In today’s highly competitive payments processing market, remittance processors are caught between the forces of shrinking margins and volumes and rising customer expectations. While the exponential growth of e-payments has created opportunities for companies like ChoicePay, paper processors have been squeezed in an industry facing numerous challenges. To address, ChoicePay is introducing e-payment technology that simultaneously reduces new client implementation times and supports the provisioning of hundreds or even thousands of billers served by a single processor. By leveraging current relationships to add new transactions or bringing in new business from mid-market billers unprepared to provide electronic payment services in-house, ChoicePay enables remittance companies to capture their share of the e-payments shift.
By partnering with ChoicePay to offer electronic lockbox services, remittance companies 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 reason 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