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Automatic Identification of Incoming Payments is a solution addressed to companies that accept a lot of payments from their counterparties. Thanks to AIPP, each payment goes to an individual, virtual account, assigned to a specific payer. The service allows you to quickly identify the sender and thus improve billing.
How AIPP works
You get an identifier on the basis of which we create virtual accounts.
For each of your payers, you generate an individual account number in NRB format. This number contains your ID and a unique payer number.
The payer makes payments to the account they receive from you. This can be done by bank transfe or cash.
All payments made to virtual accounts are credited to your technical account, intended for AIPP service.
Money from the technical account is transferred collectively to your current account once a day (or in other selected cycles).
You receive reports in electronic form, in a format compatible with your financial and accounting system.