ChoicePay® Biller Services allows your bank to extend ePayment services to clients - a solution that addresses shrinking lockbox revenues for financial institutions. ChoicePay integrates our payment engine with you as the ODFI for origination and your credit card processor as merchant acquirer, driving an increase in ACH and credit card transactions to your business. Once integrated, your bank can use the ChoicePay® RPMTM tool, short for Rapid Provision Module, to onboard your billers to any of ChoicePay's menu of payment services in as quickly as one day! Customization and implementation that was once too costly is now affordable. Your bank will have access to more deposits and revenues and deepen relationships with current clients by offering streamlined remittance processing and a wider breadth of services that are white-labeled and packaged as your own.
By partnering with ChoicePay to offer electronic lockbox services, financial institutions can:
- Generate New Revenue from Existing Clients. Lost lockbox revenues are replaced with new ePayment revenues without costly investment.
- Attract New Clients. Re-energize sales messaging and reach out to old and new prospects with a new value proposition.
- Start Out Ahead. Achieve differentiation with electronic payments from a lockbox product offering that is highly commoditized. Early adopters will be first to market this message, while others react to try to catch up.
- Increase Customer Retention. Give clients more reasons to stay with deeper integration and superior, complete payment solutions with single source electronic and paper remittance.
- Extend Access to Multiple Payment Channels. Eliminate biller headaches from managing multiple payment channel providers for lockbox and electronic payments. Now you can provide clients with access to all payment channels within a single relationship.
Better Service. Better Margins. Faster Cash.
Brochure
Biller Set Up Tool for Resellers - Rapid Provisioning Module