bank connect2.0 - index...business and team spend. bank connect2.0 offers three types of cards: •...

Bank Connect2.0 - Index

2

Title Slide No.

Introduction 3

Getting started 5

Dashboard 11

Collect payments 13

Send payments 30

Cards – Expense management 39

Banking – Account overview 53

Finance 57

Integration & plugin 67

Offers 74

Subscription Plan 77

Service Architecture 79

PG transaction pricing 81

Introduction

3

Open Bank Connect2.0 - Introduction

Open Bank Connect platform offers:-

• Simplified bank statement reconciliation for all the bank accounts with

“Multiple Bank Connect”

• Easy & swift collection from payers with INSTANT MID for collections

• Bulk payment for multiple vendor payment & salary transfer

• Connecting Business through Hub: Connect with supplier or buyer to

promote your business

• Tally plug-in for payment & collection

• Manage your business expenses through prepaid or virtual card

• Single click book keeping, hence simplified accounting

4

5

Do Tired of lengthy KYC process on

Bank Connect 2.0???

Bank Connect 2.0 is live with new KYC flow

that requires very minimal KYC

documentation. Now customer has to upload

couple of documents as per their constitution to

complete their KYC….

www.Bank Connect2.0.co

Getting Started

Please follow below steps to register on

Bank Connect2.0:

1. Head over to website www.Bank

Connect2.0.co and click on the ‘Get

Started’ button.

2. Customer to fill up all the details as

asked in the form and hit ‘SIGN UP’.

6

http://www.bankonnect.co/

Getting Started

3. Customer to verify his mobile number

by adding OTP received on mobile.

7

Getting Started

8

If customer is an individual or self-proprietorship, then

customer to fill details of own PAN, basic details as

asked in screen and press continue.

If customer is a LLP or Private Limited firm, then

details of business such as Business PAN, CIN and

basic details about company needs to be filled. On

completion of form continue to be pressed.

Getting Started

9

The screen will confirm registration and will display two

options:

1. To Complete KYC or,

2. To directly go to Bank Connect2.0 dashboard.

If Customer chooses to ‘FINISH MY KYC’ then he will be

directed to a screen where he can complete his KYC by

uploading relevant documents.

Getting Started

10

Here, if customer wants to activate the ‘Online Payment Gateway’ or ‘Get Your Card’ or other

exciting features of Bank Connect2.0, he would be prompted to finish the KYC.

Dashboard

11

Bank Connect2.0 - Dashboard

• Dashboard gives

an overview of his

account

• Customer can

check cash flow in

his account in last

15 days

• Five recent payout

and collect request

can be seen on

dashboard

• Dashboard also

allows customer to

check balance in

his virtual account

12

Collect Payment

13

Collect payments

Collect payments is divided into three tabs

• All Transactions – This tab contains all the collect transactions which are initiated.

• Invoice - User can view and review all the invoices which are generated till date. Here user can see

the status of the invoices and even create new GST ready invoices.

• Quick collect – This functionality is meant for the user to easily collect. User can create payment links

and share it with his customer, where they can make the payment easily through multiple payment

modes.

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Collect payments

• It gives an overview of the payment

received, outstanding amount &

DSO against each customer.

• Daily sales outstanding (DSO) is a

measure of the average number of

days taken by a company to collect

payments, once a sale has been

made.

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Collect payments

Below is description of legends

marked in collection page:

1. The customer for whom the

invoice or quick collect is

generated.

2. The sum of all the value of quick

collect of invoice raised against

the customer.

3. The total amount received till

date.

4. The total outstanding amount

which is not received till date.

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1 2 3 4

Collect payments – Raising Invoice

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Easily create GST ready invoices using the CREATE INVOICE button

Collect payments – Raising invoice


marked in Invoice page:

1. Enable this toggle to add the

payment terms to invoice. The

payment terms can be due on

receipt, pay within 30 days etc.

2. Enable this toggle to add any

specif ic notes or instruction to

the client.

3. Enable this option to accept the

online transactions through

credit card, debit card or net

banking.

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1

2

3

Collect payments – Raising invoice

1. Enter the customer name

2 . Click on the + Add<customer

name>

Once it is done a popup will appear

where the customer details can

be entered

Note:

If customer is already added, the

name will automatically be

fetched. User can click on the

name to proceed further.

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Collect payments – Adding Contact

• Display Name – The unique nickname for the user. This

should be unique for all contacts

• Contact Name – The name of the customer

• Mobile number – Contact details of the customer

• Emai l – Email ID of the customer

• Bil l ing Address – Billing Address of the customer

• P incode – The location pincode, once it’s entered, the

city and state will auto populate

• If the billing address and shipping address is not same,

uncheck the checkbox to enter the shipping address

• Click on S AV E after entering all the details.

