Easy Speed Pay Project

 Easy Speed Pay Project

Easy Speed Pay is a person-to-person (P2P) payment platform and identity management system which facilitates online check transfer by allowing consumers to send and receive money in real-time, with no special registration outside of the users' existing banking relationship, and under the security, brand and control of their own respective banks.

 A central clearing facility (CCF) coordinates and manages payments for users through partner financial institutions. Customers initiate payments within their online ESP accounts. With functionality of setting up separate accounts profiles and passwords. 

The CCF is invisible, and allows the customer to access the bank's delivery channel; select a recipient from a list of past payees or enter a new recipient; specify a payment amount, and optionally write a personalized message; receive immediate confirmation of the transaction using mail functionality, following which an email message is sent to the recipient advising of payment with links to various methods of collection, and receive an email message confirmation when the recipient accepts the payment. 

The recipient establishes his identity by providing responses according to his ESP accounts, the accuracy of which must be verified before any financial transaction will be effected. 

ESP also introduce a marketing strategy for connecting numbers of people using this web application. 

ESP introduce main feature is online pdf check generating system. Users they have no need to waiting for the cheque clearing process for a day.