Comparison Aspect
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Traditional Bill of Exchange
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Authenticity
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- Authenticated / verify online
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Securing/ Order
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- Easy and Convenient
- Online
- 24 Hours / 7 day a week managemnt
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- Physical attendance at Bank
- Waiting lines / ueue
- Restricted to Banking Hours
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Security Features
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- UV fibre paper
- UV mark
- Security paper / design
- Chemical sensitive paper
- Guilloche
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Technology Features
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- Hack proof
- Norton Symantec SSL
- ASPX
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- Limited technology with manual verification basis.
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Gorvening Guidelines
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- UNICITRAL
- ICC
- (International Regulation Compliance)
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- Local Bill of Exchange Act
- (Local Regulation of Compliance)
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Available Currency
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Customer Service
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- Specialized service
- Able to contact via email, telephone & chat Online
- Self management control panel
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- Physical attendance in the bank
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Delivery
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Service Availability
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- 24 Hours / 7 day a week at www.ibillex.com
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- Restricted to banking Hours
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Status Check
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- Online self-checking – Detailed and update information is available.
- Email notofication
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- Call Customer Service Centre / Branch
- Restricted / Limited information
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Privacy Level
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- Provide options to user ie. Private or Public
- (Private – strictly for limited parties)
- (Public – All users having the serial and the Reference number of the Billex are able to View)
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Record Retention
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- 8 years retention period
- Online and immediate availability
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- 6 years retention period
- 3 to 4 working days upon formal Request.
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Secrecy
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- Dedicated platform
- Isolated platform
- System Interaction
- Canadian Secrecy law
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- Subject to bank secrecy and local law
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