• The customer added will be populated in invoice & get saved

in contacts

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Collect payments – Raising Invoice

• Add a description for the invoice

• Enter the product name and then

click on +Add <Product Name>

Note:

If user has already added the product , it

will automatical ly be fetched. user can

just click on the name to add in invoice.

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Collect payments – Adding description in invoice

Type– Select if the item is a product or service

I tem Name – The name of the Item

Unit – Select the unit of item Quantity

HSN or SAC code– Enter the HSN code of product or

SAC for service

Select Tax– Enter the GST tax for the item

Note - Only “Select Type” and “Item Name” fields are

mandatory others are optional.

Once description details is saved, it will get populated in

invoice and saved for further use

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Payments – Collect payments – Invoice

• If the user wants to add an

addi t ional i tem row he can click on

+ A D D Item to do so

• User also can change the invoice

number if he want to do so.

• Once it’s done, the user can ”Save

and Send” the invoice immediately

or “Save” the invoice for later use and

even Preview the invoice.

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Collect payment – Quick Collect

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Quick collect can be used to collect the payment by sending just the payment link.

Collect payments – Quick collect


marked in Quick Collect page:

1. Enable this toggle to send quick

collect in recurring intervals.

2. Enable this toggle if user is

sending quick collect against any

invoice he generated. It will be

helpful in reconciling.

3. Enable this option to add a

description to your quick collect.

4. Enable this toggle to collect

international payments.25

1

2

3

4

Collect payments – Quick collect

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• After filling all the fields just click on the “Submit Request”.

• Upon submission customer will receive an email & SMS with payment link attached,

Where customer can make the payment through multiple options

Collection - How to pay

27

• The customer will receive an email

with the invoice attached and

payment link.

• On choosing to make payment

now, he can pay using multiple

options like credit card, debit card,

UPI or NEFT/RTGS/IMPS

Collection – How to Pay

28

There are multiple options to make a

payment:

• Cards – The client can pay using their

credit card and debit card.

• Net banking – Bank Connect2.0 supports

almost all Indian banks with net banking

feature.

• NEFT/RTGS/IMPS – Platform supports RTGS,

IMPS & NEFT for collection

• UPI– Bank Connect2.0 supports UPI for

collection

Collection – Charges

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Collection Charges

S.No. Instrument Amount(INR) Charge

1 Credit Card 1.85%

2 Debit Cardless than 2k Nil

more than 2k 0.90%

3 Netbanking 1.65%

4 UPI Nil

5 NEFT/RTGS Rs 1

6 IMPS Rs. 1

7 International Cards 2.90%

8 Cash 25

Send Payments

30

Send payments

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Send payments is divided into four tabs:

• All Transactions – This tab contains all the payments which are initiated.

• Single payment - Users can view and initiate individual transactions from here.

• Bulk payment – Users can initiate bulk payments from this tab by uploading a

excel sheet to the Bank Connect2.0.

• Payment Request: this tab is to be used in case of reimbursement payment

Send payment – All Transactions

32


marked in Send Payments page:

1. The customer against whom

the bills or single payment is

generated

2. The total amount outstanding

to the vendor

3. The last paid date

4. The Total paid amount.

1 2 3 4

Send payment–Single payment

33


marked in Single Payment page:

1. The account from which the

transfer must be initiated

2. The vendor details – Just type in

details then + Add <vendor

name> will appear where the

beneficiary account number can

be provided

3. Mode of payment

4. The amount to be paid. Balance

available in A/C is shown against

the tab for user convenience.

1 2

3 4

Send payment–Single payments

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• Once all the details is filled just click on the ”NEXT” button

• On the next screen enter the OTP to initiate the transaction.

Send payment–Bulk payment

Here users can send bulk payouts using a simple excel file capturing payment details.

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Bulk payment template can be s imply download from platform using the button shown above.

Enter the following details in Excel sheet

• Beneficiary Name

• Beneficiary Account Number

• IFSC Code

• Amount

• Description (Optional)

Once details are captured file is to

upload on Bank Connect2.0


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• Select the account from

which the amount is to be

debited and click on

submit.

• The screen will appear to

enter OTP to initiate

transaction.

• Once the transaction is done

users can download the

detailed report of the bulk

payment.

Cards

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Cards - Introduction

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Using Bank Connect2.0 Business cards users can easily streamline their

business and team spend.

Bank Connect2.0 offers three types of cards:

• Founders card – This is a credit card which the can be used for the business and

managing all your subscriptions.

• Virtual Cards – Virtual cards can be issued to employees to manage individual

subscriptions for daily business activities like adwords, AWS etc.

• Expense cards – This is prepaid card which can be issued to the employees. The cards can

be used by employees for their expenses incurred for work related activities.

Cards: Type of Cards

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The cards tab will allow the user to order card by clicking on Order Now.

