Below are the expected entries for the different scenarios of payment on the e-BillsPay. 



 

  1. Call the e-BillsPay “Create Transaction” endpoint with the payload request.
  2. eBillsPay will generates a new payment request payload (containing the debit & credit advice) and sends to the bank’s middleware endpoint.





Where the beneficiary (Biller) is in Your Bank;

  1. Your Bank is expected to use the internal corebanking to debit the Teller’s Till/Payer’s account and credit the Biller’s account domiciled in your Bank.
  2. Afterwards, Your Bank is expected to respond to the e-BillsPay payment request with a successful response that it has done the debit and credit successfully.






For the accounting entries, 


  1. Debit Teller’s Till/Payer’s account (Transaction amount and fee)
  2. Credit eBillsPay Transit account/GL with the transaction amount and credit the fee wherever is okay for Your Bank.
  3. Then debit the eBillsPay Transit account/GL and credit the Biller’s account in Your Bank with the transaction amount ONLY.
  4. The fee should remain in whatever account Your Bank chooses to credit. NIBSS will debit the CBN account of Your Bank (or the CBN account of your settlement bank where Your bank is not a settlement bank) on weekly basis for fee, then the settlement team of Your Bank is expected to debit the fee from wherever it was kept and then credit the CBN account to clean up the debit passed by NIBSS. 
  5. NIBSS will share the fee among all the stakeholders which would include Your Bank.

 



Where the beneficiary (Biller) is in NOT Your Bank;


  1. Your Bank is expected to debit the Teller’s Till/Payer’s account and send the credit to the Biller’s account in the other bank via NIP.
  2. Afterwards, Your Bank is expected to respond to the e-BillsPay payment request with a successful response that it has done the debit and credit successfully.




For the accounting entries, 


  1. Debit Teller’s Till/Payer’s account (Transaction amount and fee)
  2. Credit eBillsPay Transit account/GL with the transaction amount and credit the fee wherever is okay for Your Bank.
  3. NIBSS will then pass a debit settlement for the amount to the CBN account of Your Bank Bank (or the CBN account of your settlement bank where Your bank is not a settlement bank).
  4. NIBSS would then pass a settlement for the corresponding credit amount to the CBN account of the Biller’s bank.
  5. Then the settlement team of Your Bank is expected to debit the e-BillsPay Transit account for the amount and credit the CBN account (or the settlement account in your settlement bank) for same amount that has been debited by NIBSS. 
  6. The transaction fee will still be left out in whatever account it was credited to.
  7. NIBSS will debit the CBN account of Your Bank Bank (or the CBN account of your settlement bank where Your bank is not a settlement bank) on weekly basis for fee, then the settlement team of Your Bank is expected to debit the fee from wherever it was kept and then credit the CBN account to clean up the debit passed by NIBSS. (This will not be applicable for non-settlement banks)
  8. NIBSS will share the fee among all the stakeholders which would include Your Bank.