection is a solution that allows your customers to pay their bills to you through BPI’s collection channels, which include BPI BizLink (for corporate entities), BPI Online (for individuals), and BPI branches. Payments made are validated, posted, and reported for easy reconciliation.
Digital Collection and Payment Solutions
Providing your company with different digital channels that are secure and reliable.
Benefits
Streamlined collection
Makes collection simpler and more efficient by eliminating unnecessary steps.
More alternative collections options
Allows your customers to pay you through various channels.
Services
Bills collection
SWIFT FileAct
SWIFT FileAct is one of the most secure and reliable channels for transferring bulk payment instructions between corporates and financial institutions around the world.
Through SWIFT FileAct, you can streamline your bulk payments across local and global treasury departments for optimum security and operational efficiency. With FileAct, it is possible to send multiple/bulk instructions in SWIFT for:
a. Funds transfers
b. Third party payments
c. Check disbursements
d. Bill payments
e. Payroll
Automatic Debit Arrangement
The Automatic Debit Arrangement (ADA) allows you to automatically collect payments from your Customer's BPI account. Enrollment by the Customer to your defined ADA profile is required.
Frequently asked questions
What are the available channels for bills collection?
- BPI Online and BPI Mobile – for Individual payors
- BPI Bizlink – for Corporate payors
- BPI Branches – for Individual or Corporate payors. Cash or Checks accepted
Can I collect USD using bills collection?
Yes, bills collection accepts both Php and USD payments.
What is SWIFT FileAct?
SWIFT FileAct is a SWIFT connectivity channel that enables a secure, reliable, and efficient way for corporate and institutional customers to transfer bulk payment files, instructions and receipt of bulk reporting files over the SWIFT network.
How is SWIFT FileAct different from SWIFT FIN?
Compared to SWIFT FIN, FileAct utilizes ISO20022 standards that enable it to handle high volumes of data vs the traditional messaging formats utilized by FIN.
What products and services are available in FileAct?
a. Check disbursements
b. Pay bills
c. Pay BPI accounts
d. Pay employees
e. Transfer to own
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