Leveraging its core strengths, Bank Alfalah’s Cash Management business has experienced substantial growth in recent years, establishing itself as a premier solution provider for customers across different segments of the industry. A structured and optimum corporate internet banking solution, ‘Bank Alfalah Transact’, is offered, backed by the Banks vast branch network and digital touchpoints, allowing corporate, SME and institutional clients to conveniently carry out transactions anywhere and anytime. Real-time connectivity is on offer, utilizing the power and convenience of the internet. Its objective is to maintain uninterrupted banking services to clients in a personalized, cost-effective, efficient and, most significantly, secure manner. 

The following features are offered through the Bank Alfalah Transact platform: 

Collection Suite:

Manage your receivables with ease using our fully integrated collection channels:

• Reverse Bill Aggregator (RBA):
  Client can now pay their invoices digitally through our RBA solution integrated with 1Link’s 1Bill service, using multiple Alternate Delivery Channels (BAFL/Non BAFL) and empowering biller to on-board smoothly with Bank Alfalah instead of 1Link, avoid paying their significant set up charges.
• Over the Counter Deposits:
  Dealers of Transaction Banking will be able to deposit Cash, Cheque, Payment Order, Demand Daft directly into the client’s Collection Account through any Bank Alfalah Branch.
• E-Collections:
  Enables clients to route their collection proceeds digitally through BAFL’s E-Collection solution, empowering the distributors of corporate clients to make payments against their invoices within BAFL’s ecosystem.
• Utility Bill Collections:
  Clients will have the option to pay their utility bills through Bank Alfalah’s branches across Pakistan, which are reported online through the web equipped access given to the client.
• Cash in Transit (CIT):
  Corporates will be able to get their cash/cheques collected from their own premises by placing an online request through Bank Alfalah Transact. This will be provided using courier and CIT (Cash in Transit) companies.

Payment Suite:

• Corporate Payments:
  Customers will have the facility to make payments through Bank Alfalah Transact for various transactions including Account to Account transfer, Inter Bank Fund Transfer (IBFT) payments, Real Time Gross Settlement (RTGS), Cheque Issuance and generation of Payment Orders.
• Cash over Counter (CoC):
  For petty cash payments, BAT offers Over-The-Counter cash disbursement. This is done by sharing the beneficiary’s details on the Bank Alfalah Transact portal including a transaction specific X-pin which is system generated. Beneficiaries collect cash at any branch using a system-generated X-pin and CNIC.
• Cheque Issuance:
  BAT enables Corporates to issue cheques electronically with an option to have the cheque printed either at the customer’s premises or at designated Bank Alfalah’s branches (onsite/off-site). The client’s authorized signatures are digitally scanned, and these are printed on their respective cheques.
• Payroll Processing:
  Using Bank Alfalah Transact, the clients also can disburse their payroll using the bulk file upload module, assigning beneficiaries and associated amounts for payments.
• Payment Order Issuance:
  Any branch is your branch, BAT enables corporate users to print Payment Orders at designated Bank Alfalah branches by executing these instructions online.
• Real Time Gross Settlement:
  Our industry first solution RTGS enables clients to initiate and process RTGS requests through Bank Alfalah Transact, with immediate RTGS reference number upon transaction authorization.
• Corporate Servicing:
  The corporate customers can also request for Cheque Book Issuance digitally, cheque status enquiry and details of outstanding loans.
• 24/7 Real Time Global Accessibility:
  One Stop Solution to Business Transactions Anytime and Anywhere!
• 360° Relationship View:
  Consolidated view of your portfolio across all accounts