Benefits for users (RUBIS)

For the creditor

• business and trust relationship which is maintained with its bank
• an electronic transmission of payment requests, leading to postal costs savings and a full integration of the invoicing process
• the possibility, later, to propose several means of payment (credit transfer, card, direct debit)
• a reconciliation automation (lettering)
• a reduction of management costs
• a minimised risk for its customers data management. The reason is that the QXBAN cannot be used directly for money transfers as it is the case for bank card numbers IBAN
• a compatibility with the IBAN data in case it owns some
• an option, restricted to creditors issuing invoices, to use the RUBIS enrollment service as well as an increased visibility thanks to the creditors referential
• a storage of the initial request track in case of dispute.

For the debtor

• business and trust relationship which is maintained with its bank
• the systematic validation prior each payment, managed by the customer
• the choice of means of payment and of the account to be debited, depending on its banks proposal. The bank may manage a credit transfer from an different account from the one linked to the QXBAN
• the channels use: remote banking, ATM, mobile or directly its information system for a company
• a 24/7 availability
• a capability to supply automatically an electronic safe in order to store the invoice and its settlement elements
• a simplification to get in touch with creditors, either with the RUBIS enrollment service or with directly using the bar-code format of the QXBAN (this format is called the RIS2D)
• a security to get in touch with creditor:
  • with a protection of its bank account ID as it only spreads an alias of IBAN
  • with the need for the debtor to provide the creditor with its QXBAN identifier, either directly (SEPAmail, mobile, MMS or email) or using the RUBIS enrollment service.