Payments and Transfers on VBiz : VFD Microfinance Bank Limited

Note: This feature is available to users with SuperAdmin, Initiator, Verifier, and Authorizer roles.

Overview of Payment on VBiz

There are 3 types of payment/transfer workflows on the Vbiz platform, these payment processes are based on the current business workflow the business is on as at the time of the transaction. Bellow is a breakdown of all the roles on Vbiz;

Super admin: this user can create other users and assign roles to them but cannot initiate or approve any transaction unless the user also has these roles. The Super Admin role is automatically assigned to whoever initiates and completes the company's onboarding process.
Initiator: this user can initiate and submit transactions. However, these transactions will only be processed after approval by the Authorizer.
Verifier: this user can review and validate transactions submitted by the initiator. This role cannot initiate or approve transactions.
Authorizer: this user can only approve transactions on the platform but cannot initiate transactions.
Viewer: this user is only able to login and see what is happening on the platform but is unable to initiate or approve transactions.

All the possible user role combination on Vbiz

Superadmin/Initiator
Superadmin/Verifier
Superadmin/Authorizer
Superadmin/Viewer
Superadmin/Initiator/Authorizer
Superadmin/Initiator/Authorizer/Viewer
Initiator
Verifier
Authorizer
Initiator/Authorizer
Viewer

Single Business Workflow

In this workflow the Superadmin is also the initiator and authorizer

Multiple Workflow

Initiator >> Verifier >> Authorizer
Initiator >> Authorizer

How to Perform Single Payment to Other Accounts

Open your preferred web browser and navigate to https://business.vbank.ng
Enter your email/username and password, then click Log In
Select Payments from the side panel OR on the dashboard under Quicklinks select Transfers

On the Payments page select Transfer to other accounts.

Saved Beneficiary - Perform Single Transaction to Other Accounts

Select Saved Beneficiaries

Select the beneficiary and click on Add

New Beneficiary - Perform Single Transaction to Other Accounts

Select Add New Beneficiary

Enter payment details
- Select originating account from the Payment account drop down.
- Enter transaction amount in the Amount input field
- Select the destination bank from the Destination Bank drop down
- Enter the correct destination account number in the Destination Account input field, the account name will be auto populated if the correct Destination Bank and Destination Account is inputted.
  - If you want to Delete the transaction, select the Bin icon
  - If you want to save the Beneficiary, select the toggle icon, and select the beneficiary type.
    - If there is no created beneficiary type, create one to continue.
Select Make a Transfer

Confirm the transaction details from the pop up window, select Proceed
Enter your 4 digit Transaction PIN, select Make Transfer
Open your already setup Google Authenticator app and enter the 6-digit code.

Note: If your transaction failed, kindly try again, upon another failure kindly reach out to our support team via support@vbiz.ng

How to Perform Single Payment to Other Accounts

Open your preferred web browser and navigate to https://business.vbank.ng
Enter your email/username and password, then click Log In
Select Payments from the side panel OR on the dashboard under Quicklinks select Transfers

On the Payments page select Transfer to other accounts.

Saved Beneficiary - Perform Bulk Transaction to Other Accounts

Select Saved Beneficiaries

Select the beneficiaries from the categories and click on Add

New Beneficiary - Perform Bulk Transaction to Other Accounts

Select Add New Beneficiary

Enter payment details
- Select originating account from the Payment account drop down.
- Enter transaction amount in the Amount input field
- Select the destination bank from the Destination Bank drop down
- Enter the correct destination account number in the Destination Account input field, the account name will be auto populated if the correct Destination Bank and Destination Account is inputted.
  - If you want to Delete the transaction, select the Bin icon
  - If you want to save the Beneficiary, select the toggle icon, and select the beneficiary type.
    - If there is no created beneficiary type, create one to continue.
Select Add New Beneficiary and perform the above process again up to 20 transactions
Select Make a Transfer

Confirm the transaction details from the pop up window, select Proceed
Enter your 4 digit Transaction PIN, select Make Transfer
Open your already setup Google Authenticator app and enter the 6-digit code.

Bulk Upload - Perform Bulk Transaction to Other Accounts

Select Upload File

Download the sample file upload and bank code file by selecting the hypertext template and bank codes respectively

Navigate to your downloaded file folder on your device and open the template document you just downloaded (it is an .csv format document otherwise know as excel)

Kindly note that the downloaded template document is the same as bulk-transaction

When the bulk-transaction document is opened, enter the transaction details in the appropriate cells
To fill in the appropriate bank code open the bank code document and look for the bank code of the respective banks of the beneficiaries, enter into the bank code column on the bulk transaction document
Save the updates on the bulk transaction document
Login to your Vbiz account if your session is timed out already
Navigate to the page below and upload the updated bulk transaction document by clicking on Select