Cards: How to Apply

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• User can select number of he requires

• Address for delivery to be filled by user

• Each card will cost Rs. 199

• purchase can be made using credit card,

debit card or net-banking

• Once order is received, cards will be

dispatched to the address provided.

Cards – Team Management

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• To activate cards of employees,

user must be add then in Bank

Connect2.0 as a team member.

• Click on the profile icon & select

team from the dropdown.

Click on the + Tab to add a new employee within your team for prepaid card issuance


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• Enter the details of the employees and

invite them to Bank Connect2.0.

• Upon submission of form by manager,

employee will receive a invitation mail to

create his profile on Bank Connect2.0


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1. Admin – Admin has all the privileges as the

primary owner of the account where he can

manage all the transactions and approve

requests

2. Employee – Employee has basic access

where he can view his transactions and

apply for reimbursements

3. Manager – Manager is employee with

added rights. He can view his and his

teammates expenses. He can also approve

transactions of his team.

4. Seller- Seller will be the one who will be

having the access to Bank Connect2.0

Marketplace and he will be able to manage

the orders and products.


Bank Connect2.0 provides various access levels for the employees to

manage user ’s business.

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• Employee logins to Bank Connect2.0 using invitation link shared by manager.

• Employee to activate the card & kit received from manager by logging in

platform.

Cards – Employee card activation

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Employee to fill the details of the card

and upload few personal documents to

activate the card.

Cards – Employee card activation

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• All issued cards and balances can be

viewed in the cards section by admin.

• Admin can load the cards from here

directly.

• To add balance to the account click

on the + button.

• Admin can see transactions on

each employee card for better

control.

Cards – load expense card

49

• Admin can load the card,

withdraw extra balance

and even deactivate the

card.

• Admin can view all the

transactions done on the

card.

Cards – Load expense card

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• Bank Connect2.0 cards can be swiped on

any Visa or Mastercard accepting

institution.

• Expense card can be used for online

transactions

• Cash can be withdrawn from ATM using

cards.

• On processing of transaction Bank

Connect2.0 send message to user.

• User can reply to message with the photo

of the receipt.

• The receipt will be automatically uploaded

against the transaction which can be

checked by manger/admin.

Cards – Expense Card usage

51

• Employees can see all the

transactions they have

done under Expense tab.

• For any cash expense,

they can click on “+Add

Expenses” and add the

details.

• For Submitt ing the

transactions for approval,

employees to select the

transactions to be

submitted & click on submit.

• Manager gets a notification

for all new expences

pending for his approval

Cards – Expense Card management

52

Banking – Account

overview

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Banking tab allows users to connect and manage their ICICI & Non-

ICICI bank accounts.

ICICI Bank A/C – Upon registration of Connected Banking in CIB, user’s account

can be managed from this tab.

Users can initiate transactions; view statements & balance with real time

syncing.

Non-ICICI Bank Accounts – Customer can connect them to Bank Connect2.0 to

view statements only.

Banking - Introduction

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Banking - ICICI Bank Account statement

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To link additional ICICI Bank account

click on “Connect Now”, & enter the

details required.

To link a other bank account click on “connect now” select the account to be

linked. Then enter the net-banking credentials to connect the account.

Banking – Other bank accounts statement

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Finance

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• Expenses – Allows to manage all the employee

expenses

• Account Receivables – helps manage all the

receivables of the business

• Account Payables – To manage all the payables of

the business

• Accounting Reports – All the reports including cash

flow, P&L, balance sheet, etc can be checked here

• Accounting transactions – It captures all transactions

done from platform. Users can categorise the

transactions and even reconcile them from here.

• Chart of Accounts – From chart of accounts users can

customise the accounting heads according to his

needs

Finance – Introduction

Finance hub is equipped with accounting tool which can automate

entire business finance

58

• In To be submitted all the transactions done by the card users are shown.

• In Under Review the expenses filled by all your teammates reporting to you

will be shown. To view all the expenses filled by the teammates just click on

the respective cards.

Finance – Expenses

59

Account receivables helps in managing all

business receivables and is divided into multiple

sections.

All – It lists all the transactions with their current

status

Estimates – Here users can create estimates

and share it with their customers.

Invoice – Once the customer agrees to estimate,

user can convert the same to an invoice. All the

invoices raised till date with their status can also

be viewed here.

Customer – it allows a customer level view of all

invoice raised. It’s helpful to identify most

potential customers.

Finance – Account Receivables

60

• Here all the

transactions which are

not reconciled can be

viewed.

• Users can easily

select and match the

invoices against the

transactions and

reconcile them.

Finance – Account Receivables Reconciliation

61

In Account payables users can manage

their payables easily and can initiate

payouts.

