Bancore enables businesses to invoice customers in a fast, secure, and cost efficient way, minimizing processing while making it easier for customers to settle their outstanding bills.
Bancore Invoicing lets businesses issue bills by using the costumer's mobile phone number as the recipient address and destination. This can be done one bill at the time or in bulk, using the Bancore Invoicing API, which allows direct integration with any existing ERP platform.
Once the customer has received the bill, he can use a variety of cash deposit options on the Bancore platform to pay the bill, including money transfers from friends and family abroad. No specialised hardware is required and as with all components of the Bancore platform, the customer can use any web browser or mobile phone. All transactions are handled via Bancores' virtual cards and underlying bank accounts, which - combined with Bancore's PCI compliant platform - give both the business representative and the customer a good experience in a secure environment.
Bancore Invoicing Module
Bancore Invoicing Module
As an alternative, businesses can use the Bancore Invoicing module to enable cashless distribution, by allowing ordering, invoicing and bill payment on delivery. This ensures that funds are always available before goods are delivered and avoids the issue of having to operate with a lot of cash in the distribution network. At the same time, Bancore ensures digital tracking of transactions.
Contact Bancore to hear more about the Invoicing services and how businesses can benefit.
Security & Compliance
Bancore employs the highest standards of security. Bancore's systems are continually monitored by our security team deploying state-of-the-art fraud monitoring systems.
Bancore has obtained a Payment Card Industry Data Security Standard certification (PCI DSS) which is the same as required by banks. Our virtual payment cards are subject to the same security standards and guarantees for funds which are standard to any VISA®or MasterCard®.
Bancore's advanced KYC validation system for transactions ensures full transparency of the identity of users and recipients. This, combined with the transaction velocity system monitoring a range of parameters, allows Bancore to offer a unique best practice authentication platform for high volume markets, including the emerging ones.
Bancore is developing its business in close collaboration with established financial businesses such as VISA® and MasterCard®, who see the importance and potential in developing innovative, mobile solutions for money transfer and payments.