Velocity@ocbc can be used to initiate interbank Giro collection, create pre-designed collection templates and generate reports. It provides a user-friendly interface for data input, convenient lookup tables for reference, in-built check to ensure completion of mandatory information fields and pre-designed templates to help with repetitive transactions.
Next Steps :
Giro Collections
In Giro Collection, the bank collects funds on behalf of the customer based on the arrangement and credits the customer's account. The customer has to provide the Credit Account Number in order to enable the bank to know which account to credit when such a collection is made. The Debit Account Number of the Payer has to be specified.