All – All the payments till date with the

status can be viewed here

Bills – Here users can create bills for their

customers

Vendor – Here every transaction against

individual vendors can be viewed

Receipt – Here users can create the

receipts and share with the customers

Debit Notes – Users can create debit notes

easily from this section

Finance – Account Payable

62

• Here all the

transactions which are

not reconciled can be

viewed.

• Users can easily select

and match the bills

against the

transactions and

reconcile them.

Finance – Account Payables Reconciliation

63

All the transactions can be viewed here. The uncategorized transactions can be added

to accounting from here.

Finance – Accounting Transactions

64

For the uncategorized transactions user to click on ‘Mark Category’ and select

appropriate category.

Finance – Accounting Transactions

65

Under ‘Chart of Account’ all accounting heads can be viewed.

Finance – Charts

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Integration

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• Hub is market place within Bank Connect2.0 allowing its users to communicate, promote, sell & purchase

their goods with ease

• Payment gateway integration within Bank Connect2.0 offers its users sandbox environment to test their

gateway API

• Payment gateway through BanKonect offers two types of integration:

• Layer

• Redirect checkout

Integration – Introduction

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• Tally plugin helps in syncing

the payout data in Tally to Bank

Connect2.0.

• Customer can initiate the Tally

payables directly from the

Bank Connect2.0 dashboard.

• Plugin can be downloaded by

clicking on ‘Download button’.

Integration – Tally Plugin

69

• Hub is a market place within

with-in platform.

• Hub allows user to interact with

other Bank Connect2.0 users

• A user can host & promote his

product catalogue for other

platform users to see and place

orders

• Users can also place order for

services or products hosted by

other users.

Integration – HUB Market place

70

• Platform allows customer to integrate PG and start accepting payments.

• User will be contacted by technical team of partner for taking initial details once

he clicks on Activate Payment Gateway.

Integration – Payment Gateway

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Integration – PG Sandbox

72

• Sandbox environment allows user to create API key, API secret, & capture details

like Webhook & redirect URL

• Live testing of PG API is also available on the platform

Integration – PG Testing Environment

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• Bank Connect2.0 PG can be integrated in two forms:

• Redirect Checkout

• Layer

• Testing environment allows customer to see how tags respond to change in data.

• User also can see response in Node, Ruby, JavaScript & Python language

Offers

74

• Bank Connect2.0 circle is the reward program from Bank Connect2.0,

where customer can explore offers which make perfect sense for a

business.

Offers – Circle

75

Bank Connect2.0 Reward allows customer access to ICICI Bank nearby page where

customers can look for offers from host of categories like dinning, shopping, travel, auto

care, entertainment and many more in their area.

Offers –Reward

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For Info on subscription Plan

visit:www.bankonnect.co

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Payment gateway

transaction Charge

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PG transaction pricing

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Industry Payment Mode Type ICICI Bank Customers

Retail Credit Card Master/Visa 1.80%

Retail Credit Card Amex/JCB/Diners 2.70%

Retail Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

Retail Netbanking All Banks 1.55%

Retail Wallet Wallet 2.15%

Education – Govt Credit Card Master/Visa 0.90%

Education – Govt Credit Card Amex/JCB/Diners 1.65%

Education – Govt Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

Education – Govt Netbanking All Banks Rs 13

Education – Govt Wallet Wallet 2.15%

Travel Credit Card Master/Visa 1.85%

Travel Credit Card Amex/JCB/Diners 2.70%

Travel Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

Travel Netbanking All Banks 1.55%

Travel Wallet Wallet 2.15%

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Insurance Credit Card Master/Visa 1.15%

Insurance Credit Card Amex/JCB/Diners 1.05%

Insurance Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

Insurance Netbanking All Banks Rs 14

Insurance Wallet Wallet 2.15%

B2B Credit Card Master/Visa 1.85%

B2B Credit Card Amex/JCB/Diners 2.80%

B2B Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

B2B Netbanking All Banks 1.65%

B2B Wallet Wallet 2.15%

Education – Pvt Credit Card Master/Visa 0.90%

Education – Pvt Credit Card Amex/JCB/Diners 1.70%

Education – Pvt Debit Card Debit CardNIL (Upto 2000) & .90% (Above

2000)

Education – Pvt Netbanking All Banks Rs 13

Education – Pvt Wallet Wallet 2.15%

81



Utilities - Govt Credit Card Master/Visa 0.90%

Utilities - Govt Credit Card Amex/JCB/Diners 1.00%

Utilities – Govt Debit Card Debit Card NIL (Upto 2000) & .90% (Above 2000)

Utilities – Govt Netbanking All Banks Rs 13

Utilities – Govt Wallet Wallet 2.15%

Other Modes

UPI

Other Modes

B2B Rs 6

B2C NIL

Cash Rs 20

NEFT/ RTGS/IMPS Rs 1

International Cards 2.85%

Thank you

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