Electronic payment

1.    Bill Payment – FinPay®  

Billing Payment services utilising Banking or Non-Banking electronic channel that simplify the billing payment
process; Ideal for manufacturing business or service & utility business who needs to receive payments from
customers, using Host to Host connection between Biller and Collecting Agents (Bank or non-Banking CA’s)
with realtime processing.

Benefits:

 Added-value services for customers, in giving the customer the ease and flexibilty in alternatives for
doing payments by providing many types of electronic payment channels that can be accessed any
time, in many places.
 Simplify the billing process and the collection prosess for the company.
 Reduce collection cost, and increase fund handling security.
 Increase Revenue Assurance by processing the payment real-time, through Bank to Bank on-line
money transferring.

Features:

 Host to Host: Direct connection between Biller’s Host (as the database for billing) with Collecting
Agent’s Host, to enable realtime on-line payment/ flagging process utilising our secure, reliable and
wide coverage network infrastructure.
 On-line Settlement: Direct settlement with the operational bank, without the need to carry out
reconcilliation process and manual fund transfer instructions. All process being done on-line,
automatically (automatic collection).
 Intergrated Bill Payment: Intergrate various billing statements from more than one biller into one
intergrated format. This will greatly help a company who has trouble managing many billings from
multiple sources each with their own payment period, as it reduce administration work and increase
budget control through a centralized bill processing.
 Collecting Agent Aggregator: Expand payment channels with minimmum Investment. You can
develop your own payment channel distribution into thousands of payment points in a very short time,
less investments, which has the ability to process payments from multiple Banks that joins Finnet’s
Collecting Agent Network. No need for the Billers to search for CA’s themselves, and bear the hassles
in one-to-one agreement with each Collecting Agents.
 Biller Aggregator (Consolidator): Expand your Bank’s Payment Point service capabilities with the
ability to perform payment to many biller through one-stop payment concept; without the hassle in one-
to-one agreement, doing exhaustive daily reconcilliation sessions with each biller, and running
settlements between each operational Banks. Maximize your Bank’s Customer base, and turn them into
profitable transaction based income.
 Bill Hosting: Increase your company’s billing system with the capability to receive payments through
on-line Banking channels, without the need to invest in the high-cost-high-maintenance real-time on-
line Host to Host system. Our Bill Hosting solution gives a small to medium company the ability to
enjoy electronic bill payment facillity through our payment channels, simply just by placing their
billing database in our secure Host.

2.    Finnet Delivery Channel

Providing Electronic Payment Channels to expand Bank’s Payment Channels, with our breakthrough Pay-per-
Transaction concept.

We can provide alternative channels such as:

  Automated Teller Machine (ATM),
 Electronic Data Capture (EDC),
 SMS Banking,
 Internet Payment.

We can provide alternative channels such as:

 Automated Teller Machine (ATM),

 Electronic Data Capture (EDC),
 SMS Banking,
 Internet Payment.

Benefits:

 To increase retail transactions by expanding the payment channels, without the need to invest on the
whole system, just only paying the transaction cost.
 No need to deal with daily operations (of the payment points).
 Potential revenue from other income, based on many Business Model arrangements between Finnet &
Banks
 Increase service and company image, especially for companies who want to strengthen it’s wide
coverage and wide presence images toward the customers.

Features:

 Finnet EDC: Low Investment for having payment capabilities through popular Electronic Data
Capture (EDC) machines,  without the need to buy and operate the machines yourself, which is
integrated with Finnet’s other electronic payment channels.
 Finnet ATM: Low cost ATM Sharing concept, to increase Bank’s services and image, ideal for
progressive Banks who thinks that having own ATM Network would be unnecessary and
uneconomical, and who wants to put more focus on it’s core competence as a Banking business.
 Finnet SMS Banking & Internet banking solution; safe, secure, complete; Bank can have
connections with many operators through one door, with low initial investments.

3.    Mobile Payment / Mobile Wallet

New kind of Payment services emerging in Indonesian market, using mobile (handphone) electronic wallet (e-
money) system. Companies have opportunity to join us as merchants, enabling sales through electronic wallet
system and broadening their market presence, while cellular operators will have opportunity to join our network
to become a wallet issuer to increase ARPU.

Benefits for Merchants

 Make retail transactions easier and more immediate, increase shopping experience excitement to the
customer, opportunity to come up with unique and fresh marketing & promotion ideas.
 Increase Revenue Assurance by processing the payment real-time, through Wallet to Wallet on-line
money transferring.
 Minimmum impelementation cost, no need to invest on infrastructure and applications, merchants
utilise ther service on pay-per-transaction basis.
  Greatly improve the distribution of payment points, enabling transaction at any time, any place,
immediately. And the market potential is still very strong in Indonesia, as mobile industri is still in the
rapid growing phase.
 Highly secured transaction.

Features:

 Purchase Payment: End-users can buy merchandises and pay non-cash with e-wallet, and the payment
is immediately transferred into merchant’s wallet account.
 Top Up Voucher: End-users (and Merchants also) can top-up Pre-paid cellular accounts, buy mobile
contents, and pay using wallet account. Users can also Top-up their own wallet account using Bank
channels or SMS Banking system.
 Cash In - Cash Out: Users can exchange their wallet account into cash or vice-versa in appointed
Cash-In/ Cash-Out Points. This feature will going to be a good business opportunities for Merchants.

4.    Interbank Payment Gateway (Switching Service)

Switching Services to Banks who need to develop a cost effective payment gateway system to enhance it’s
business.

Benefits:

 Increase the service value to the customer in-terms of ability to do interbank transfer from own Bank
channels.
 Minimmum infrastructure & operational cost compared to own investment and own operations.
 International standard infrastructure support.
 Open to safe and secure interconnection between any systems.